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re: Where does it end? The cost of everything
Posted on 8/10/18 at 10:06 am to jwill37
Posted on 8/10/18 at 10:06 am to jwill37
quote:
My point which seems to be lost on everyone is that everything is spiraling out of control from a cost standpoint and what we make for what we do has not gone up at all for most professions.
No it's not.
0
Posted on 8/10/18 at 10:07 am to Champagne
quote:
Go look at car advertisements from the late 1960s to the early 1970s -- you could get a new car for under $5,000.
$4500 in 1965 is $36000 in 2018 when adjusting for inflation
Posted on 8/10/18 at 10:08 am to GoIrish02
quote:
You forgot the single largest expense of all households: taxes
Nonsense
Posted on 8/10/18 at 10:08 am to jwill37
quote:
My point which seems to be lost on everyone is that everything is spiraling out of control from a cost standpoint and what we make for what we do has not gone up at all for most professions. I know I don't have to buy a fully loaded F150 or build a nicer home; however if I wanted to it would cost me much more than my parents and I am not being paid more than someone doing the EXACT same job 25-30 years ago. In fact that person working 25 years ago in my position made more.
You're basically completely wrong, but way to double down.
Posted on 8/10/18 at 10:10 am to rantfan
quote:
Three years ago I quit trying to keep up with the Jones's. I'm a much stress less person now.
I tell people it is not about how much you make but about how much you spend. I guess the reality is I just wish people cared have as much about how much they spent as they did about what they make. I learned about 10 years ago that larger homes, newer cars, etc are a waste. More time for cleaning, more expensive to take care of, more expensive to furnish, etc. I also enjoy watching my retirement account continue to increase exponentially. The only thing I regret is that I didn't start 10 years soon.
One thing I will say, it is definitely easier to research stocks, buy/sell stocks, etc than it was 10 years ago.
Posted on 8/10/18 at 10:11 am to jwill37
quote:
I have a high paying job for my community and it's insane the cost of groceries, cars, homes, living period. If your parents weren't rich the days of becoming rich seem harder to come by. Even doctors, lawyers, insurance agents, cpa's aren't making what they used to. Maybe it's just me but this shite is outta control. I can't think of a single thing that costs less today that I want or use etc and we should be more efficient at making things.
This is not a shot at you but society in general today. My wife and I are right at age 60. We own everything we have and dont accumulate debt like many today. I dont have a $60 boat or a $200K camp. No jet skis, ATV's, or RV's, or hunting leases. I provided each of my kids with a car, college education, and living expenses. We drive current model vehicles. We dont eat out much at all. I have all the clothes I can possibly need and want.
Point is that I choose to live within my means and pay for what is important. I do spend money on extras and optional life improvements. My family cell, internet, phone, and cable bill is about $500/ month. I am insured to the hilt.
I do not understand the people I see at work and in my community that are mortgaged to the hilt and have a $10K annual hunting habit, a bass boat, two new cars including $70K truck, eat out 4 nights a week, and are gone to the beach at least once a month... Many people I know live paycheck to paycheck.
Posted on 8/10/18 at 10:12 am to LNCHBOX
quote:
You're basically completely wrong, but way to double down.
Ok explain that
Posted on 8/10/18 at 10:13 am to jwill37
It is pretty scary knowing if I had a kid today K-12 would cost me over 100K ... before college.
This post was edited on 8/10/18 at 10:14 am
Posted on 8/10/18 at 10:13 am to jwill37
quote:
Ok explain that
It's been explained to you by many people. You chose to ignore all that and make the post I quoted. You're not interested in listening,.
Posted on 8/10/18 at 10:15 am to jwill37
quote:
Ok explain that
How about you explain some of the things that one needs to live that are spinning out of control due to inflation?
And don't use the example that some people buy $60K trucks.
Posted on 8/10/18 at 10:17 am to GetmorewithLes
quote:
I do not understand the people I see at work and in my community that are mortgaged to the hilt and have a $10K annual hunting habit, a bass boat, two new cars including $70K truck, eat out 4 nights a week, and are gone to the beach at least once a month... Many people I know live paycheck to paycheck.
I certainly appreciate your thought. I don't have debt either other than a mortgage I could pay off today. I'm not saying these things because I'm struggling controlling our spending. I'm saying it because it's true. If you're 60 then answer me this. Does a person performing the exact same job as you make much more if at all more than he/she did 25-30 years ago? Because the cost of a car, home, food etc has gone up triple in most places. Eating out cost double/triple. If I spent $100 for 2 people at a fancy restaurant 15-20 years ago including tip I still ate like a king. Today no way.
Posted on 8/10/18 at 10:19 am to GetmorewithLes
quote:
I do not understand the people I see at work and in my community that are mortgaged to the hilt and have a $10K annual hunting habit, a bass boat, two new cars including $70K truck, eat out 4 nights a week, and are gone to the beach at least once a month... Many people I know live paycheck to paycheck.
You ever heard of a savings account, or a retirement plan? These people haven’t.
Posted on 8/10/18 at 10:21 am to fallguy_1978
quote:
We lived in a 1600 sq ft home when we were growing up with a family of 5. Most people aren't willing to live like that anymore.
We had a family of five in roughly a 900 sq foot home when I was young. We upgraded to a 1100 sq foot home when I was in high school. We stayed outside most of the time anyway.
Posted on 8/10/18 at 10:22 am to TimeOutdoors
quote:
I tell people it is not about how much you make but about how much you spend. I guess the reality is I just wish people cared have as much about how much they spent as they did about what they make. I learned about 10 years ago that larger homes, newer cars, etc are a waste. More time for cleaning, more expensive to take care of, more expensive to furnish, etc. I also enjoy watching my retirement account continue to increase exponentially. The only thing I regret is that I didn't start 10 years soon.
It's all relative to income to debt.
It's possible to to spend money/enjoy life while saving/investing.
Posted on 8/10/18 at 10:23 am to TheIndulger
CPI
Interesting. $ 20 in the mid 90’s = $33 today.
Interesting. $ 20 in the mid 90’s = $33 today.
Posted on 8/10/18 at 10:25 am to jwill37
quote:
Where does it end? The cost of everything
I understand where you are coming from, but people confuse wants with needs. No one needs a $1,000 smart phone, they just want them. No one needs to live in a 3,000 sq. Ft. house. They just want to.
No one needs to pay $60,000 for a new truck when and older used one would do. But people still do it.
No one needs to spend a hundred thousand dollars on a college education when they won't get a job in their major, but people do.
There are ways to cut down on the cost of everything if you figure out what's needed and what isn't.
Posted on 8/10/18 at 10:30 am to jwill37
If you built the exact same house as your parents did back then, it probably wouldn’t be all that much more
Posted on 8/10/18 at 10:33 am to mikelbr
And I bet that sticker is from Atlanta which can be way higher than any other city in the country. Why not show me an apartment for rent in Manhattan.
Posted on 8/10/18 at 10:33 am to jwill37
quote:
Why not show me an apartment for rent in Manhattan.
Why does that matter?
This post was edited on 8/10/18 at 10:35 am
Posted on 8/10/18 at 10:34 am to jwill37
quote:
And I bet that sticker is from Atlanta which can be way higher than any other city in the country. Why not show me an apartment for rent in Manhattan.
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