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re: Poor people who receive large sums of money
Posted on 2/28/12 at 4:07 pm to LSUBanker
Posted on 2/28/12 at 4:07 pm to LSUBanker
quote:
He was hurt in a big rig truck accident...not work related. He is really bang up and I feel for the guy, but buying a $40k bass boat when you can barely walk is not a good idea.
Im confused did he pay you to be his dad or provide a financial plan?
Having good investments while sitting at home doing nothing sounds a whole lot worse to me than having fewer good investments but being able to be out on the water living life.
2
Posted on 2/28/12 at 4:08 pm to C
quote:
in 10 years it be cosolidated once again.
I would put it closer to 5 years myself. But I've been called a pesimist before.
Posted on 2/28/12 at 4:35 pm to LSU0358
quote:
But I've been called a pesimist before.
Yeah I typically give people the benefit of the doubt...
Posted on 2/28/12 at 4:39 pm to C
Perfect example: Lottery winners
Those guys go from living perfectly fine on 30-40k and then win 100 million dollars and are broke within 7 years.
Those guys go from living perfectly fine on 30-40k and then win 100 million dollars and are broke within 7 years.
Posted on 2/28/12 at 4:42 pm to LSUBanker
poor people are poor for a reason
Posted on 2/28/12 at 4:52 pm to TheHiddenFlask
quote:
Perfect example: Lottery winners
Those guys go from living perfectly fine on 30-40k and then win 100 million dollars and are broke within 7 years.
My cousin won $180k on 2005. He and his wife had good jobs and were in good health, 5 years later he was divorced and broke. Just like they say.
Posted on 2/28/12 at 9:36 pm to LSUBanker
quote:
buying a $40k bass boat when you can barely walk is not a good idea.
I dunno - he may see it as a way to get host fishing parties and get friends he didn't have before. People have been known to use money to attract friends before, that's a powerful motivator.
Posted on 2/28/12 at 10:43 pm to foshizzle
If we took all the money in the US and divided it evenly amongst every person in the US, how long would it take for things to get to be roughly the same as they are now with the disparities in wealth?
Posted on 2/28/12 at 11:08 pm to Catman88
quote:
Having good investments while sitting at home doing nothing sounds a whole lot worse to me than having fewer good investments but being able to be out on the water living life.
You sound like an idiot, and I really love fishing.
Posted on 2/29/12 at 12:59 am to TheHiddenFlask
quote:
Having good investments while sitting at home doing nothing sounds a whole lot worse to me than having fewer good investments but being able to be out on the water living life.
you better hope you die relatively young while "living life".
Posted on 2/29/12 at 7:02 am to LSUBanker
quote:Gotta have those $220 limited-edition Nike Foamposite Ones. Gotta have 'em.
It's absurd the crap that people will spend loads of money on.
Posted on 2/29/12 at 7:17 am to ProjectP2294
quote:
If we took all the money in the US and divided it evenly amongst every person in the US, how long would it take for things to get to be roughly the same as they are now with the disparities in wealth?
I wonder how much ($$$) exactly that would be.
Posted on 2/29/12 at 7:52 am to Catman88
quote:
Having good investments while sitting at home doing nothing sounds a whole lot worse to me than having fewer good investments but being able to be out on the water living life.
Dude, I think you get the OP's point. These people are stupid and will be broke soon.
I have relatives like this. Everytime they somehow end up with a little extra money, they go and guy stupid shite.
I'm talking about buying a new tv when they aren't sure if they can pay the electric bill.
Taking a vacation when they aren't sure if their car is going to be repoed by the bank.
Posted on 2/29/12 at 6:21 pm to notiger1997
They were poor for a reason. Bad values/priorities will mess any good plan.
Posted on 2/29/12 at 6:37 pm to jameison125
Posted on 2/29/12 at 7:09 pm to LSUBanker
Someone has to stimulate this economy. It might as well be these retards
Posted on 2/29/12 at 7:22 pm to Catman88
quote:
Without knowing what is considered crap its hard to understand. I love to fish. I dont 'need' a boat but buying a boat is something I do in order to enjoy part of my life. Otherwise what is the point of having a job? Not everyone wants to be herded through life like cattle.
What you call fishing I call being a personal finance expert (although I'm nowhere near deserving of this title yet). It is literally oodles of fun for me to look at my personal financial situation as if I were a business and attempt to maximize my bottom line. I get to be every C-level official and the sole shareholder all in one
Different strokes for different folks. But living a financially brilliant life doesn't necessarily equate to living an unfulfilled or unfun life. And BTW, I love to fish as well (when it fits into my budget).
Posted on 2/29/12 at 7:46 pm to TheHiddenFlask
Im an idiot because i believe that living your life and being happy while severely disabled is more important than having good investments? BS my grandparents saved had good investments but never did shite and never saw anything. They will both die like all of us will with NOTHING. Not only that they wont have much to pass down because all that savings they made in their meger lives went to pay for them to live a little longer. I wish to god my grandfather would have said to hell with one of his CDs and took a trip and did something fun for once. I dont advocate blowing everthing but wtf is wrong with the guy buying a boat when there is nothing else he can do?
Posted on 2/29/12 at 7:51 pm to RedStickBR
quote:
What you call fishing I call being a personal finance expert (although I'm nowhere near deserving of this title yet). It is literally oodles of fun for me to look at my personal financial situation as if I were a business and attempt to maximize my bottom line. I get to be every C-level official and the sole shareholder all in one
Different strokes for different folks. But living a financially brilliant life doesn't necessarily equate to living an unfulfilled or unfun life. And BTW, I love to fish as well (when it fits into my budget).
Well put, especially the C-suite line
. Speaking of, I really need to drop some $$ into investments this month. Good reminder
Posted on 2/29/12 at 8:05 pm to NC_Tigah
I read most of this thread and I can think of some personal experience that might give some insight.
I grew up very comfortable middle class but never had much money of my own to manage. I had life guarding jobs and crap like that for date money in high school but never had a chunk to manage.
My Freshman year of college my student loan left me $1300 in pocket money and having never had that in my pocket, I thought it was a bottomless pit of cash. Blew through it fast.
When you've never had money, moderate amounts of money seem much bigger than they are.
I grew up very comfortable middle class but never had much money of my own to manage. I had life guarding jobs and crap like that for date money in high school but never had a chunk to manage.
My Freshman year of college my student loan left me $1300 in pocket money and having never had that in my pocket, I thought it was a bottomless pit of cash. Blew through it fast.
When you've never had money, moderate amounts of money seem much bigger than they are.
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