The pay for athletes can be justified the same way. The owners are
often billionaires and the team evidently brings in the dollars.
Unfortunately, dad can't afford to take the kids to the game, but many
times they are sold out.
I guess as long as people pay the price and buy the beer it will continue.
Not to mention that the Kardashians truly deserve the big buck for their
contribution to our society.
Exactly. Spend the money where you want but don't let uneducated
decisions steal your money. Think about how spending money best helps
YOU out, not the way that the advertisers/other people tell you how you
should spend it. And paying big bucks to the entertainers/game players
by advertisers "is" advertizing "telling you" how to spend your money.
They pull you in with easily replaceable and an endless supply of easy
to replace fun stuff.
I don't think so, at all. There are only a handful of people with the
skills those entertainers have. *MANY* people are willing to pay to
see them do their thing. OTOH, there are *MANY* health care workers
and educators and many people who have to pay their salary. In the
end, people (and things) are worth exactly what someone is willing to
pay (for) them.
On 3/25/2015 7:34 PM, firstname.lastname@example.org wrote:
And how do you learn to take care of your self???, sometimes it needs
to be taught in your education.
I will admit that I did not get a thorough education but I have been
very comfortably retired for 20 years since age 40 and have been totally
debt free since 1997.
On 3/25/2015 9:13 PM, email@example.com wrote:
LOL, but only with the help of a spread sheet program and my first
computer in 1986.
I painted a picture on a spread sheet of what refinancing and adding
extra money with each payment would save me and for me it saved me 14
years off of an original 30 year mortgage. That was 6 years into that
30 year mortgage.
I showed this spread sheet to 5 relatives, friends, and my boss.
All but one began the process of paying their homes off early almost
immediately after I showed them how to do this. Shockingly, my boss/the
owner of the company, accelerated payments to the tune of 10K per month
and paid his house of within the year. I could not believe that he had
not thought of this himself.
Anyway, 2 years after I retired my wife and I paid our house off after
16 total years. We originally had a 30 year mortgage and began working
to accelerate payments, 6 years later, by first refinancing to 15 years
and then paying extra with each payment.
So if you spend your money wisely you get to keep more of it. But our
society does not promote this way of thinking. I think better educators
that don't have to play baby sitters could teach this.
This needs to be taught.
I was once described by a home salesman as un-American when I paid cash
for my next home. He was kidding of course but that comment told me a lot.
Spreadsheets just make more complicated messes. If you can't solve a
problem without one, you can't solve it with one.
Interest tables will do the same thing.
Really! Owners tend to be quite conservative, financially, and know
the time value of money.
We paid our AL home from a $150K mortgage down to $30K in the three
years we lived there. We could have paid this one off when that sold
but bought two cars with cash, instead. Our mortgage is less than
$30K now and it will be paid off shortly.
Good idea. There are many things that need to be taught but it's not
going to happen in the schools.
He was kidding. It's not unusual, at all, for people to pay cash for
homes. A quick search finds an article that states that 42% of
purchases were cash transactions in Nov '13.
On 3/26/2015 7:49 PM, firstname.lastname@example.org wrote:
LOL, are you one of those?
Essentially that is what my spread sheet did, except it let you vary the
amount of monthly extra contribution or not and shows you the date that
the loan would be paid with or with out contributions and after pay off
the amount you saved for the remainder of the original term.
Keep in mind that I made up this spread sheet almost 30 years ago.
I'm sure that there are better ways now but back then not so much.
Well, it is the norm to have house payments, most don't think of not
having them. I also pointed out to him that putting extra money in on
his regular payment was like getting the same interest back as a savings
account would have done at the time. If his mortgage interest rate was
8% it was like earning 8% on the extra money he paid in each month as he
was not paying interest on that amount.
Yeah we had 2 car payments too. As we paid each off that payment went
into the house payment.
Hard to say, it mostly depends on whether the big machine allows it or not.
I'm still talking about 20 years ago and late 30's to early 40
somethings. IIRC no one I knew was not paying a mortgage or rent.
You can use all the interest tables you want, but the spreadsheet makes
quite a difference in perception. For years I just made the payment
every month just as most people do and never thought about paying ahead.
Then I got a spreadsheet. When I paid my mortgage every month, I'd
enter the payment and the extra money. It was an easy visual of how
much I'd save. It was an incentive to pay ahead. I quickly made a plan,
but as time went by, I paid even more.
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