EPTHis electoral maps just look harder and harder even if he tightens the race again.
US Politics Mega-thread - Page 4699
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TheTenthDoc
United States9561 Posts
His electoral maps just look harder and harder even if he tightens the race again. | ||
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brian
United States9642 Posts
On August 11 2016 04:13 IgnE wrote: Wow what? You know credit is the foundation of today's economy right? wait so for this you are selling credit as something you're into, but for the $10k water pump you find it impossible to afford and also contribute to a 401k and want us to buy that too? apologies if I missed sarcasm somewhere. I'm having a hard time keeping up tbh. | ||
Liquid`Drone
Norway28809 Posts
On August 11 2016 04:08 Gorsameth wrote: Kwark's point is very simple. You cannot spend money you do not have. And your pension (in the form of a 401k), for all intents and purposes is money you do not have (right now). Yeah, it's a simple point to make, but it fails to address the pressing situation of 'I absolutely need to fix this right now'. Like, if this was the 'take personal responsibility megathread', kwark's posts would be entirely on point. But 'take personal responsibility for yourself and your future' is not a viable policy suggestion because we have a whole lot of empirical evidence suggesting that people at large are either incapable of or unwilling to fully take personal responsibility for themselves - at least unless they have the necessary education/knowledge/mental aptitude/discipline. (Where I am personally of the opinion that people cannot be personally blamed for their lacking education/knowledge/mental aptitude or discipline). Large swaths of the population can't ask friends or family for 5-digit dollar numbers and don't have that type of money saved up as dispensable money. I mean, extending the argument that your ultimate goal should be to build as much capital for the future post-work society then why have any money not tied into long-term investments anyway? Is it okay to spend $30k on fixing your roof if you have $80k, but not if you have $40k? Basically to me this sounds like someone having a logically well founded philosophical theory on how people should best spend their money but that they lack the necessary insight in either people's financial situations and life situations and mental dispositions to relate to actual problems real people might encounter through their actual lifetimes. | ||
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Plansix
United States60190 Posts
On August 11 2016 04:21 brian wrote: wait so for this you are selling credit as something you're into, but for the $10k water pump you find it impossible to afford and also contribute to a 401k and want us to buy that too? apologies if I missed sarcasm somewhere. I'm having a hard time keeping up tbh. He is making a comment that the economy pushes people to borrow money short term, rather than save it. Currently consumer grade finical instruments are heavily geared toward easy access to lending over other services. | ||
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Gorsameth
Netherlands22419 Posts
On August 11 2016 04:13 IgnE wrote: Wow what? You know credit is the foundation of today's economy right? So borrow money to repair your pump and don't touch your pension... | ||
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WhiteDog
France8650 Posts
On August 11 2016 04:27 Gorsameth wrote: So borrow money to repair your pump and don't touch your pension... Tell that to americans... the bottom 90 % of the population used to spend 110 % of their income before the crisis. You guys live in a fairy land. | ||
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On_Slaught
United States12190 Posts
On August 11 2016 04:20 TheTenthDoc wrote: So much for Trump managing to excel in the Rust Belt. His electoral maps just look harder and harder even if he tightens the race again. He was already at an electoral disadvantage before the race began. Turns out running the worst major party campaign in history doesn't help your odds. Remember when Trump attacked Romney for running a bad campaign? Pepperidge Farm remembers. | ||
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brian
United States9642 Posts
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Gorsameth
Netherlands22419 Posts
On August 11 2016 04:24 Liquid`Drone wrote: Yeah, it's a simple point to make, but it fails to address the pressing situation of 'I absolutely need to fix this right now'. Like, if this was the 'take personal responsibility megathread', kwark's posts would be entirely on point. But 'take personal responsibility for yourself and your future' is not a viable policy suggestion because we have a whole lot of empirical evidence suggesting that people at large are either incapable of or unwilling to fully take personal responsibility for themselves - at least unless they have the necessary education/knowledge/mental aptitude/discipline. (Where I am personally of the opinion that people cannot be personally blamed for their lacking education/knowledge/mental aptitude or discipline). Large swaths of the population can't ask friends or family for 5-digit dollar numbers and don't have that type of money saved up as dispensable money. I mean, extending the argument that your ultimate goal should be to build as much capital for the future post-work society then why have any money not tied into long-term investments anyway? Is it okay to spend $30k on fixing your roof if you have $80k, but not if you have $40k? Basically to me this sounds like someone having a logically well founded philosophical theory on how people should best spend their money but that they lack the necessary insight in either people's financial situations and life situations and mental dispositions to relate to actual problems real people might encounter through their actual lifetimes. If you go deeper you just go into "why do you own a house without connection to the water mains if you cannot afford to fix a broken pump" or 'why are you not renting so its someone else's cost to pay". Unexpected expenses happen. Its what we have insurance for. | ||
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IgnE
United States7681 Posts
On August 11 2016 04:21 brian wrote: wait so for this you are selling credit as something you're into, but for the $10k water pump you find it impossible to afford and also contribute to a 401k and want us to buy that too? apologies if I missed sarcasm somewhere. I'm having a hard time keeping up tbh. I'm not surprised you aren't keeping up based on your past posting history. But I'm not advocating credit so much as describing its irreplaceable role in the economy. The practical question you might want to ask is whether it's better to borrow $10k to fix the pump or crush your 401k. | ||
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Plansix
United States60190 Posts
On August 11 2016 04:33 Gorsameth wrote: If you go deeper you just go into "why do you own a house without connection to the water mains if you cannot afford to fix a broken pump" or 'why are you not renting so its someone else's cost to pay". Unexpected expenses happen. Its what we have insurance for. Home owners insurance doesn’t cover well pump failure. I would love if they did. They really should, those things last 30 years. On August 11 2016 04:35 IgnE wrote: The practical question you might want to ask is whether it's better to borrow $10k to fix the pump or crush your 401k. Its better to borrow, but you need someone to lend you the money. And in the case that brought that up, it was 45K of surprise expense in the span of 2 months. | ||
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OtherWorld
France17333 Posts
On August 11 2016 04:17 WhiteDog wrote: It's 100 %, even more depending on your grade and the type of competitive exam you passed, the number of extra hour you make and where you teach. At the university level, it's 12 hour a week, and in "classes préparatoires" it's 9h. It's specific to teacher, we have the highest life expectancy in the country, we're parasite. Aren't hours of "lesson preparation" counted as work though - and thus paid -, up to some point (at least at university level)? | ||
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brian
United States9642 Posts
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IgnE
United States7681 Posts
On August 11 2016 04:35 Plansix wrote: Home owners insurance doesn’t cover well pump failure. I would love if they did. They really should, those things last 30 years. Its better to borrow, but you need someone to lend you the money. And in the case that brought that up, it was 45K of surprise expense in the span of 2 months. You think a bank makes a loan to Joe Six Pack at a low interest rate to fix his water pump? Do you think 10k plus penalties in your 401k outpaces interest on a credit card? | ||
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Deathstar
9150 Posts
With regards to paying off mortgages and other loans, you're only getting older. Your youth will be the past and your life will only degenerate over time. Focusing so single mindedly on min maxing your money seems almost masochistic. Why do you even live? Your ideology seems like some frugal living style you hear on the news in which a middle class person saves up 1M+ by the time he dies while living a monk lifestyle. If you make 500k+ a year you have many options you can pursue simultaneously but if you make less than 100k individually, which is the case for almost everyone, I really think you should be focusing on enjoying what you have and thinking about how to raising your income rather than focusing so much on retirement. It's easier to save money when you have more of it. | ||
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WhiteDog
France8650 Posts
On August 11 2016 04:36 OtherWorld wrote: Aren't hours of "lesson preparation" counted as work though - and thus paid -, up to some point (at least at university level)? Well it's a bizarre thing, I have a salary for my status not for the hour I work. In this status it is said that I must teach 18h per week before kids, but I have other obligation that takes times (correcting copies, prepare lessons, etc.) and I am only paid for 10 month, which are divided in 12 month due to the two month of holidays in july and august. | ||
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Liquid`Drone
Norway28809 Posts
On August 11 2016 04:27 Gorsameth wrote: So borrow money to repair your pump and don't touch your pension... But people who have no disposable money other than their pensions will rarely be able to get good conditions on loans? I'm no expert here - but it's my impression that the 'get a $10k loan today no security required' loans usually have pretty hellish conditions, and then someone living on median or slightly below median wage might 'need' something like 2 years to actually save up $10k. And then when I'm looking online at 'get 10k loan with bad credit' I'm being linked to pages where they're offering instant loans of a couple thousand dollars, all they want is 20% of the sum as a one time fee and 4% of the loan sum every month. And sure, it's still preferable to touching your pension, but this seems to be one of those ways lots of people who economically find themselves in the bottom half of society end up being totally totally fucked, especially if they happened to be slightly financially irresponsible in the first place- which is true for many people. | ||
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IgnE
United States7681 Posts
On August 11 2016 04:38 brian wrote: lol that unbased personal attack and I love it. if it's a question, practically, that I need a water pump so badly that I can't wait for the insurance check to come in or save up the 10k, then yes, you borrow? See, I said based on your posting history. It's entirely well-founded. But logic isn't your strong suit. I know this based on your posting history. | ||
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Plansix
United States60190 Posts
On August 11 2016 04:39 IgnE wrote: You think a bank makes a loan to Joe Six Pack at a low interest rate to fix his water pump? Do you think 10k plus penalties in your 401k outpaces interest on a credit card? We can get a loan for 10K, no problem and yes. The 10K repairs was not the source of struggle in the example, it just contributed to it. | ||
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IgnE
United States7681 Posts
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