Posted on 08/03/2016 6:10:00 PM PDT by vannrox
Ha! Jokes on them, they're gonna be Billionaires
Good luck with your business! I’ve been broke, too. Doing better now and so will you!
By far the biggest factor I see is that (starting with the generation that were children during WW2) idiot parents began sheltering their little couch potatoes from holding down jobs until after college, or at least after high school. They had a disputed (and now thoroughly disproven) notion that their non productive little darlings would somehow developed a work ethic after being idle until they were eighteen or twenty two.
That was as brilliant as starting their children on foreign languages to make them a linguist when they are eighteen or twenty two. Sure, some succede... in spite of the stupidity of the course taken.
Generations have now seen little else. And the folks who are most appalled at the sense of entitlement the most recent generations exhibit actively brought it about.
I worked for a moving company loading furniture when I was fourteen. The generations of parents immediately after mine made that illegal.
I’m a little concerned about my 26 yr old niece. She still lives at home although she has a college degree but doesnt drive, has no job and doesn’t get out much other than with her sister. She’s brain smart but not in living her life.
Cost too much for college?...ask what Lizzy Warren made per hour teaching.....
Continue with the Federal Reserve money printing and government debt spending, and inflation will make us all millionaires before very long.
Amen brother! STEM grad here, who invested in my company 401k to the max, from 1992 onward. Went to ROTH 401k as soon as I could and now most of my savings is tax free forever. Went the first 13 years of my career with no vacation, to max out savings for retirement. Now at age 50, I’m well on track to hang it up in 4-5 years. Did I regret missing 26 weeks of travel(13 missed years of vacation time 2 weeks per year)? Yes. But retiring 10 years early (520 weeks early) seems to ease the sting a bit. You can pay now or pay Lester, but everyone pays.
FWIW, for the millennial idiots referenced on the article, $2,000,000 in savings will generate $80,000 per year in retirement income. After taxes, that gives you about $60k per year for your retirement. If you can’t save $2,000,000, you can kiss Amber rides and eating out goodbye. Buy a bicycle and learn to cook, chumps.....
The progesives won’t be happy until everyone lives paycheck to paycheck.
[Apocryphal Mark Twain quote]
"When I was a boy of fourteen, my father was so ignorant I could hardly stand to have the old man around. But when I got to be twenty-one, I was astonished at how much he had learned in seven years."
If she hates her student loans, one would also wonder why she’s blowing money on Uber and restaurants.
I didn't even read the article, after reading that headline.
Talk about two incompatible subjects and a "propaganda" fueled headline in one sentence.
Congratulations! You done real good raising your kids! I know other families like yours, where the kids are trained to be entrepreneurs, and they do well. Majority aren't, but kudos to the ones who are with the entrepreneurial spirit.
My kids are doing well, but are not millionaires. They work for others in companies. One just quit a highly paid manager position (making close to $200K) to concentrate on starting a business with her husband. I had some concerns when she was a teen not listening to my advice over that of her friends. Me and my wife became well off by being conservative, and it finally sunk in for my kids to be conservatives when they went to work. Millennials who aren't taught that they can be successful, have a rough road ahead. Congrats again.
I didn’t know that. Also, the fact that there are no year-end tests, no keeping-back of students, no emphasis on maths and science.
My grand daughter graduated from pre-school last year and enters kindergarten this year and I was immediately struck with that realization when the class sang OMD as part of their graduation ceremony.
Worse ... it is a church sponsored pre-school.
My radar is tuned for stuff like that.
I gave up on trying to get the first.
There is the key. Or even worse they are thaught that they can NOT be successful without the government.
Best wishes to your kids as well.
Too many people who need to work. No manufacturing or entry to mid level customer service jobs. A social shaming to any young person who doesn’t attempt to go to university. University costs skyrocketing, necessitating loans for nearly every student. University degrees nearly worthless for earning a good living.
There isn’t much chance to rise up and fulfil the American Dream.
When I was a kid, usually only one parent worked. In the secure middle class, which did exist though it was taxed to hell, half the people didn’t NEED to work. They could create a happy home, raise the kids, volunteer. There was margin in the American middle class. People could breathe.
Now, everyone needs to work desperately and there is no margin anywhere. You have to be a multi millionaire to relax about money for five minutes.
OMD ? thanks
check your grand kids to see if they go through a list, or sing each one individually without incorporating the previous “noises”
You reap what you sow, boys and girls.
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