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OpticalShot
Canada6330 Posts
As I make more money I desire more money! I spend money, I need money. Money money money! Between checking my bi-monthly payment statement and having a 4-piece meal @ KFC with coleslaw and coleslaw (yes, I get two coleslaws for my choice of two sides)... I honestly feel happier tasting the 18 spices and herbs. | ||
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Grovbolle
Denmark3811 Posts
On February 09 2012 17:11 thedeadhaji wrote: But what if we had tons of money? What would be different? We'd still be able to get all those material things, but would no longer have to trade in our time to get them. Wrong, the basic laws of economy say that if everyone has tons of money, then the value degrades. Money are desirable because they are scarce (in a sense) | ||
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Teoman
Norway382 Posts
I would say that money are just exange for services/time or something, the problem lies in that we have become so obsessed with it that we often value it higher than the things we buy with them If it was up to me, i would remove money on a "survival scale" as in buying food, homes and stuff. Then rather make it only for "consumer" objects, such as fancy clothes, plasma tvs, plasma cannons and such :D | ||
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eohs
United States677 Posts
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Glacierz
United States1245 Posts
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matiK23
United States963 Posts
Would you be happier if you had all the money in the world but never the time to appreciate it? Or the freedom of time to do whatever you want but not be paid very well? I think I prefer time over money because I could live without fancy clothes/cars as they don't define me. Sure, going to exotic places can be nice, but i can have an equal amount of joy by going to a basic destination such as a diner, as long as its a good time. However, there are spoiled rich kids who have the best of both worlds and possibly unhappy still. So I think "happiness" is just a state of mind and people always a choice to be happy, despite how good or bad one's financial situation is. | ||
thedeadhaji
39489 Posts
If you get into a situation where you have no choice but to have to spend X dollars per month (on paying back loans, or even just the basic necessities for your family), you've enslaved yourself to your monthly loan payments, and you have no such thing as freedom anymore. As people have said in the replies, you're enslaved to money and enslaved to a job. You're stuck. The opposite state from this would be one where you're firmly in the black, and you actually have a choice to not work. I imagine that most people here are actually in the latter state, since people on this forum tend to be young and haven't made any deep financial commitments yet. This is quite frankly a powerful position to be in. | ||
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mOnion
United States5657 Posts
On February 10 2012 01:49 thedeadhaji wrote: Your average 40 year old worker with a mortgage, car loan, 2 kids and a wife is so deep in the red with respect to financial balance, that he is scared shitless of losing his job. Absolutely terrified. He can't afford to not work, and cannot afford to risk doing anything that would jeopardize his job, because he has traded in his time in advance for a cash advance. If you get into a situation where you have no choice but to have to spend X dollars per month (on paying back loans, or even just the basic necessities for your family), you've enslaved yourself to your monthly loan payments, and you have no such thing as freedom anymore. As people have said in the replies, you're enslaved to money and enslaved to a job. You're stuck. The opposite state from this would be one where you're firmly in the black, and you actually have a choice to not work. I imagine that most people here are actually in the latter state, since people on this forum tend to be young and haven't made any deep financial commitments yet. This is quite frankly a powerful position to be in. this is wrong but I'm about to take a test, brb 40yr olds can plan to allocate income across all expenses, while still having money for discretionary spending and investing for the future. young people on this forum tend to be in college and therefore have a ton of debt with little asset accrual, so we're aiming to take risks to accumulate our wealth now, until we get to the 40yo age you mentioned, whereupon we will enter a conservative state. | ||
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Melchior
United States112 Posts
On February 10 2012 01:53 mOnion wrote: this is wrong but I'm about to take a test, brb 40yr olds can plan to allocate income across all expenses, while still having money for discretionary spending and investing for the future. young people on this forum tend to be in college and therefore have a ton of debt with little asset accrual, so we're aiming to take risks to accumulate our wealth now, until we get to the 40yo age you mentioned, whereupon we will enter a conservative state. I'd say his general sentiment about ability to take on risk stands, though. There's no better time to quit your job, start your own company, or just do whatever you want than the years after college when you're still unmarried and without kids. Regardless of what you do with it, you have the choice available to you; once you settle down, it's a lot harder to take those risks. Money now is generally worth more than money later, as well, so it's not necessarily a bad thing to be in debt when you're young. Your money's perceived utility to you is also greater (assuming your earning power goes up over time), so some people actually suggest keeping your actual expenditures flat throughout your life (borrowing when you're young) if you're trying to maximize your money's utility. | ||
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Hidden_MotiveS
Canada2562 Posts
On February 09 2012 19:46 Cubu wrote: pretty sure everyone knew they could achieve freedom from having enough money not to work. The end goal of his blog was just to complain about people who spend too much money on nonessentials though. I think his statements are too broad and that things should be taken on a case by case basis. | ||
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Br3ezy
United States720 Posts
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BrTarolg
United Kingdom3574 Posts
I get home at 7:30pm I do it 5 days a week, no holidays And i do this cause i love trading, and i want to make a SHIT TON of money  | ||
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Thombur
95 Posts
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-Kaiser-
Canada932 Posts
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thedeadhaji
39489 Posts
On February 10 2012 04:42 Hidden_MotiveS wrote: The end goal of his blog was just to complain about people who spend too much money on nonessentials though. I think his statements are too broad and that things should be taken on a case by case basis. Yeah, I think I should have done a better job at emphasizing this  Needed a sentence or two somewhere in the latter half of the entry. Will try again with another entry on money soon where I'll hopefully do a better job at not getting yourself into a position where you have no choice but to sell off your time in order to get money. | ||
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Venus.exe
United States285 Posts
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