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Wealth Is What You Don’t Spend

Thread in 'Finance / Investing' started by araomd, Jan 22, 2020.

  1. araomd

    araomd ODT Junkie!

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  2. HUNTING

    HUNTING ODT Supporter

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    Damn that’s scary that half of Americans have no money saved for retirement.... going to be a homeless epidemic
     
    Zeake and Wolfpenhiker like this.
  3. Trailrider

    Trailrider The Hen that laid the Golden Legos Supporter

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    Good article with good analogies. Too many people want to keep up with the Jones's than put something in the bank. Far too many people I know are one paycheck away from being in the hole. No savings, no plans for retirement, etc. But they have nice houses and cars, and the newest everything. People just aren't taught to save anymore.
     
  4. Hayata

    Hayata Knock it off with them negative waves Moriarity!

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    Bet you dollars to donuts the govt will legislate taking a huge portion of the 401K's of the folks who did save for retirement and redistributing the wealth to those that didn't.
     
  5. chazehen

    chazehen ODT Junkie! Supporter

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    Very common sense approach to explaining something we all know we tend to do. Sometimes it feels good to be held accountable by the facts. Good read
     
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  6. HUNTING

    HUNTING ODT Supporter

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    That’s why it’s good to diversify your assets
    Land , precious metals, etc
     
  7. alleycat

    alleycat Cosmoline Junkie Supporter

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    Its been discussed by analysts.....wouldn't surprise me at all
     
    Wolfpenhiker, Hayata and Bypass like this.
  8. WinstonSmith

    WinstonSmith Garthok Narfler Supporter

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    Gov loves this. Just means more and more headed to a state of dependence upon them.
     
  9. StuP

    StuP The Hen that laid the Golden Legos Supporter

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    Wise words, wish my wife had found this, we'll being living in a cardboard box by age 69....
     
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  10. WinstonSmith

    WinstonSmith Garthok Narfler Supporter

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    To be fair though it is much harder to live in means today than it was back then. They don't even build affordable housing anymore. Vehicles are far more expensive. The system is designed to make people finance things. Why make money off a sale when you can make so much more from interest and finance charges? How difficult would it be to live in today's world without a car, internet, cell phone, etc? Pretty damn difficult. The price of education is even astronomical and extremely difficult to live without. The rot started long ago and it has invaded every aspect of our lives. Yes there are steps you can take but the whole system is set up to funnel you into its clutches.