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Started By
Message
re: Thought I'd share the biggest personal finance train wreck ever seen
Posted on 11/1/18 at 7:40 am to TheMailman
Posted on 11/1/18 at 7:40 am to TheMailman
quote:
Is that a big deal
I know of people making the same amount and buying house almost double that price
They could not close because they didn’t have the $ to bring to closing. They notified us of this in the Bahamas. So they had money to go to the Bahamas but not honor a contract. The trip was booked after the contract to purchase. They do not have an IRA, 401k, pension, or savings account. They make 212,000 combined income a year.
That’s a big deal
1
Posted on 11/1/18 at 7:54 am to ItNeverRains
quote:
They do not have an IRA, 401k, pension, or savings account. They make 212,000 combined income a year. That’s a big deal
I really don’t understand how that’s physically possible.
My wife and I are teachers and I had a 4 year stint of low income with a few bad financial decisions. We still have savings, zero debt, and a bright future that will come to fruition pretty quickly. We even spend too much on food and still take a decent vacation every 6 months.
How someone can make double we make and have little to nothing to show for it is baffling.
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