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Open Discussion Discuss Why Americans can't save for retirement at the General Forum; We have all heard the people that complain that they do not make enough money. Here are just a few ...

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Old 06-26-2019, 10:31 AM
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Default Why Americans can't save for retirement

We have all heard the people that complain that they do not make enough money. Here are just a few of the reasons why.

https://www.yahoo.com/lifestyle/m/5e...sters-are.html
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Old 06-26-2019, 10:55 AM
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Default Re: Why Americans can't save for retirement

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We have all heard the people that complain that they do not make enough money. Here are just a few of the reasons why.

https://www.yahoo.com/lifestyle/m/5e...sters-are.html
And the nail was hit squarely here, something I have said repeatedly.

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And, in my not so humble opinion, we can’t tell the difference between needs and wants, between necessities and desires—and we sure can’t defer gratification.
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Old 06-26-2019, 11:01 AM
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Default Re: Why Americans can't save for retirement

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And the nail was hit squarely here, something I have said repeatedly.



I also heard the other day that millennial's prefer to spend their money on experiences.

While buying an expensive car to get you back and forth to a go no where job, isn't a smart investment, it at least gets you to work, as apposed to experiences.
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Old 06-26-2019, 11:13 AM
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Default Re: Why Americans can't save for retirement

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I also heard the other day that millennial's prefer to spend their money on experiences.

While buying an expensive car to get you back and forth to a go no where job, isn't a smart investment, it at least gets you to work, as apposed to experiences.
They do seem to be geared towards 'experiences' rather than material goods, which I am not going to entirely knock. Material goods come and go. Experiences can build you, educate you, and stay with you forever.

That being said, to forgo the basic material goods, like owning a house (investment) or a basic vehicle, with food in the fridge, and then sponge it off others because your last experience took that's months pay I definitely have a problem with.

Long time ago, I visited Zephyrhills FL Drop Zone (parachute jumpers) as a guest of one of the pilots. We laughed about the jumpers who literally, and I do mean literally, would work just enough to make money to pay for the next jump each week. Adrenalin Junkies is the polite name. They lived in tents at the drop zone, and packed other jumper's shoots to pay for their tent.

As long as they paid their own way, have at it. The minute they would say "hey, are you heading into town? I need a ride" they crossed the line.
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Old 06-26-2019, 11:34 AM
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Default Re: Why Americans can't save for retirement

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Originally Posted by GottaGo View Post
They do seem to be geared towards 'experiences' rather than material goods, which I am not going to entirely knock. Material goods come and go. Experiences can build you, educate you, and stay with you forever.

That being said, to forgo the basic material goods, like owning a house (investment) or a basic vehicle, with food in the fridge, and then sponge it off others because your last experience took that's months pay I definitely have a problem with.

Long time ago, I visited Zephyrhills FL Drop Zone (parachute jumpers) as a guest of one of the pilots. We laughed about the jumpers who literally, and I do mean literally, would work just enough to make money to pay for the next jump each week. Adrenalin Junkies is the polite name. They lived in tents at the drop zone, and packed other jumper's shoots to pay for their tent.

As long as they paid their own way, have at it. The minute they would say "hey, are you heading into town? I need a ride" they crossed the line.
Yeah, in a way I'm a little jealous of people that can live that way, I couldn't do it though, I guess I'm living for the future, not the now.

What is the song "Live like you are dying"? Unfortunately most would quickly run out of money and become a burden on society.
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