Posted on 06/30/2024 10:20:03 AM PDT by where's_the_Outrage?
So, she should start new chances/make new memories. It's not too late. Get going, girl!
Is that you John Kerry? ;)
“Sincerely
The woke deep-state.”
This is definitely what the younger folks are doing now. And nothing reinforces it like a 78-year old wishing she had spent more on “happenings” than saving for the future.
That would be an interesting poll of older folks. Wishing that they had saved more for retirement, or spent more when they were young. (And no - “BOTH” is not an option!)
One of the things that has stunned me in recent years is the total lack of intellectual curiosity of working class and young people.
The biggest example is basic consumer economics and the use of debt to basically enslave people.
How property taxes work.
How interest rates effect everything from credit cards, auto loans, home buying etc. and how much people are held captive by these companies that extend loans to people that have no clue what they are getting into.
Would you say that the masses are brainwashed to “live in the moment” and being into sensationalism so they can be duped into going into debt to achieve their temporary desires?
I think to some degree they are brainwashed, it’s also ignorance on basic consumer economics.
My wife and I go to the same restaurants and usually become friends with the bartenders/waitresses mainly because we leave good tips.
I’ve asked a number of them that either own a house or are thinking of owning a house, if they ever considered something like a 15-year versus a 30-year mortgage.
Universally they tell me a 15-year mortgage is more expensive and never considered it an option. Then on my phone I google a quick mortgage amortization calculator and run their numbers and compare the costs of a 15 versus 30-year mortgage, they are usually dumbfounded on the interest savings.
Then I tell them it’s ever worse for credit card and auto loan interest.
I remind them to add up the extra interest costs over a lifetime and its usually hundreds of thousands of dollars that could be theirs at retirement if they only made better consumer finance decisions.
I don’t know how many if any of them I convince I only hope it gives a few something to think about and begin to ask quesitons.
I have similar conversations with service workers (though my wife and I rarely eat out LOL). Some of them come to my financial small group that I lead at church and do change their lives.
The way consumer interest is used in commercials to convince people to take out loans that are terrible deals is insidious and could be considered evil.
spender, and
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