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if the fed raises rates to 5-7% from almost zero you can bet inflation will be an issue and you will still need more just to buy the same stuff and pay the same bills.
if the fed raises rates to 5-7% from almost zero you can bet inflation will be an issue and you will still need more just to buy the same stuff and pay the same bills.
That's what the bankers want you to believe. 5% inflation makes retirement actuarily sound. No one is going to make $1 million must less 7.8.
i dont think i want my retirement to take place in a almost 2x the historical rate of inflation... instead of prices doubling every 24 years they would double every 14..... no thanks ...
Yep...let's increase taxes so we can give irresponsible multi-millionaire sports players counseling, I'm sure they will listen and show up to their appointments, while their government authorized counselor gets paid guaranteed hours and overtime once again on the tax payer's expense. Who ****ing cares about the poor decisions these sports players choose! Why not offer financial counseling to seniors in high school, if you want to go down that road, come on, what is the world coming, a giant entitlement policy paid by the responsible. What happened to accountability and self-responibility and accepting the consequences for your own mistakes!
Who said anything about increasing taxes to provide counseling for NFL players?????
Please try not to be a knee-jerk emotional whack job, OK? And btw, that horse you're sitting on is mighty high.
The Chinese government basically looks the other way until the sh** hits the fan. This is the reason for all the poisoned food and the shoddy building materials, etc. It is the Libertarian's dream. 'People can sue if they don't like it.' When the spotlight does fall on the junk China produces, then strong measures are taken. Before then, it's every man for himself. That's why their buildings all collapse during earthquakes. All those children, dead. Sure, they have regulations on the books but everyone ignores them. Government inspectors become wealthy with payoffs and from the underground economy. I hate to think that the same things go on here.
China, a libertarian's dream? What have you been smoking? That's wrong on so many levels, I think we'll just have to end this discussion right here.
Never going to happen thanks to wifey's sickness and the resulting medical bills. Thought we had a shot before all that happened.
Quote:
Originally Posted by fourlug
I broke $40k a couple months ago in cash! Woooo haha. So how long until I have a million?
I have a crazy plan that consists of me paying off a house (450k) by the time I'm 25.. I'm 20 now.
Agreed 100% you need money to make money. Connections don't hurt in the coperate world either =p
How in the world did you pull this off? At 20 I was nose deep in college and not working at all, let alone making an income that would let me buy a half million $ house.
the products made in china when left to their own devices are just awaful .. my company manufacturs product there... after many attempts at getting quality finished goods we ended up finally just have them make the parts and we do the assembly here in our own shop..
they were terrible at quality control. we make commercial water pumps and sewage ejectors, they would do things like drill holes for the nametag and drill right into the pumps water channel. leakes were common and failure rate was rediculiosly high.
...How in the world did you pull this off? At 20 I was nose deep in college and not working at all, let alone making an income that would let me buy a half million $ house.
For a healthy young person willing to work hard (full time) it is not hard to imagine. When I was 20 years old in 1979, I had approximately $20K in net worth. $20K in 1979 is like $59K today. Like Fourlug, I had the benefit of living at home with minimal rent.
$30 or $35 an hour, plus some OT will get you to $80K real fast.
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