Moderator: 3ne2nr Mods
bluefete wrote:Well, I ole so I could tell you what I did to survive when I was younger.
LIVE BELOW YOUR MEANS! OR DON'T HANG YOUR HAT WHERE YOUR HAND CANNOT REACH!
People with long eyes does get them jook out!
Sacrifice! Something young people do not seem to know about today.
Opportunity Cost in Economics - What are you willing to give up to get what you need or want?
Talk done.
bluefete wrote:With respect to parents plans:
Having gone through the trauma of probating a will, I have tried to dispose or make provincial arrangements for almost all of my assets.
House, land already drawn up with child(ren) as co-owners BUT nobody getting nutten until wifey and I dead and then some ...
And we have to die from natural causes, eh. No killing me to make it look like suicide.
Some of allyuh children real tusty out here and could barely wait for your parents to croak.
This. Don't waste money consumables....Musical Doc wrote:bluefete wrote:Well, I ole so I could tell you what I did to survive when I was younger.
LIVE BELOW YOUR MEANS! OR DON'T HANG YOUR HAT WHERE YOUR HAND CANNOT REACH!
People with long eyes does get them jook out!
Sacrifice! Something young people do not seem to know about today.
Opportunity Cost in Economics - What are you willing to give up to get what you need or want?
Talk done.
X10000!!!
goalpost wrote:Was having a convo with a buddy of mine who said he has a lot of credit card debt, and while making good money has a large mortgage and not really saving.
So I was just wondering generally how people surviving these days. Pay cheque to pay cheque or do generally people have a savings? If so, what is the savings for? Emergency? Children when they die?
Additionally what are parents' plans (if any) for their children after they die. Are they trying to keep liquid cash for them? Just house and pension?
Just curious as to what we, as adults are doing to survive in the present and also, the future.
dogg wrote:will you be willing to post some details on the procedures?bluefete wrote:With respect to parents plans:
Having gone through the trauma of probating a will, I have tried to dispose or make provincial arrangements for almost all of my assets.
House, land already drawn up with child(ren) as co-owners BUT nobody getting nutten until wifey and I dead and then some ...
And we have to die from natural causes, eh. No killing me to make it look like suicide.
Some of allyuh children real tusty out here and could barely wait for your parents to croak.
pugboy wrote:It is certainly a lot harder to save now with the cost of everything going up and up
A finance guy called Nigel Romano used to write a good article in the guardian in the 90s
I used to follow his advice with saving and making equity investments
saw him walking on Chancellor the other day and I had to stop and thank him.
Ian Narine writes a similar article now in same papers.
I remember when Movietowne first opened, I have friends who would go there 2-3 times a week, hundreds spending each time
movie, food, alcohol after. Yet when you see Chin and he sons walking around they not drinking or eating but they watching everybody whole night.
No way I was doing that.
pugboy wrote:what happens if the bank cards expire ?
goalpost wrote:Was having a convo with a buddy of mine who said he has a lot of credit card debt, and while making good money has a large mortgage and not really saving.
So I was just wondering generally how people surviving these days. Pay cheque to pay cheque or do generally people have a savings? If so, what is the savings for? Emergency? Children when they die?
Additionally what are parents' plans (if any) for their children after they die. Are they trying to keep liquid cash for them? Just house and pension?
Just curious as to what we, as adults are doing to survive in the present and also, the future.
fokhan_96 wrote:This. Don't waste money consumables....
Fancy car
Fancy phone
Fancy gadgets
Fancy clothes
Fancy shoes
Fancy food
Fancy fete
Fancy restaurant
Fancy gyul
Instead spend money on...
House
Education
Healthcare
Retirement
goalpost wrote:So if u have 100k in Unit Trust as emergency funds (liquid cash) an external annuity, company's pension plan & medical plan. All with beneficiaries as my kids. Seems reasonable?
Sounds good except, eff the politians.None of them are any better than the other.Power corruptspaid_influencer wrote:the definition of wisdom is being able to see things in the correct context. I don't claim to be wise but that is a good jump off point for thinking about things. lewwe talk context.
first to begin with, we are living on a shiethole island. if you go into debt to buy a house on a shiethole island, you need to contextualize in your head what you are doing. ideally you should be trying to leave the shiethole, not buying a house on the shiethole.
realize that things are not going to get better on the island. philip trying to fix it and people not only not voting for him (voting keith and kamla instead), but they attacking philip every day. at this point, you have to accept is not just a shiethole, this is a hopeless shiethole.
if you young, your goal should be to leave. use all the resources at your disposal to get out. education away is not that important for undergrad. undergrad everybody teaches the same things (unless you get harvard or MIT or something). go local, get your undergrad become a "bachelor" and then try as all hell to get employment or internships or masters or further education abroad, and get the hell out of the shiethole.
now wisdom is about context. part of being in a hopeless shiethole is that there is no hope for advancement. yes you could have a big house, prado, disposable income, and some good boy would break into your house and rape everybody and kill you out tomorrow. i know a fella with a good education and money and future prospects and he went royal castle at the wrong time and he get kill out. that is part of the island experience.
spend your money to make your happy in the short term. yes plan for the medium term but be aware the deck is stacked against you. inflation devalues your money. saving your 10 cents allowance makes sense if the economy rebounds and you can invest it in wealth creation of multiple oil booms. but we ent in the stage. it have nothing to look forward to. oil done, gas done, climate change is here, biosphere collapse, nuclear war, pestilence, plastics in the groundwater. we on the titanic sinking and you studying to save the last bottle of wine for later. that bottle of wine going to be 1000feet underwater soon so you might as well drink it now
paid_influencer wrote:
first to begin with, we are living on a shiethole island. if you go into debt to buy a house on a shiethole island, you need to contextualize in your head what you are doing. ideally you should be trying to leave the shiethole, not buying a house on the shiethole.
if you young, your goal should be to leave. use all the resources at your disposal to get out. education away is not that important for undergrad. undergrad everybody teaches the same things (unless you get harvard or MIT or something). go local, get your undergrad become a "bachelor" and then try as all hell to get employment or internships or masters or further education abroad, and get the hell out of the shiethole.
spend your money to make your happy in the short term. yes plan for the medium term but be aware the deck is stacked against you. inflation devalues your money. saving your 10 cents allowance makes sense if the economy rebounds and you can invest it in wealth creation of multiple oil booms. but we ent in the stage. it have nothing to look forward to. oil done, gas done, climate change is here, biosphere collapse, nuclear war, pestilence, plastics in the groundwater. we on the titanic sinking and you studying to save the last bottle of wine for later. that bottle of wine going to be 1000feet underwater soon so you might as well drink it now
goalpost wrote:Was having a convo with a buddy of mine who said he has a lot of credit card debt, and while making good money has a large mortgage and not really saving.
So I was just wondering generally how people surviving these days. Pay cheque to pay cheque or do generally people have a savings? If so, what is the savings for? Emergency? Children when they die?
Additionally what are parents' plans (if any) for their children after they die. Are they trying to keep liquid cash for them? Just house and pension?
Just curious as to what we, as adults are doing to survive in the present and also, the future.
Return to “Ole talk and more Ole talk”
Users browsing this forum: No registered users and 266 guests