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Thus proving that you do not understand the premise.
I'm Mr. Bootstrapper. I'm the Alpha Freakin' King of Bootstrapping. My entire life has been one big bootstrapping adventure. But that has absolutely no bearing on the financial outlook of a hypothetical Millennial graduating high school in 2015 compared to a hypothetical Boomer graduating high school in 1975.
Me, the great grand and all-powerful bootstrapper is going to do well in either scenario. That has no bearing on the discussion. And that's why I'm not regaling folks with anecdotes about "Scooter, the Plucky Millennial Realtor." It is contrary to the topic: What are the prospects for Millennials as a generation compared to Boomers as a generation. Boomers had it easier than Millennials. GenX had it easier than Millennials.
Personal stories of triumph (or failure) aren't relevant.
"Bootstrapping" - ie, work hard, make sound financial decisions, support your own lifestyle choices or make different ones that you CAN support.
exactly.......and the difference between success and failure is how well you do all these things when times are tough, complicated or difficult. Everyone faces setbacks........for some that comes before adult life begins, for some in the middle and some towards the end. Its what you do about these setbacks that makes the difference.
Every generation has obstacles. Every individual has their own unique obstacles.
Thus proving that you do not understand the premise.
I'm Mr. Bootstrapper. I'm the Alpha Freakin' King of Bootstrapping. My entire life has been one big bootstrapping adventure. But that has absolutely no bearing on the financial outlook of a hypothetical Millennial graduating high school in 2015 compared to a hypothetical Boomer graduating high school in 1975.
Me, the great grand and all-powerful bootstrapper is going to do well in either scenario. That has no bearing on the discussion. And that's why I'm not regaling folks with anecdotes about "Scooter, the Plucky Millennial Realtor." It is contrary to the topic: What are the prospects for Millennials as a generation compared to Boomers as a generation. Boomers had it easier than Millennials. GenX had it easier than Millennials.
Personal stories of triumph (or failure) aren't relevant.
They beat the heck out of your personal opinions touted as fact, with nothing to back them but your own rhetoric (oh, and one video - can't forget that gem!).
By the way, I understand the premise completely - I just don't agree with your position.
Thus proving that you do not understand the premise.
I'm Mr. Bootstrapper. I'm the Alpha Freakin' King of Bootstrapping. My entire life has been one big bootstrapping adventure. But that has absolutely no bearing on the financial outlook of a hypothetical Millennial graduating high school in 2015 compared to a hypothetical Boomer graduating high school in 1975.
Me, the great grand and all-powerful bootstrapper is going to do well in either scenario. That has no bearing on the discussion. And that's why I'm not regaling folks with anecdotes about "Scooter, the Plucky Millennial Realtor." It is contrary to the topic: What are the prospects for Millennials as a generation compared to Boomers as a generation. Boomers had it easier than Millennials. GenX had it easier than Millennials.
Personal stories of triumph (or failure) aren't relevant.
The financial outlook of a hypothetical Millenial has no bearing on whether or not any particular Millenial can be successful. All the hypothetical tells you is what obstacles in general you need to either be wary of or overcome. It doesn't even begin to address any one Millenials own personal obstacles.
I don't agree the outlook is grim. And only looking at the obstacles is a lopsided picture.
Millenials are the most highly educated generation ever, they have all the information produced by mankind at their fingertips by pushing a button. That's a pretty freaking big advantage over other generations and surely something a smart Millenial can leverage to overcome obstacles.
Boomer graduating high school in 1975. Decent grades, no scholarships.
State university tuition, room, board and incidentals: $3,000 per year. Minimum wage in 1975: $2.10. Throwing away income taxes for convenience, 1,428 hours of work per year to pay tuition.
Millennial graduating in 2015. Same hypothetical kid.
State university tuition, room, board and incidentals: $25,000 per year. Minimum wage in 2015: $7.25, 3,448 hours of work per year to pay tuition. (That's almost a 70-hour workweek to pay for school.)
So how EXACTLY do Millennials have it better than previous generations?
Note that 2015 prices aren't on this chart. But $25,000 is an accurate number, which I pulled from a run of the mill state university. This also jibes with my first-hand experience paying for tuition while working. I'm part of the last group that could pay for school and graduate debt free. That isn't an option any more.
exactly.......and the difference between success and failure is how well you do all these things when times are tough, complicated or difficult. Everyone faces setbacks........for some that comes before adult life begins, for some in the middle and some towards the end. Its what you do about these setbacks that makes the difference.
Every generation has obstacles. Every individual has their own unique obstacles.
I agree.
What amazes me is that within every generation, you can find people who make excuses - and people who don't. And yet, it never fails - within every generation you can find people who try to make a case against society in general when it comes to their own personal failures.
Take for instance, the "lifespan predictor." Yes - Scoop is right - those born in 1990 DO have a shorter lifespan prediction than those born in 1960. But get this - those born in 1960 have a shorter lifespan prediction than those born in 1940! We're going bass ackwards - and why is that, in light of our medical advances?
Well, line up the obesity rates of those three demographic groups and the issues become clearer. Like I said before, my parents have walked three miles a day for forty years, just to throw in a personal anecdote. My point is, though, that their age group is less likely to be obese. With each different group, obesity and inactivity increase, and the risk of diabetes and other debilitating and deadly diseases increases. THIS is a huge factor, the overriding factor in fact, in shortened lifespan predictions - and it's something that is actually caused more by a life of EXCESS than one of hardship.
Thus proving that you do not understand the premise.
I'm Mr. Bootstrapper. I'm the Alpha Freakin' King of Bootstrapping. My entire life has been one big bootstrapping adventure. But that has absolutely no bearing on the financial outlook of a hypothetical Millennial graduating high school in 2015 compared to a hypothetical Boomer graduating high school in 1975.
Me, the great grand and all-powerful bootstrapper is going to do well in either scenario. That has no bearing on the discussion. And that's why I'm not regaling folks with anecdotes about "Scooter, the Plucky Millennial Realtor." It is contrary to the topic: What are the prospects for Millennials as a generation compared to Boomers as a generation. Boomers had it easier than Millennials. GenX had it easier than Millennials.
Personal stories of triumph (or failure) aren't relevant.
Sure they are. One of the first things I learned about being successful was to look at other people who were successful and adopt some of their methods of achieving success.......whether that is in the area of financial independence, career success, raising children, planting a garden......doesn't matter it works for almost anything.
What amazes me is that within every generation, you can find people who make excuses - and people who don't. And yet, it never fails - within every generation you can find people who try to make a case against society in general when it comes to their own personal failures.
Take for instance, the "lifespan predictor." Yes - Scoop is right - those born in 1990 DO have a shorter lifespan prediction than those born in 1960. But get this - those born in 1960 have a shorter lifespan prediction than those born in 1940! We're going bass ackwards - and why is that, in light of our medical advances?
Well, line up the obesity rates of those three demographic groups and the issues become clearer. Like I said before, my parents have walked three miles a day for forty years, just to throw in a personal anecdote. My point is, though, that their age group is less likely to be obese. With each different group, obesity and inactivity increase, and the risk of diabetes and other debilitating and deadly diseases increases. THIS is a huge factor, the overriding factor in fact, in shortened lifespan predictions - and it's something that is actually caused more by a life of EXCESS than one of hardship.
Haha.........anything we discuss here is a 1st world problem related to excess or the desire for more excess. If it wasn't, we would all be out looking for odd jobs or trying to hock possessions to buy a loaf of bread. BTW I'm sure you and I could trot out a whole laundry list of reasons we should not have achieved success......heck we could just start with being women lol..........there will always be whiners.
Haha.........anything we discuss here is a 1st world problem related to excess or the desire for more excess. If it wasn't, we would all be out looking for odd jobs or trying to hock possessions to buy a loaf of bread. BTW I'm sure you and I could trot out a whole laundry list of reasons we should not have achieved success......heck we could just start with being women lol..........there will always be whiners.
You got that right.
I don't even HAVE a college degree, though I do have about three years of college under my belt. My husband only has an associate's degree, and he came from a very poor family and was raised by a single mother (his father was killed in an accident when my husband was only 6). Like you said, I could come up with a whole laundry list of why we shouldn't be successful. But I'd rather focus on why we ARE successful, and pass those lessons on to our children - and anyone else who will listen.
go to another thread or site-why answer-how did this ad to the convo dude?
Quote:
Originally Posted by todd00
Well boo f'n hoo. Funny you don't mention the number of over 50 professionals with education and experience that can't find a job at all. And there are a number of them struggling to survive. And you think it's wonderful for all over 50? Everyone is rich and happy over 50, give me a barf bag. Man, why do you start this type of thread.
Why answer it if you are not interested? Go to Yelp with others of your ilk.
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go to another thread or site-why answer-how did this ad to the convo dude?
