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flyer
ParticipantGood points–BG.
Bottom line is, whatever choices people make, as long as they can support themselves through retirement that’s fine with me!
Happy Thanksgiving to All!
ParticipantGoing forward, regardless of what jobs they take, it will be very interesting to see the stats on what percentage of young people make enough money to support themselves–especially those who were raised in CA–and aspire to continue the lifestyle their parents have provided.
As I mentioned before–my kids were lucky–but, from what we’ve seen and heard from friends–it’s not a pretty picture out there for kids trying to make the “big bucks,” AND live where they want to live.
ParticipantAnd more food for thought regarding college. . .
ParticipantBG–Very interesting info on your family–good stuff. With what those kids are making, and the lower cost of living where they reside, they should be able to retire early, and transition into something that is less physical as they grow older. It could easily be a win-win for them, if they plan well.
Perhaps they could invest in property, and franchises, etc., along the way. At least they amount to SOMETHING, and are taking responsibility for their own lives.
As I know I’ve mentioned before, I can’t tell you how many friends we have with kids in their 20’s and close to 30, (college-educated or otherwise) who are completely incapable of supporting themselves, and don’t want to do anything because they couldn’t achieve their “dreams.” Sadly, I think this scenario may only become more prevalent going forward.
ParticipantOh, I agree, flu. My parents, grandparents and I did that, my kids are doing that+ they do have their trust funds.
My point was, that the reality is, if the “easy money”–from whatever source–doesn’t come their way–many kids today aren’t prepared to do anything at all.
Whatever kids choose to do, hopefully they can achieve their dreams AND support themselves.
ParticipantGood article, BG.
Unfortunately, the way kids are today–living in denial about the job opportunities that await them–I can see why there might be no “takers.”
My kids were lucky and got great jobs a few years ago right out of college, but the world has changed drastically since then, and, according to many people we know–even though relatively few young people are getting good jobs out of college or otherwise–this is still going to be a “hard-sell.”
Guess they’ll just have to start tapping those trust funds.
November 16, 2012 at 5:09 AM in reply to: OT: Someone is taking this election very seriously #754781ParticipantIt’s sadly amusing that people actually spend time thinking about politicians–and giving them so much power in their lives–as this story so clearly illustrates.
IMO–a much better use of valuable time would be to think about how you are going to make your next million–and how to keep as much of it as possible!
Participant[quote=zk][quote=UCGal]But you’ll continue to have voters who have no clue.
Case in point.
http://usnews.nbcnews.com/_news/2012/11/13/15137488-police-arizona-woman-runs-down-husband-with-car-for-not-voting?liteShe clearly didn’t understand that Arizona went for Romney, so one more vote for him wouldn’t have changed things.[/quote]
The right-wing noise machine has been telling Americans that Obama has been hurting their finances since before he even took office. Limbaugh called the recession “the Obama recession” while Bush was still president (but after Obama won the election) on the assumption that businesses anticipated poor treatment from a Democratic president and therefore started laying people off. And it’s been a non-stop barrage ever since.
I’ve frequently wondered, when listening to right wingers parrot this garbage, if they really believe it, deep down inside. I guess at least some of them do. Clearly, the right-wing noise machine is able to reach deep into people’s psyches and spin them up. Obviously, this woman had other problems. But clearly she was spun up about politics. And what do you think the odds are that she had a clear understanding of the issues that made her so angry?[/quote]
As referenced above–interesting, and, in this case, sad–how so many people are so “riled” about this election. Why waste your time even thinking about any politician?
If everyone is really getting what they want out of life–who cares what anyone else believes, thinks or does?
I’d much rather spend my time concentrating on keeping everything I’ve acquired–“playing” every investment and other angle possible–and, most importantly, helping my family live their dreams–regardless of who is running the country. Then, WE win.
November 11, 2012 at 10:35 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754407Participant[quote=ltsdd][quote=bearishgurl]The repair I had done in Tulsa cost only $3.75 less than my mechanic in SD would have charged me for it (I checked).[/quote]
So, what’s the appeal of Tulsa, again?
[Edit]
Went to the mall earlier today. Observed two things that I want to share.1. It’s mid Nov. and it’s sunny with a that nice crisp, cool autumn air.
2. The mall is crowded and vibrant. People are either racking it up with plastic or the folks in SD are doing OK financially regardless of higher taxes, the impending fiscal cliff and whatnot.[/quote]
Have noticed the same–beautiful day! We were out boating and also stopped by the mall today. UTC was packed, and we noticed some new restaurants going in at the east end. Roy’s was also packed.
Don’t know if the activity is real, plastic-fueled, or “I really don’t care anymore–the heck with it all, my kids and I will just die broke.”
Problem is, people don’t just “die broke,” someone, or some entity has to take care of them, and that’s where I have a problem.
I’m all for people doing whatever they want to do in life, as long as they don’t expect anyone else to bail them out if they can’t cover their expenses due to job loss, health problems, aging, etc., etc.
Eventually, there will be no one left to bail anyone else out, so, along with enjoying everything in life, I believe in also planning very carefully for the future–mainly because I sleep a lot better.
ParticipantKeeping politics completely out of it, all that will really matter going forward–will be how well each of us and our families are doing financially in years to come–and that was the point of my OP–Good luck to all!
ParticipantEither way things had gone–these are sad realities, paramount–and more proof to support my comment on another thread about how difficult it is going to be for future generations to achieve “wealth” in this country.
November 11, 2012 at 3:34 PM in reply to: Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California. #754386ParticipantIt’s sad to see the political parties so polarized against each other, especially when all of it will only result in less families–not more–achieving and sustaining the “American Dream” going forward.
Those who have already attained their wealth will always find a way to take care of themselves and their families, but, from here on, IMHO, achieving wealth in this country is going to become more difficult than ever. That’s the sad reality for future generations–but they just don’t know it yet.
ParticipantMy thoughts on this article were pretty much a combination of what both of you expressed–Hobie and SK.
Now, I guess the real question is, if any these positive predictions do prove to be true, will any of this make much difference in the lives/bottom line of “average Americans?” Also, because many of these “positives” also have “negatives” associated with them. (increased consumerism=lower savings rates=destitute future retirees, etc.)
Yet, even though the financial direction of our country appears dire, I’m hoping, more for the sake of future generations than anything else, that we can somehow overcome our problems, but I’m not too optimistic.
The next ten to twenty years in this country are going to be very interesting.
ParticipantThe thing is that, unless these changes you’ve mentioned, which I happen to agree with, occur in the lifetime of the masses–their lives, and the lives of their children or grandchildren will not change for the better–then they’ll be over–and that’s the sad reality of making political promises that cannot possibly come true in a meaningful period of time.
Therefore, since we don’t believe we can change any meaningful financial aspects of our world for the better in our lifetimes, we’re doing everything we can to protect what we have for ourselves and our children for the time we all have left.
I’d also like to add, that, whether the “punishing the successful” concept is true or not, I have a SIL who has been buying up property with the intention of renting it out (for next to nothing) to all of the kids in the family after college–should they need these homes–and is planning to bankroll them, as necessary, to help them survive in the world. Basically, people will either survive, or they won’t–no “meme” about it.
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