[dead_battery]

saving - saving is not bad

but imo the saving mentality can be partof the problem

unless you earn over 50k or something you will never be able to save enough to just coast.

cos what are you gonna do with savings? thats right, spend it till its gone.

not saying DONT SAVE just that some people have the mentality that its all they need to do or the ideal they should be aiming for, yet said people will never find themselves in a position where they have enough excess to save anything substantial.

better focus on smarter spending on shit that will last you a lifetime and education and skills.

dont get trapped in the mentality of just cutting away at yourself out of some misguided binge/purge guilt trip.

[!@#$%!]

Originally Posted by dead_battery

symbol just came through, damn.

im gonna post some shit for you later man

this is prob the best of the bunch

thanks! that looks AMAZING! i'm starting a new house off the grid and that should come very handy.

ps- i looked into your watch. it's the al-qaeda watch! ha ha ha. srsly look @ wikipedia on it. most entertaining.

[!@#$%!]

Originally Posted by dead_battery

saving - saving is not bad

but imo the saving mentality can be partof the problem

unless you earn over 50k or something you will never be able to save enough to just coast.

cos what are you gonna do with savings? thats right, spend it till its gone.

not saying DONT SAVE just that some people have the mentality that its all they need to do or the ideal they should be aiming for, yet said people will never find themselves in a position where they have enough excess to save anything substantial.

better focus on smarter spending on shit that will last you a lifetime and education and skills.

dont get trapped in the mentality of just cutting away at yourself out of some misguided binge/purge guilt trip.

saving is good! it has many functions. the first one is to stabilize your finances. because your income goes up & down and it's never guaranteed, or your expenses might fluctuate from month to month, savings provide a cushion for those variations so you never run dry.

people today are brainwashed to spend all the money they get. that is the problem. when they have a small emergency or an inconvenience or they just want something they can't afford, they borrow money from someone else.

they borrow from friends and fuck their friendships, they borrow from family and strain the relationships. they borrow from credit cards and get gouged with interest. they borrow from payday loans and get trapped into a downward spiral of debt. they borrow from title loans and lose their vehicles. they borrow from their home equity and get underwater and end up in the street.

borrowing money is the fucking pits.

borrowing money turns you from a worker into a slave.

when you have savings, you borrow from yourself. you owe nobody, nobody owns you or dictates where and how you can use your money. e.g., for some bank loans, the bank needs to approve your loan, tied to a purchase, they can repo, etc.

if you have savings you have choices. you are free to quit a job. you are free to try a business, or pursue education. you are free to say "no." you are free to move to another place. you are no longer hand-to-mouth, fearing that the boss might wake up with a swollen hemorrhoid and fire you on a whim. savings give you power.

saving is only a start though. the goal is to make money work for you, i.e., investing, which basically means: buying a business or a piece of a business. it's the only way to make good use of capitalism. the problem is, the poors are brainwashed into thinking that investing is beyond their means. too hard/too difficult/ too inaccessible. it's a class problem. so the poor blow their money in gambling, "collectibles," drugs, status symbols, and all manner of nonsense, and remain poor, waiting for a miserable social security check when they are old and broken.

if that could change, and the poors dared to save and invest, and didn't get conned in the process, it would amount to a massive social revolution. all businesses would be employee-owned. capitalism would stand up on its head.

the other thing is that as you get older you get more opportunities to make money. if you have the saving habit then it just kicks in and you can build a sizeable stash and get financial independence. everyone makes 8 bucks an hour at the start. as they acquire skills, they get to charge more. but you can't wait to make more money to change your habits-- change them from the start.

saving is a really good habit. it's only the first step but without it the rest doesn't happen.

to call it by a different name: saving is the ability to LIVE BELOW YOUR MEANS. which puts you on a much safer position than the ones who are waiting for the next paycheck to keep the lights on. it makes a MASSIVE difference in how you relate to money-- namely, it makes you the master instead of the other way around.

[SuchFriendsAreDangerous]

Moral of story, save what you can, find as many opportunities to make $ as are available based on one's own moral compass, invest wisely, spend smarter, and seek balance.

[dead_battery]

Originally Posted by !@#$%!

saving is good! it has many functions. the first one is to stabilize your finances. because your income goes up & down and it's never guaranteed, or your expenses might fluctuate from month to month, savings provide a cushion for those variations so you never run dry.

people today are brainwashed to spend all the money they get. that is the problem. when they have a small emergency or an inconvenience or they just want something they can't afford, they borrow money from someone else.

they borrow from friends and fuck their friendships, they borrow from family and strain the relationships. they borrow from credit cards and get gouged with interest. they borrow from payday loans and get trapped into a downward spiral of debt. they borrow from title loans and lose their vehicles. they borrow from their home equity and get underwater and end up in the street.

borrowing money is the fucking pits.

borrowing money turns you from a worker into a slave.

when you have savings, you borrow from yourself. you owe nobody, nobody owns you or dictates where and how you can use your money. e.g., for some bank loans, the bank needs to approve your loan, tied to a purchase, they can repo, etc.

if you have savings you have choices. you are free to quit a job. you are free to try a business, or pursue education. you are free to say "no." you are free to move to another place. you are no longer hand-to-mouth, fearing that the boss might wake up with a swollen hemorrhoid and fire you on a whim. savings give you power.

saving is only a start though. the goal is to make money work for you, i.e., investing, which basically means: buying a business or a piece of a business. it's the only way to make good use of capitalism. the problem is, the poors are brainwashed into thinking that investing is beyond their means. too hard/too difficult/ too inaccessible. it's a class problem. so the poor blow their money in gambling, "collectibles," drugs, status symbols, and all manner of nonsense, and remain poor, waiting for a miserable social security check when they are old and broken.

if that could change, and the poors dared to save and invest, and didn't get conned in the process, it would amount to a massive social revolution. all businesses would be employee-owned. capitalism would stand up on its head.

the other thing is that as you get older you get more opportunities to make money. if you have the saving habit then it just kicks in and you can build a sizeable stash and get financial independence. everyone makes 8 bucks an hour at the start. as they acquire skills, they get to charge more. but you can't wait to make more money to change your habits-- change them from the start.

saving is a really good habit. it's only the first step but without it the rest doesn't happen.

to call it by a different name: saving is the ability to LIVE BELOW YOUR MEANS. which puts you on a much safer position than the ones who are waiting for the next paycheck to keep the lights on. it makes a MASSIVE difference in how you relate to money-- namely, it makes you the master instead of the other way around.

whoa - lots of wisdom here.

everyone read this.

re- fashionable shit.

you get hooked on this stuff in your youth because your parents/disposable income makes you a target, so everyone hustling makes off you. but when you face the fear and reality of surviving as an adult its time to let go of this stuff.

but it is real fun to buy trinkets and junk and shiny objects as a kid because its beautiful. but this stuff doesnt give you an identity past a certain age.

thats why it becomes very sad to see older people still grasping at some objet petit a through consuming trends. nothing worse than an adult trying to recapture their youth - it never works. there is no contentment to be found in this shit either, unless you are producing it it is not gonna give you much in the way of artistry.

i guess as an adult hyperconformity is a smart move. but more than that, i dress now FOR other peoples perception of my appearance. you get what you need and blend in a lot better looking smart as an adult. the difference in how you are treated is MASSIVE - try wearing a suit.

Originally Posted by symbol

the problem is, the poors are brainwashed into thinking that investing is beyond their means. too hard/too difficult/ too inaccessible. it's a class problem. so the poor blow their money in gambling, "collectibles," drugs, status symbols, and all manner of nonsense, and remain poor, waiting for a miserable social security check when they are old and broken.

this is precisely it.

its hard to deal with reality because noones telling you how to live - and people cant handle that because then they'd have to handle the fact there's no need to live at all. freedom is not what most people really want. instead they seem to want to follow a leader at a safe cynical distance, always ready to disavow. getting caught in bad forms of narcissism that are produced by hustlers with designs on your wallet.

and people know deep down that this stupid trivial shit is a waste of their time, but they still pursue it because it seems like an anxiety release valve or an escape from something worse.

[dead_battery]

also - everything you said about borrowing is so true.

i took a loan of £100 with £14 interest once, because i needed to eat between paycheques. but otherwise i never borrow, its the worst idea of all.

[schizophrenicroom]

yeah, a friend of mine does payday loans all the time then wonders why she's fucking broke come payday

[SuchFriendsAreDangerous]

Originally Posted by schizophrenicroom

yeah, a friend of mine does payday loans all the time then wonders why she's fucking broke come payday

Payday loans aren't typical borrowing, they are predatory.

[!@#$%!]

Originally Posted by schizophrenicroom

yeah, a friend of mine does payday loans all the time then wonders why she's fucking broke come payday

that's right. but just because credit cards are a less extreme form of debt than payday or title loans it doesn't mean that they aren't harmful-- they fucking are.

if you carry a balance in your credit card you have compound interest working AGAINST you. if you have savings/investments you have compound interest working FOR you.

as einstein supposedly said, compound interest is the most powerful force in the universe. whether he actually said that or not, this is true. you want that force working FOR you.

but even if you have no debt, if you're just at 0 net worth, you are at risk of getting into debt if you dont have a cushion of savings and some kind of insurance (if you have enough savings, you can always self-insure).

first save up $1K for emergencies, then pay off your credit cards (but don't cut them up, you need them for things like car rentals, etc). start getting some control of your money right away.

don't start paying off the cards without having an e-fund first. because in case of a money gap you'll use the cards and slide that slippery slope again. get used to operate from cash-- i.e., money that is already yours.

credit cards can be useful IF you can pay them off every month-- but if you're carrying a balance, cards are digging a hole under your feet. cards are bad for people who are prone to impulse purchases.

when i buy something these days i don't put it on a payment plan or a 2-year contract, i don't put in on credit, or get a bank loan. i just save up for it and pay with cash. sweet sweet sweet cash. that way i don't have to suffer a financial hangover after i buy what i want-- it's completely mine and there are no obligations and nobody owns me nor can they take it back.

sure we can't control EVERYTHING, but a little financial stability goes a long way towards good sleep. i swear by this.

start saving right now. right-right-right-now. you can do it online (e.g., ally) or you can do it with a credit union or something like that. just make sure it's not the same bank that has your credit cards because if you fall behind the payments they can pay themselves from it without asking you. oh yeah.

ANYWAY once you have your e-fund and pay off your cards you can increase your e-fund to a 3-6 months living expenses. it's so sweet to be AHEAD of your bills.

then at that point and with your current income you can start a roth IRA which grows tax-free and since you're young compound interest will work FOR you and all you will need in it at that point is an index fund like vanguard which simply tracks the stock market and beats most investors. but you can worry about that later. start getting some control now!

Originally Posted by SuchFriendsAreDangerous

Payday loans aren't typical borrowing, they are predatory.

and yet they are legal. probably because they claim territory previously occupied by loan sharks. debtors will debt. a sucka with no cash will do anything to find it SOMEWHERE. might as well be from a legal outfit.

but regardless-- with ANY debt, your lender OWNS you. fuck debt!

[!@#$%!]

Originally Posted by PLips

but having to pick up wet cigarette butts and smoke them makes it really hard to save money

i thought the butts were free.

wtf happened with the vape?

anyway don't worry about it anymore. you have your vape. don't get stuck on the horror and move forward.

[!@#$%!]

Originally Posted by PLips

its snapping financially as a result of picking wet cigarette butts

my brother told me i have nothing to do with my time except quit smoking

oh, i understand!

well now that you have the vape maybe you can start working again? like DB explained before. that was a good post.

if understood your brother correctly-- he might have a point that if quitting smoking becomes all-consuming other areas will suffer.

you could work while you vape--no?

anyway i must sleep. best wishes getting your house in order!

[schizophrenicroom]

i wish I could even do ally. I owe bank of America two grand and chase a grand.

[Genteel Death]

 

[Genteel Death]

 

[!@#$%!]

Originally Posted by schizophrenicroom

i wish I could even do ally. I owe bank of America two grand and chase a grand.

you can totally pay it off/get rid of it, the first step is to stop adding more debt to it.

EYE SWEAH.

[Genteel Death]

 

[Rob Instigator]

The latest ramblings....


I knew you were there somewhere
with...that's OK
Yes.
God DAMMNIT!
So she's going to...no! That's what happened
An extra space
Oh! She's a sicky-baby!
Ooooohhh, that's authentic
that's interesting
her....
that's interesting
Ha! Isn't that...
There it is!
Allright, so that one's done
Yes!
Marilyn is too good
She sent, OK...let's see, whenever I...
I really was in the middle of something
It's not Jason's that's here on campus, it's Murphy's right? right...

[SuchFriendsAreDangerous]

Rob, you need to go full KG or Colin Crapernick.. here what you want yo

 

[!@#$%!]

Originally Posted by Rob Instigator

The latest ramblings....


I knew you were there somewhere
with...that's OK
Yes.
God DAMMNIT!
So she's going to...no! That's what happened
An extra space
Oh! She's a sicky-baby!
Ooooohhh, that's authentic
that's interesting
her....
that's interesting
Ha! Isn't that...
There it is!
Allright, so that one's done
Yes!
Marilyn is too good
She sent, OK...let's see, whenever I...
I really was in the middle of something
It's not Jason's that's here on campus, it's Murphy's right? right...

since this appears unavoidable... what would be a cool mental kung-fu (for real, i'm not fucking with you, this is 100% in earnest) is if you start paying attention to what your mind does when she says those things. that way you're no longer watching her, but watching inside your head. and then see what happens.

[SuchFriendsAreDangerous]

I say if you can't beat em joim em, become equally distracting and annoying in instigator ways