Yet during the last 50 yrs with most countries off gold standard the planet has seen the smallest amount of warfare in recorded history. But like any doomsday predictions, the fact that the world didn’t end today just makes it more likely it will tomorrow in the eyes of the believer.
I'm sorry I didn't say the world was going to end. As for the world's smallest amount of wars in the last 50 yrs I don't know about that. Seems to me wars never stopped. Please give me a time frame when the world was at peace? War is usually started over some one or country that wants what some else's has. Money with out a gold or silver or something backing it is just paper. In fact that is exactly what our currant money is. Their was a time you could go to the bank and ask to change your paper bill for actual gold. So if money isn't wealth what is. Land, oil, coal, water, timber, minerals oh yeah natural resources. That's what country's fight over not paper. Other country's get pissed off when one country gives them paper for their natural resources and says it's money take it or I'll bomb you.
I ask myself that all summer long when I see people who appear to be in the late 20s or young 30s pulling into our small town that is mostly second homes with a new ford 250 diesel and a 25’ wakeboarding boat followed by their wife with a brand new suburban pulling a sxs for the kids to drive around town.
This is always a reminder to me (33) that I obviously chose my career field poorly
. I know a lot of people that fit what you described and most don’t have crazy income, they just aren’t as debt adverse as I am personally. Not bashing on anyone for their personal financial decisions but I don’t see how that plays out great as you edge closer to retirementA top 20% salary is $100,000 or over, 10% of households make over 200k.
She’s a geologist he’s a dentist, together they make 400k.
I guess it comes down to being ok with debt. I personally don't enjoy making payments to CC and vehicle company's so I save till I can pay cash. Not that there is anything wrong with people having debt. Everyone enjoys things differently. Idk if the stats you listed are accurate if so I fall into the top 20% and am still mind bogeled at the 500k home and new boats and news cars and side by sides. But like I say everyone enjoys things differently.
Math still sucks in that scenario, well over $200k in depreciating assets just at the lake. Probably an over priced mortgage, student loans from dental school, and kids in private school
Pick one:Math still sucks in that scenario, well over $200k in depreciating assets just at the lake. Probably an over priced mortgage, student loans from dental school, and kids in private school
But when that couple dies they got to have a boat at the lake and you didn’t… and you don’t take your assets or debt with you.
There is a record >$10 trillion in home equity - debt in the US.
I used to think the same, until I started to notice how thin people will spread themselves with debt.
Nailed it.
+1, all day, every day, & twice on Sunday
Not to mention the majority of those assets are depreciating.
But then you park you assets offshore and declare bankruptcy.
Probably, is there no pride anymore.
Looking at the recession graph compared to housing sales that SAA-06 posted above indicates that we have an economic correction/recession every 5-12 years. I agree if a person had capital money, gold, silver, etc they could do pretty well during a down period buying land, backhoes, homes, etc.
You been to America? We literally liked this so much we elected the dude who made this his brand.
