Well, she had bad luck on her investments. But she was not exactly prudent or careful. She quit several jobs that would have given her more income and security. I don’t blame her for getting mad about the insult to her secretary, but I don’t know that it required her to quit her job. And I don’t know why she quit her other job.
Also, she is angry at the Scottish bank because they won’t allow her to leverage her mortgage loan even further. Is THAT really the way to get rich—increase your debt so you can have some spending money?
She sounds like a typical boomer generation person to me. And I don’t know why her friends would ask her for financial advice, since she evidently never bothered to manage her own money.
“She quit several jobs that would have given her more income and security. I don’t blame her for getting mad about the insult to her secretary, but I don’t know that it required her to quit her job. And I don’t know why she quit her other job.”
Who knows, maybe she got huffy over something someone said about her.
There’s way too much expectation by many that their feelings will be protected in the workplace when the main goal is to make money and build.
Some people are incapable of cutting back on their lifestyle when things start going belly up.
Well I haven’t been stolen broke YET....but it is amazing when you invest in the most conservative HOPEFULLY safe ways that someone can still take you off at the knees. I admit I saw it coming for years, but I really expected it in about the year 2020, not now.
One of the governments real problems now as I see it, Is people like me that have always lived WAY below their means aren’t dumb enough to bust their butts only to be cheated again. So now in effect the government has made many of the true boot strappers doubt even more if trying will pay off in the long term.
I didn’t use to think small business HAD to cheat to make money, Now after looking around I believe most do.
A person would have to be half crazy to start one now...
How we have squandered the American Dream...
Really?
Typical boomer like me at 51 is caring for a large family and extended elderly relatives (10 dependents) and managing businesses or dealing with a serious management level or professional degree job. And paying for possibly private school and college too. I have one in private school and one in state college and one in private college.
And i'm never late with my mortgages and manage most of my own capital
Young folks who are considerably more liberal (Next to blacks..Obama's biggest vote), make the mistake of thinking that all boomers were college radicals or Ward Churchill types.
That was a minority of boomers ...a tiny minority outside of the Ivy League and some radical hotbeds like Madison and Berkeley
Most of us are fairly conservative and vote that way...just check the stats. And many of us fought in Vietnam, not me I was too young.
I'm not sure what sort of generational issues you have but one thing we most boomers except the radicals have never done is to blame all who came before us for all their ills.
I was raised to venerate my kinfolks who came before me.
Compare tacky hippies, led zepplin, lynyrd skynyrd and dazed and confused era kids with todays' youth culture from hip hop to ink and body mutilation, girls acting like sluts, no daddies, sissy boy meterosexuals being the dominant educated white boys theme and get back to me which is more offensive really....and who is far more liberal
My daughter goes to David Lipscomb...a Christian college...besides her and her teachers...most kids are brainwashed PC race and environment obsessed ninnies. Thanks.