re: If Baby boomers and Gen X ruined this country

Posted on 8/24/16 at 10:06 pm to 504ByrdGang

Posted by cas4t

Member since Jan 2010

70936 posts

Posted on 8/24/16 at 10:06 pm to 504ByrdGang

and this really should hit home with the old folks

quote:
They bought things they couldn't afford. Borrowed money from their future children and grandchildren. They had good paying jobs with great benefits without needing a formal education yet didn't save any money, which is why they are still working.

I'm 28, my fiancé is 27 and our combined income is about 170k. We do well. She drives a '97 jeep with 102k miles (yes 102k from '97 is legit, idk how) and I drive a 2010 accord with 104k miles. We still rent and are saving up a hefty downpayment for a house. Learned from the generation before me that material shite is not worth it. It's crazy how many 40 and 50 somethings are still in frickin brand new Tahoes with their 5k a month mortgage.

The American Dream, I guess.

This post was edited on 8/24/16 at 10:07 pm

1 ...

Report Post

Posted by Vood

Enjoying a Forty with Lando

Member since Dec 2007

8341 posts

Posted on 8/24/16 at 10:31 pm to cas4t

quote:
5k a month mortgage.

Exaggerate much?

quote:
Borrowed money from their future children and grandchildren

Clearly the best money you can spend is money from someone else. BTW Parents don't owe their kids any inheritance.

Jerry Seinfeld said it best, when his daughter asked him are they rich. He said "I am rich, you are dirt poor and have to earn your money."

Good luck with your old cars and massive down payment on a house that you are "going to buy".

I buy a brand new car every four years and pay very little interest if at all each time. Guess what I NEVER have to worry about them breaking down on me. All I do is put gas and oil in it and get everything fixed under warranty. Any money spent on cars as old as yours is a WASTE of money.

3 ...

Report Post

O-T Lounge - Replies to Post

Return To Board

Page 1

Return To Board