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re: If Baby boomers and Gen X ruined this country
Posted on 8/24/16 at 10:06 pm to 504ByrdGang
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
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.
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