The American Dream Is Slowing Down
07-12-2007 | 09:26 PM
#31
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From: 767A (Ret)
07-13-2007 | 02:45 AM
#32
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From: HMMWV in Iraq
I was just giving you a bit of friendly advice. There is no need to be antagonistic and use four letter words. And I didn't make up that rule; it's been around for a very, very long time, and there's a reason for its existence. I am not saying your situation with your estate falls into its purview. I am merely suggesting you ask your lawyer because many do not understand the rule and draft incorrectly, which causes problems in the future.
07-27-2007 | 11:55 AM
#33
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From: Citation
Blackhawk, interesting comment about our "needs" of today.
I was talking with a buddy of mine and we hit on this too.
60 years ago we didn't have... Internet, cable TV, cell phones, satellite radio, iPods, GPS for our vehicles, xbox live, etc.
What i'm getting at is we have additional expenses today as a result of technology. But yea, i definitely agree with you about more jobs being created today and the higher QOL.
I was talking with a buddy of mine and we hit on this too.
60 years ago we didn't have... Internet, cable TV, cell phones, satellite radio, iPods, GPS for our vehicles, xbox live, etc.
What i'm getting at is we have additional expenses today as a result of technology. But yea, i definitely agree with you about more jobs being created today and the higher QOL.
I had a similar thought. If anything hurts our personal financial situations today, it is the availability of easy credit. Combine that with the instant gratification tendencies of today's Americans and you get massive credit card debt. Repayments on this debt take up a large part of many people's disposable income.
And much of this debt results from things that we want, but don't need. Dinners out, movies, computers, ipods, fashionable clothes. This is the stuff that we risk our retirement incomes and homes for.
07-27-2007 | 12:01 PM
#34
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From: Citation
I agree. Much of what the "greatest generation" contributed had much to do with the work they had to do... making it through a depression; nothing like fighting in a war to help you figure out what is important.
Things are easier today than they have ever been (unless you are in Iraqistan); yet we complain about how hard things are.
Things are easier today than they have ever been (unless you are in Iraqistan); yet we complain about how hard things are.
From JFK's time, we now are at, "Ask nothing of me for my country, but ask me what my country can do for me."
07-30-2007 | 04:18 AM
#35
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I had a similar thought. If anything hurts our personal financial situations today, it is the availability of easy credit. Combine that with the instant gratification tendencies of today's Americans and you get massive credit card debt. Repayments on this debt take up a large part of many people's disposable income.
And much of this debt results from things that we want, but don't need. Dinners out, movies, computers, ipods, fashionable clothes. This is the stuff that we risk our retirement incomes and homes for.
And much of this debt results from things that we want, but don't need. Dinners out, movies, computers, ipods, fashionable clothes. This is the stuff that we risk our retirement incomes and homes for.
Movies - once a month. The rest of the time I enjoy my netflix..
No Ipod...No new computer...All my shopping is done at Marshalls...
I hope in the long run this frugality pays off...
_LAFF
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