Economy

[LiL stumppy]

Forgive me, I am a total n00b when it comes to this stuff. I quit my job a few months ago (bad idea) and now can't find part time work anywhere. I see everywhere people are taking pay cuts or are getting let go because of the economy. What make an economy bad? I always thought that if people were spending money then everything is good. So why can't people spend more money? Is it the fact that food and everything is getting more expensive?

Please no politics involved.

[ShortRoundChief]

Originally Posted by Guru

Just did his calculator. My personal plan came to the exact same amount as his suggested plan. Guess we do agree.

you should read his book its great

[Calcountry]

Originally Posted by LiL stumppy

That's what I always though, that it was a type of self fulfilling prophecy. We keep saying it's bad so people get go into freak-out mode, whether it's really bad or not.

The best advice I can give you is to live within your means, good times or bad. Serve others as you would like to be treated, and you will do well in any economy.

[Calcountry]

Originally Posted by Guru

Don't know who this Ramsey is but sounds like somebody I would probably agree with.

Credit is a good thing if used right. Unfortunately there are too many people that just plain should not be allowed to have it. Including the government.

lmao, Dave Ramsey for Secretary of the Treasury.

[Skip Towne]

Originally Posted by bunnytrdr

lmao, Dave Ramsey for Secretary of the Treasury.

I want to be Secretary of Commerce. It should be an easy job now that there isn't any.

[Calcountry]

Originally Posted by Mr. Flopnuts

This. People living outside of their means and not honoring their word. In other words, not paying their bills. The money that they borrowed and promised to pay back. We live in a society of finger pointing, and blame shifting. If more of us took a look in the mirror and focused more on that which we had control over, we would be much happier individually, and collectively.



Edit: IMO A lot of people should've never had loans to pay back. They should've never borrowed it in the first place. I assume that goes without saying, but I try not to assume people can read my mind.

I saw a woman and man, with the man staying almost completely silent during the interview, whining about losing all of their money to that Madoff fool.

The government guy, kept reading off what he could do and she kept bitching that where was he when this fool was swindling her, as if she had absolutely no culpability for not doing any due dilligence on her own. She had that big victim card, the tv, and baby was she going to shout her hotflashes all over the screen, as if that were going to get her one cent tomorrow.
Don't put all your eggs into one Bernie Madoff basket. Oldest rule in the book. These people thought they were worth 1.6 million dollars, retired early, and were living the good life for the past 4 years. They really weren't woth 1.6, because that is what Bernie's statements told them, but hey, at least they got to live the good life for the last 4 years off of redemptions he had to pay in order to keep the scheeme going.

They want that 1.6 to be posted back up, but it ain't gonna happen unless they can come up with statements showing the hard currency going in, or securities statements. The broad had the nerve to say, we don't have statements and was screaming at the SIPC agent as if he were to blame for this.

I feel your pain lady, but damn, it wasn't his fault you got bent over.