Poor people living outside their means unappreciation

[Betonblck]

As long as it's not my friends or family, I could not care less. I don't want my friends or fam to blow their money on frivolous items and be broke later on in life. Most of us have had that friend that bought an expensive car at like 18 and spent their whole paychecks on it while living at home and not saving.

Otherwise, I prefer that people spend their money rather than save it. The more money circulating throughout the economy, the more productive it is and the higher the economic growth, which means good for everybody.

 

[dwyanewadeog]

Originally Posted by cguy610

As long as it's not my friends or family, I could not care less. I don't want my friends or fam to blow their money on frivolous items and be broke later on in life. Most of us have had that friend that bought an expensive car at like 18 and spent their whole paychecks on it while living at home and not saving.

Otherwise, I prefer that people spend their money rather than save it. The more money circulating throughout the economy, the more productive it is and the higher the economic growth, which means good for everybody.

Thats the point.
These people are not spending their own money. They are taking on DEBT or using taxpayer money to live beyond their means.

 

[danielcannibus]

I've passed out student loan payments to cop some kicks before lulz

 

[41239]

Originally Posted by Tego Calderon El Abayarde

Originally Posted by slickp42189

Originally Posted by ohboydanny

Rich people do it too tho.

x10, haha, you guys think all doctors and lawyers can afford the car theyre driving and the mansion they live in, they are the same ones making $1M and spending $3M 

So which is worse? The doctor living in the mansion or the hood dweller that has to return to her dirty piss smelling projects.

idk, is $2M in debt worse than $15k?

 

[thunderchunk69]

Originally Posted by slickp42189

Originally Posted by Tego Calderon El Abayarde

Originally Posted by slickp42189

x10, haha, you guys think all doctors and lawyers can afford the car theyre driving and the mansion they live in, they are the same ones making $1M and spending $3M 

So which is worse? The doctor living in the mansion or the hood dweller that has to return to her dirty piss smelling projects.

idk, is $2M in debt worse than $15k?

the doctor has a skill and is more likely to get an accountant to help him fix his troubles over time
the other person?...

 

[upptempo8387]

My bad, I should have clarified what I meant by NYC..Most people consider NYC to be mainly Manhattan, where public transportation is 100x easier to get around on than to drive through extremely slow traffic...Dudes on Wall Street making $500K a year take public transportation in Manhattan..However, in the other boroughs like the Bronx, Staten Island, Brooklyn, or Queens, besides peak times the traffic is the same as it would be in most big cities. Plus, when someone is on the bus in a place like Brooklyn with shopping bags, you can tell that they're not taking the bus because they don't wanna deal with traffic

 

[41239]

Originally Posted by ThunderChunk69

Originally Posted by slickp42189

Originally Posted by Tego Calderon El Abayarde

So which is worse? The doctor living in the mansion or the hood dweller that has to return to her dirty piss smelling projects.

idk, is $2M in debt worse than $15k?

the doctor has a skill and is more likely to get an accountant to help him fix his troubles over time
the other person?...

right, so true, omg and then they will cure cancer and discover the fountain of youth

 

[memphissfinest]

Originally Posted by PleaseSayTheBaby23

Originally Posted by chickencurry4eva

To each his own, but its funny how most of yall equate a good quality of life with having a lot of material possessions....is that really what its about for yall?

Spending money on travel, fine food, and dope life experiences that you'll forever remember > whips, kicks/clothes, ramen noodles

Maybe yall'll see the light one day....till then please continue to stimulate the economy, you're doing wonders for the rest of us

/Thred

My family is a traveling family and I wouldnt trade those experiences for nothing in the world!

I tell me homies all the time stop wasting so much on material things and hit Hawaii, NY, San Fran, London, Japan, Colorado and see the world! Eat at all the local nice spots visit all the landmarks and take tons of pics and hangout with our friends you will have a TOTALLY different outlook on life and you would be soooooooo motivated

RESPONSE

I HAVE NO PROBLEM WITH POOR PEOPLE SPENDING MONEY FRIVIOUSLY. BECAUSE WHILE THEY ARE STIMULATING THE ECONOMY AND NOT SAVING, THEY ARE MAKING IT EASIER FOR THE REST OF US WHO ARE STACKING. ALL I CAN SAY IS THANKS.

BLOWING 7g TAX RETURN ON OLD EURO? FAIL.

 I SWEAR SOME OF THESE PEOPLE DON'T KNOW HOW TO PLAY THE GAME. THAT'S WHY THEY WILL ALWAYS STAY POOR UNLESS SOME GET LUCKY ENOUGH TO GET KNOCKED UP AND HAVE A LEBRON. IM SURE IF SOME OF THESE PEOPLE SAVED ALL THE FREE MONEY THEY RECEIVED FOR LIKE 2-3 YEARS THEY WOULD HAVE ENOUGH MONEY TO MAKE SOME REAL MOVES LIKE START A BUSINESS OR INVEST.

 

[donttalkitlivit]

Stop pocket watching. Who cares?

 

[prada g]

Originally Posted by ThrowedInDaGame

Originally Posted by ohboydanny

Rich people do it too tho.

yeah but we're rich. We've earned it.

You are not rich. You are not poor, middle class at best.

 

[wallyhopp]

Happens at casinos too.. They are soo open to check cashing and lending, it's not even funny... But what can you do. Someone is being stimulated by that spending

 

[loveofthegame916]

Originally Posted by xAiRMaXiNx

Originally Posted by Slicknick951

Living comfortably while flossin w/ material things >


/thread

This. If you have connections, use them. Wealth > Rich. I've read up on the game. I really want to kick knowledge to all my friends and fam about this, but this is 2012 and you can't have conversation with substance to them when talking with close ones.

.  Either way I'm gonna make it financially, so I'm not sweatin' a thing. Hopefully I can spread the word to the masses about how money really works.

I'm listening...

 

[s329]

This happens on basically every social wealth tier. From poor to rich. You're always going to have people live beyond their means. I've been on wall street (IB) for a decade now. through the credit crisis in 08 wall street has been blamed for a lot of wrong doing and much of that is correct esp in terms of securitizing products that should have never been securitized in the manner they were, but what i find misleading and baffling is the public's reluctance or in many cases outright refusal to take responsibility of what happened. people buying $1m homes with 5% down payment (yes, there is blame for banks approving these loans to begin with, but come on, use common sense), people purchasing $5k flat screens on a $50k salary (that's 10% of the your annual salary on a television! GROSS salary/ pre-tax!) it's this consumer mentality and growing comfort level with the notion of debt and leverage that is equally responsible for many of the events that transpired during this time.

moral of the story: spend your money wisely, live within your means (regardless of how much you make) and we'll all be better off as a society.

 

[Betonblck]

Originally Posted by DwyaneWadeOG

Originally Posted by cguy610

As long as it's not my friends or family, I could not care less. I don't want my friends or fam to blow their money on frivolous items and be broke later on in life. Most of us have had that friend that bought an expensive car at like 18 and spent their whole paychecks on it while living at home and not saving.

Otherwise, I prefer that people spend their money rather than save it. The more money circulating throughout the economy, the more productive it is and the higher the economic growth, which means good for everybody.

Thats the point.
These people are not spending their own money. They are taking on DEBT or using taxpayer money to live beyond their means.

Debt falls under that umbrella of their own money in my opinion.  Sorry, I don't see your point here. 

 

[b smooth 202]

all this talk is relative to actuality...poor people couldn't live outside their means if the rich weren't in the first place.

/thread

 

[jking0821]

I agree with steezy on this.

Everyone in here saying o i stack paper poor people who blow money are dumb.  Keep stimulating the economy while i benefit from all you idiots.

Please the economy sucks.  Poor people blowing money at Nordstroms isn't saving the economy.  Go about you business and never mind what the next man is doing.  Live your life the way you want to live it.  Follow what makes you happy.

 

[murdamiljoker]

In reality some of these people are not living outside their means I mean if you think about it people on welfare actually have a very comfortable way of life you see where I live a mother of 2 can get $650 in TANF(Cash Assitance) she also qualifies for $527 in SNAP(Food stamps) and at the end of the year she can pay some hood +!% tax people to file some phony +!% taxes for her and get a return of about $5-$7k. Now do the math or I'll do it for you $650x12=$7800+$527x12=$6324+$7,000=$21,124/12=$1,760.33 a month. Now thats some pretty decent money for just sitting on your lazy +!% doing ++$@ don't get me wrong if I didn't love money so much I'd proly do the same thing. But now don't forget their expenses probably slim to none you see most people on welfare live in Section 8 apartments (low income housing), and probablly only pay around $10-$50 for rent and they probably on energy assistance as well so more than likely thats another $50-$75 so thats a total expenses of about $100-$125 dollars so a car not of about $300 is actually still living within their means.Not to mention she's probably getting money from baby daddy or other tricks so she can get her hair did and look proper for the next trick or sucker out there. Thats why I always look for me a dumb !%% around tax time so I get some of that $$$$$$$$$$$$$$$

 

[ricky409]

^^^^

Class is in session, fambs.

!%%@%!+ Economics and Psychology 1311.

Broke that %!@! down to a science.

Edit: I can't say hood rat? Hood booger... hood biddy... hood yambs...

 

[finnns2003]

Yeah, lot of posers out here. People living in craptastic areas/neighborhoods and driving a 7-series or multiple cars. Damn shame this country overconsumes so much.

 

[dadecounty11]

Originally Posted by ricky409

Originally Posted by JewSeeJay

yo dade i think he was co-signin you tho

you are the only two to agree with me in this whole thread, all the other lames would rather act like watching how other ppl spend money is a sin...

if you dont understand how ppl spend their money youll never be well off... IMO

i watch how everyone spends and how it does/doesnt benefit them... it helps me manage my money more intelligently. but hey yall do yall, ur not wryin bout me anyway so dunno why ud even bothered posting

i was...
but you're absolutely right about noticing your surroundings so you dont make the same mistakes.

its a difference between WATCHING ONES POCKET... and noticing how they spend money... ESPECIALLY if you know them personally.

you can learn from others mistakes.... 

Originally Posted by dadecounty11

naaaaaw, famb...
i'm on your side! lol...

cosign backfire...

My bad fam....many apologies.  I went back and re-read it in a different tone, and it came out as a co-sign.
  

 

[fenixconnexion.]

i learned my lesson and now i can manage my money pretty well

 

[mojodmonky1]

Originally Posted by S329

This happens on basically every social wealth tier. From poor to rich. You're always going to have people live beyond their means. I've been on wall street (IB) for a decade now. through the credit crisis in 08 wall street has been blamed for a lot of wrong doing and much of that is correct esp in terms of securitizing products that should have never been securitized in the manner they were, but what i find misleading and baffling is the public's reluctance or in many cases outright refusal to take responsibility of what happened. people buying $1m homes with 5% down payment (yes, there is blame for banks approving these loans to begin with, but come on, use common sense), people purchasing $5k flat screens on a $50k salary (that's 10% of the your annual salary on a television! GROSS salary/ pre-tax!) it's this consumer mentality and growing comfort level with the notion of debt and leverage that is equally responsible for many of the events that transpired during this time.

moral of the story: spend your money wisely, live within your means (regardless of how much you make) and we'll all be better off as a society.

your advice is going to fall on deaf ears fren.  most people like to live in the now, and then when life gets rough or things get bad they like to blame other people for their problems (blame lenders for putting a gun to their head and forcing them to sign a $0 down interest only jumbo loan, or for maxing our their "fake" equity so they can use that cash to buy jet skis and take a vacation).

there is no accountability with anyone these days.  i work in sub prime lending and 100% of my customers blame something or someone else for their terrible credit.  in my 8 years of working, ive probably had 2 customers who straight up told me "i was spending beyond my means and it finally caught up to me when the economy slowed down"  2 out of thousands.  no accountability.

BTW, i like your AVY.  I been hunting for an OB Bears 59/50 fitted but I dont know if they ever made one.  Hell, I had to pay like $55USD equivalent each when I was in Korea for my Doosan Bears and SK Wyverns New Era Authentics.

  

 

[sundoobie]

Originally Posted by MurdaMilJoker

a mother of 2 can get $650 in TANF(Cash Assitance) she also qualifies for $527 in SNAP(Food stamps) and at the end of the year she can pay some hood +!% tax people to file some phony +!% taxes for her and get a return of about $5-$7k. Now do the math or I'll do it for you $650x12=$7800+$527x12=$6324+$7,000=$21,124/12=$1,760.33 a month

see most people on welfare live in Section 8 apartments (low income housing), and probablly only pay around $10-$50 for rent and they probably on energy assistance as well so more than likely thats another $50-$75 so thats a total expenses of about $100-$125 dollars so a car not of about $300 is actually still living within their means.

Great analysis!

 

[proper english]

 im def unappreciated.. 
i just bought a pair of lunargrands & im unemployed.. according to the govt, at least. 

 

[zapatohead408]

some junior in high school at my friends school is copping a 370Z in July, according to him.

dude is 16, gonna be working at Great America come May, for minimum wage and selling his SB collection, calls himself the SB King and soledout 408 (search him up on youtube, quite funny actually voice and looks of a 12 year old boy). He will get like 2K for his collection. It's like dude, you're 16 you can't afford that, unless your parents are paying for it just like they have for everything else he owns.

also dude don't know a thing about cars and straight up copies and pastes the specs onto facebook.

Even if you can afford it its an irresponsible thing to get into the payments and such at such a young age.