How can so many people be in debt.

[Aztech]

Originally posted by: Skoorb
Good question, but I'm basically tired of finding the answer to it, so I just lump it all into the general malaise and stupidity that most of the population embraces. As time goes on I realize that my superior approach to life is just not something the average brain-dead clown can appreciate, so while I'm using standards and intelligence applied to my life, the average joe is using a dumbed down view of the world with a weakened mental capacity applied to his. The result is anything from obesity to habitually making the same wrong choice in relationships to incurring too much debt, etc.

Truth at last! I read through all the posts and I can't believe how the OP has been flamed about this. Obviously most people aren't reading through the thread because they continue to flame him about the "poor" statement when he already admitted that it was a poor choice of words. Get over it!
Now, let's get to the heart of the matter. I agree with Skoorb that most of these responses are here because the posters are the ones that don't understand money or they are jealous that this guy and his family actually save up for items and don't have to shoulder the stress of bad debt. Now, I do believe that paying for a house in cash is over the top as this is good debt in that you're borrowing on something that gains value. But everything else, except maybe cars, should be paid in cash from a fiscally responsible point of view. Face it, consumerism is the order of the day in the US and bankruptcies are at an all-time high. People only think about affording the monthly payments on things and then live paycheck to paycheck until they lose their job and have nothing saved up. But gluttonous fools will be in for a rude awakening sooner or later.
His parents are frugal and there's nothing wrong with that. If you read "The Millionaire Next Door" you will learn that the majority of the rich in America live simply. You wouldn't know they were rich from the houses they live in or the cars they drive. They save and what you have in the bank is what determines if you're rich or not.

 

[Gooberlx2]

Someone bookmark/remember this thread, 'cause the next time someone posts another "most ownage" thread, this needs to be dug up.

 

[Engineer]

Originally posted by: mwtgg
You are so full of sh[/b]it that it's pathetic.

Spend more than you take in or need something more quickly than you can save for it = debt.

Ask the government, they're very good at it!

 

[jagec]

Originally posted by: Skoorb
Good question, but I'm basically tired of finding the answer to it, so I just lump it all into the general malaise and stupidity that most of the population embraces. As time goes on I realize that my superior approach to life is just not something the average brain-dead clown can appreciate, so while I'm using standards and intelligence applied to my life, the average joe is using a dumbed down view of the world with a weakened mental capacity applied to his. The result is anything from obesity to habitually making the same wrong choice in relationships to incurring too much debt, etc.

you know, I was going to flame you for being elitist, until I realized I agreed with you on all points

 

[MySoS]

I just check my SAR for the first timeon FAFSA website. My parents are lower middle class. They gross income for both of them combined is only around 28,000. That is not middle class.

 

[FlyLice]

Originally posted by: MySoS
I just check my SAR for the first timeon FAFSA website. My parents are lower middle class. They gross income for both of them combined is only around 28,000. That is not middle class.

Then how the hell did they pay cash for 2 cars and a $15,000 roof?

How the hell can 2 people gross $28,000. One of your parents must get cash under the table.

 

[MySoS]

Originally posted by: FlyLice

Originally posted by: MySoS
I just check my SAR for the first timeon FAFSA website. My parents are lower middle class. They gross income for both of them combined is only around 28,000. That is not middle class.

Then how the hell did they pay cash for 2 cars and a $15,000 roof?

How the hell can 2 people gross $28,000. One of your parents must get cash under the table.

Maybe they saved up. Think about that. It is very possible to gross 28,000.

 

[randal]

28k, yet bought a 100k house in 5 years -- not counting inflation over 20 years! Do the math. 15k roof, 4 cars (insurance, anybody?), tuition & books? On 28k year? You're so full of sh|t that I can smell it from here -- and I'm in Colorado!

edit - if one of them is working AR at a local business in /Sacremento/, I *Guarantee* you that person alone is grossing more than 28k.

 

[Gooberlx2]

Originally posted by: MySoS

Originally posted by: FlyLice

Originally posted by: MySoS
I just check my SAR for the first timeon FAFSA website. My parents are lower middle class. They gross income for both of them combined is only around 28,000. That is not middle class.

Then how the hell did they pay cash for 2 cars and a $15,000 roof?

How the hell can 2 people gross $28,000. One of your parents must get cash under the table.

Maybe they saved up. Think about that. It is very possible to gross 28,000.

That's crap. to gross 28K a year for BOTH parents, then each is making less than $7/hr (assuming it's split evenly and they're working 40hrs/wk, 52wks/yr). Given the work that unions have done I can almost gaurantee that there is no such thing as a janitor making a mere $7/hr.

...much less one that, along with an equally *under*paid spouse, has provided for two kids + cars + house + house's roof + general living expenses like food, bills, gas, etc.

So you're either wrong, lying, or your 'rents are part of some "family business".

 

[MySoS]

Mistake, I read the SAR incorrectly. Father income was 28,000 mother income is 45,000. The gross income was actually 62,000 so they are middle class I guess. The information was next to each other and I read the wrong line. 28,000 was the actually in the line for father income.

 

[Freaknificent]

Originally posted by: WhiteWonder

Originally posted by: MySoS
How can so many people be in debt

Chicks

Co-Sign....

 

[randal]

Originally posted by: MySoS
Mistake, I read the SAR incorrectly. Father income was 28,000 mother income is 45,000. The gross income was actually 62,000 so they are middle class I guess. The information was next to each other and I read the wrong line. 28,000 was the actually in the line for father income.

OMFG you are in college !? WOW that's $73,000. Holy sh|t, this thread gets more and more incredible! Do you have to eat crap every morning to keep up the quota or something?

Wow. Just wow.

 

[BlueWeasel]

28K + 45K != 62K

How in the world are you getting 62K from the sum of 28K and 45K?

You're an idiot.

 

[MySoS]

Originally posted by: randal

Originally posted by: MySoS
Mistake, I read the SAR incorrectly. Father income was 28,000 mother income is 45,000. The gross income was actually 62,000 so they are middle class I guess. The information was next to each other and I read the wrong line. 28,000 was the actually in the line for father income.

OMFG you are in college !? WOW that's $73,000. Holy sh|t, this thread gets more and more incredible! Do you have to eat crap every morning to keep up the quota or something?

Wow. Just wow.

Gross income is only 62,000 not 73,000 you can't just combine their incomes like that. Second 62,000 is middle class.

 

[MySoS]

Originally posted by: BlueWeasel
28K + 45K != 62K

How in the world are you getting 62K from the sum of 28K and 45K?

You're an idiot.

No I am not. You are an idiot. Gross income =! the sum of the both parents income. There are things which can lower it.

 

[bapace]

They are stupid with their money. Plain and Simple.

 

[randal]

Originally posted by: MySoS

Originally posted by: BlueWeasel
28K + 45K != 62K

How in the world are you getting 62K from the sum of 28K and 45K?

You're an idiot.

No I am not. You are an idiot. Gross income =! the sum of the both parents income. There are things which can lower it.

Hey, guess what, they have a name for that -- it's called net! OMFG Net income! Gross is the sum of all income before /any/ reductions. Net is usually take home. How they're netting 62k off of 73k, I'd like to know because that means they're only losing ~13% which is really low.

Do you own a dump truck? I think you'd need it for the amount of sh!t you spew. And I /really/ don't believe you're in college. There is no way, unless it's the College For Fscking Idiots.

 

[FleshLight]

Didn't read past the first 50 replies.

This is MYSOS's idea of being poor:

WTF the casket for my grand mother funeral alone cost 10,000. That doesn't inlcude the price of the giant stop block that goes on top the casket which I beleive was around $20,000. Next comes the cost of the land which wasn't cheap either. Her funeral was around $120,000. My god $5000 seems so cheap and tacky.

Obviously his family must be struggling to put food on the tablee.

 

[shuan24]

your parents are in the asian mafia. Ever wondered what happened to your neighbors?

Living in Sacramento on a 62K combined "gross" income raising at least 2 kids with 4 cars would be considered poor. You're right.

Too bad they make more than that and you're full of sh!t. Try again. Game over.

/thread

 

[SCSIfreek]

I just read thru most of the crap wrote by MYSOS. If your parents brings in 62K net income from a 73K gross income, you're basically cheating on the government. Federal Tax alone should be at least 25% of the gross income , not to mention about DIS, SSN and state tax.

I honestly think you should re-write this thread or just sum up all this sh!t up with one sentence.

"My parents knows how to save their money" or better yet "My parents put false information on their tax return so we could afford 4 cars, a new roof and pay everything with cash $$$$"

Just to let MySOS know, your parents ain't poor but they sure did rised a stupid kid.

 

[Babbles]

Originally posted by: FlyLice

Originally posted by: Babbles
Depends on your family background and your environment. My parent's did not have a lot of money so I was strapped for cash in college. Had to work my butt off and I still hardly had money to eat so out came the credit cards.

I will straight up and admit I had very poor financial skills. I did fall into that credit card trap of play now and pay later.

I blame college!

LOL "credit card trap." You gotta love how people will blame credit cards and not themselves for their lack of self control. In Babbles' case you were not "trapped." You are lucky that in this country anyone can get a credit card so that if you are strapped for cash you can borrow money instantly and pay it back later. Imagine the drop in crime because people carry less cash now for the convenience of the credit card? How many times were you strapped for cash but a CC bailed you out?

You are almost as dumb as the OP.
I straight up said I brought out the credit cards when I lacked cash, so why in the hell are you asking some sort of meaningless rhetorical question.
Also, I never blamed the credit cards. Reread what I wrote, I admited I had very poor financial skills. I made some dumb decisions.
Jesus Dimwit Christ I admitted I screwed up and then you make some "no duh" questions which I preemptively answered.

Then again you been an ATOT member for a couple of days now and already managed to come off as a fool. Please save yourself from future embarrassment and delete your account.

=======================

Back to the OP, doesn't MySoS already have a reputation of trolling and just making stuff up?

 

[Frodolives]

It's just not a simple issue, but I do know that when you put together relatively low wages and increasing cost of living, the line between doing pretty good and being homeless is pretty damned thin.

 

[GoingUp]

Originally posted by: Skoorb
Good question, but I'm basically tired of finding the answer to it, so I just lump it all into the general malaise and stupidity that most of the population embraces. As time goes on I realize that my superior approach to life is just not something the average brain-dead clown can appreciate, so while I'm using standards and intelligence applied to my life, the average joe is using a dumbed down view of the world with a weakened mental capacity applied to his. The result is anything from obesity to habitually making the same wrong choice in relationships to incurring too much debt, etc.

:heart:

Way to represent Shmabbles.

I too have been known to blow money on fun stuff and gadgets but I make sure that my credit card bill is paid off in full every month. I have never ever carried a balance and I would like to hopefully keep it that way. To me it really comes down to knowning what you can afford.

Theres also an old saying that my grandfather used to say, "Just because you have enough money to buy something, doesn't mean you can afford it."

 

[novasatori]

I have unspoken debt to my mother-in-law.

I wonder if she'll collect.

 

[Grunt03]

because most are stuck on meteral pocessions.
Credit floats the system...
No matter who you are you owe someone something.