the poor spendthe middle-class savethe wealthy invest.
the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.
they blow it on useless tat.
I think times change though. Government bonds that are supposedly "safe" right now seem more like a guaranteed way to lose money.
Honestly, I know the theory, but nothing beats the massive gains ... even if you lose some when the market falls, you were much further ahead in the first place so still come out ahead.
I think the 60/40 stock/bond split all all the variations (100 - your age in bonds) are all part of the system that the financial industry uses to make money.
the poor spendthe middle-class savethe wealthy invest.
the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.
they blow it on useless tat.
Consider the custodian/janitor versus the horsey set. I wonder if I won lotto would I really buy a rolls, have a butler, or even know how to behave
Most people who come into sudden wealth don't change their taste, they buy more of the things they already wanted to buy. Effectively turning their current lifestyle up to 11.
There are many things that I wouldn't buy, even if I could, because I see no inherent value in them. I wouldn't want a 50,000 sq ft house, because it just wouldn't suit my lifestyle ... but a comfortable amount of space so I can have a room for whatever hobby? Sure, why not.
The bottom line is that people who are reckless with money who suddenly acquire a lot (e.g. a lottery win) just waste it, because that is what they have always done with their money. Other people would save and / or invest because they was what they did when they has more modest amounts.
the poor spendthe middle-class savethe wealthy invest.
the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.
they blow it on useless tat.
The middle class doesn’t understands how investment works or even how or where to invest, or the middle class may not want to take the risk and feel it safer to save but given the opportunity, they may invest.
Too many people "invest" in the products that the finance industry has created to extract them from their money. What appear to be low fees can really eat away a huge proportion of your investment growth - the finance industry gets rich, you just get by.
Well worth a watch:
the poor spendthe middle-class savethe wealthy invest.
the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.
they blow it on useless tat.
Also, personal finance has never been part of the high school curriculum, even though it should be!
This. It's the criminal negligence of the entire "education" industry. They spend untold time teaching kids valueless drivel that will be of zero benefit to them. A hour learning about the key fundamentals of navigating the world of finance would be worth a whole year of all the rest of the subjects combined.
The vast majority of teaching and education is garbage, and teachers the most overpaid useless child-minders the world has ever known.
so anointed ones go to heaven and rule with christ.
men and women on earth can be of the anointed.
so does that mean woman are tranny's who are of the anointed?
There is no gender in heaven
... but the angels all fancied Women and came to earth to womanize (if you believe the fairy stories)
the poor spendthe middle-class savethe wealthy invest.
the unique circumstances of the lockdown and stimulus checks has highlighted these differences in stark ways.. on one hand, you have jumps in sales and valuation of companies like foot locker and nike, as people spend their "free" government money on sneakers.
they blow it on useless tat.
"Money can't buy happiness" is so misunderstood and often misused.
The poor use it as a kind of "well I didn't want it anyway" sulk - y'know like "bitter (not bitter)"
The rich use it to diminish the real value of it, to take the heat of themselves, insinuating that they are not happy (if they are not, having money is unlikely the source of it).
The reality is that money can't buy happiness but it can buy all the things you need to be happy, and especially avoid the stress and worry about money that often makes people unhappy.
my in-laws are two such people.
people who pioneered and did not work and try to save, instead they made just enough to get by and waited for the end to come.
now my mil is in palliative care and the state is paying for her keep, my fil lives in a dilapidated home and can not keep it up.
All these fiscally reckless people potentially end up being a burden on relatives - so even those who didn't fall for the WTS baloney end up being impacted by it
proverbs 26:4. do not answer a fool according to his folly,.
proverbs 26:5. answer a fool as his folly deserves,.
that he not be wise in his own eyes.
The proverbs are not "my" proverbs
So you didn't write the bible then? Well duh ...
Whatever point you think you're making, it boils down to the bible being a badly written book full of contradictions.
You want us to look for value in those contradictions or debate whether they exist or not? It seems pretty clear to me that they do.
Jumping to a completely different bible verse is neither logical nor addresses the topic, but it is a frequent tactic of the bible-thumpers who again think that liberally sprinkling bible quotes and references somehow says something about anything.
You can make any book say anything you want by doing that.
did it really happen?
i keep seeing it on twitter .... did biden really ... have a bathroom accident ... in the vatican?.
And Google has blocked Poopy Pants Biden from being auto-filled or popping in the suggestions and both Facebook and Twitter are hiding the number 1 trend unless you actively search for it.
As soon as the media companies start running cover for something, you know it's real.
Whether it's his sons laptop and drug escapades or his shitty kecks - if they are trying to cover it up then it's a stamp of "real".
How embarrassing it must be to have him as a nations leader.
proverbs 26:4. do not answer a fool according to his folly,.
proverbs 26:5. answer a fool as his folly deserves,.
that he not be wise in his own eyes.
So let me get this straight, you don't want to debate any particular topic, you want to debate about debating itself?
Sounds like a waste of time to me and both of your proverbs make a huge assumption - that the other person is always the fool, and never you.
Maybe focus on specific topics, using facts and logic, and less of the mumbo-jumbo bible philosophy that tries to be profound but if you think about it is just self-contradictory gibberish.
