Why don't you do the math before you tell these kids to not borrow money-- or get a job!

This is why I just love these get a job people. And these you should pay cash for a house and car people.

Let say a kid gets out of college with a degree and finds a job or jobs. Right now 40,000 a year would be huge for most to find and probably very unlikely for a graduate, but we will use this number.

So after taxes, ss, state tax if you have one, medical, dental, life, medicare etc

Your bring home is about 1300-1200 every 2 weeks
This is 2600-2400 a month.

Ok let’s pay some bills.

Monthly

Rent 750-Very modest guess. All know some will lower,higher
Car 200- very low cheap car.
Car insurance 100 for decent
150 electricity-- very low for most
50 for gas if you have it.
100 for vehicle gas.

No cable or internet cause we don't want to live to great.
No cell phones because we can't afford this luxury.


Groceries
400 a month.

This is not eating out at all or getting anything from quicky mart. This is very modest considering prices now.

This is why I just love these get a job people. And these you should pay cash for a house and car people.

Let say a kid gets out of college with a degree and finds a job or jobs. Right now 40,000 a year would be huge for most to find and probably very unlikely for a graduate, but we will use this number.

So after taxes, ss, state tax if you have one, medical, dental, life, medicare etc

Your bring home is about 1300-1200 every 2 weeks
This is 2600-2400 a month.

Ok let’s pay some bills.

Monthly

Rent 750-Very modest guess. All know some will lower,higher
Car 200- very low cheap car.
Car insurance 100 for decent
150 electricity-- very low for most
50 for gas if you have it.
100 for vehicle gas.

No cable or internet cause we don't want to live to great.
No cell phones because we can't afford this luxury.


Groceries
400 a month.

This is not eating out at all or getting anything from quicky mart. This is very modest considering prices now.


So we are at 1750. From 2600 using the high number this leaves us about 850, but wait. We went to college.

So since we didn't come from rich parents we have to pay for that. Let's say we go to a small cheap school and work part time to pay the room and board.

2000 a semester. Very low price compared to 90%

4 years of school. By the way it is almost impossible to get a 4 year degree anymore, especially while working.

So 4000 a year x 4 years is 16000.


16000 is about a 400 payment a month on student loans.


Now we are up to 2150 - 2600 leaves us about 450 extra.

We are not including any movies, out to eat, up keep on car, pops-candy, lawn care for rent house, medical bills for co-pay, etc.


Hell we will round it up to a big $500 a month extra. Now let’s start saving so we can pay cash and not borrow.

First we need a house and car.

Modest house 150,000. NO LAND besides lot and this probably doesn't exist in price in most places.

So $500 a month savings = $6000 a year.

So it will only take 25 years to save cash for a house at this price.
But wait--in 25 years that house will cost twice that because of inflation.
So 50 years.


Ok let’s get a car.
3 years = 18000 which will buy a piece of shit. These cars normally last 5 years maybe a little more, and they are worth shit nothing when you try to sell them back.

So we get a trade in for $6000 after seven years with the first car we bought. We have to buy a car every 7 years at 18,000.

We will need around 4 cars for the next 28 years, first one being bought for full price. 18000 + 12000 + 12000 + 12000

Hell this is only $54,000. That is another 9 years of saving on top of the 50 for the house. Plus we only figured the cars for 28 years not counting inflation.

So with the math if we started when we are 22 we might have enough cash for a house and keep our cars paid for in cash by the time we are 80 or more.

We won't be able to retire or afford anything else, but by God WE WON’T BE BUMS.


So all you people saying that you pay cash for all your shit and are not in debt are either full of complete shit or came into money somewhere. I suspect most of you got your cash from your momma and you are the true bums. Some of you might have worked your way up the ladder, but at what cost. Some might have built a successful business and are very lucky because if you tried that shit now you would be screwed.

Point being in this long ass post.

Quit blaming these kids. Go get a job is not going to fix shit and you know it. Do the math. Slavery is the end game and they got it.

Excellent thread. Some balance at last.

NO IT IS NOT A JOKE. TELL US WHY TECHNOLOGY THAT WAS CREATED OVER 50 YEARS AGO BY NICOLA TESLA, WHICH WOULD GIVE TO WHOLE PLANET FREE ENERGY, HAS BEEN SUPPRESSED AND DENIED OUR ACCESS?!!!!

This is a joke, right?

You were on the precipice of something great, but you jumped instead of declaring victory at the top.

The point of your entire post is living within your means.

Nowhere does is state we DESERVE a new car, a new house, a cell phone, Internet, game stations, LCD televisions, movies or eating out.
Those are LUXURIES that seem to have become NECESSITIES that you now demand as BASICS.

Teach these kids to live within their means and great things happen.
They will strive for more. They will innovate. They will succeed.

College is a waste of money..

I was a druggie from 17-25 and I finally grew up and wanted to be a responsible human being so I grew up at 25. I wanted to do something that I liked to do.. I love cars and I love interacting with people so I got a job selling cars at Saturn about 6-7 years ago and made 40k-50k until they closed about 3 years ago.. Thanks gm.. So I got a job at infiniti and made 75k last year and am at 55k thus far this year.. I am one of the top guys but I love going to work. It is long hours (50+ a week and every sat) but like I said I love doing what I do.. My wife never finished college also and she in branch manager at a small local bank making close to 60k

My sister on the other hand has a degree from fordam university (great ivy leave school) and she makes $45k in her 6 year in the work field at Morgan Stanley and my brother has a degree from rutgers and he makes $13 a hour selling car parts..

So moral of the story is my wife and I with no college make more then most peope with a piece of paper that costs 200k for my sister at fordam and 120k for my bro at rutgers..

someone pin this

No my whole idea of calling a 18,000 car a piece of shit is because now days they are complete pieces of shit that are made not to last on purpose.

Plastic crap that you might get 7 years out of.

You say find a used car. Ok well they have been making these cars not to last for a while now. Why? So you have to buy another one. Same reason that when you drive it off the lot the car is now worth half what you paid for it.


I agree about going through stuff, but I did not see any conclusion that would leave someone debt free. No matter what you say there is nothing a kid now days can do to get ahead without borrowing a lot of money.

Only I guess a trust fund.

P.S. Even with your logic you still are slaved to debt. 150,000 house is about as cheap as you get in most places.

Sorry - the mods won't pin this - it is contrary to the owner of this websites beliefs.

College is a waste of money..

I was a druggie from 17-25 and I finally grew up and wanted to be a responsible human being so I grew up at 25. I wanted to do something that I liked to do.. I love cars and I love interacting with people so I got a job selling cars at Saturn about 6-7 years ago and made 40k-50k until they closed about 3 years ago.. Thanks gm.. So I got a job at infiniti and made 75k last year and am at 55k thus far this year.. I am one of the top guys but I love going to work. It is long hours (50+ a week and every sat) but like I said I love doing what I do.. My wife never finished college also and she in branch manager at a small local bank making close to 60k

My sister on the other hand has a degree from fordam university (great ivy leave school) and she makes $45k in her 6 year in the work field at Morgan Stanley and my brother has a degree from rutgers and he makes $13 a hour selling car parts..

So moral of the story is my wife and I with no college make more then most peope with a piece of paper that costs 200k for my sister at fordam and 120k for my bro at rutgers..

Good post execpt fordham is not an Ivy League school. Just sayin'. Look it up, there are only 7 Ivys.

This is why I just love these get a job people. And these you should pay cash for a house and car people.

Let say a kid gets out of college with a degree and finds a job or jobs. Right now 40,000 a year would be huge for most to find and probably very unlikely for a graduate, but we will use this number.

So after taxes, ss, state tax if you have one, medical, dental, life, medicare etc

Your bring home is about 1300-1200 every 2 weeks
This is 2600-2400 a month.

Ok let’s pay some bills.

Monthly

Rent 750-Very modest guess. All know some will lower,higher
Car 200- very low cheap car.
Car insurance 100 for decent
150 electricity-- very low for most
50 for gas if you have it.
100 for vehicle gas.

No cable or internet cause we don't want to live to great.
No cell phones because we can't afford this luxury.


Groceries
400 a month.

This is not eating out at all or getting anything from quicky mart. This is very modest considering prices now.


So we are at 1750. From 2600 using the high number this leaves us about 850, but wait. We went to college.

So since we didn't come from rich parents we have to pay for that. Let's say we go to a small cheap school and work part time to pay the room and board.

2000 a semester. Very low price compared to 90%

4 years of school. By the way it is almost impossible to get a 4 year degree anymore, especially while working.

So 4000 a year x 4 years is 16000.


16000 is about a 400 payment a month on student loans.


Now we are up to 2150 - 2600 leaves us about 450 extra.

We are not including any movies, out to eat, up keep on car, pops-candy, lawn care for rent house, medical bills for co-pay, etc.


Hell we will round it up to a big $500 a month extra. Now let’s start saving so we can pay cash and not borrow.

First we need a house and car.

Modest house 150,000. NO LAND besides lot and this probably doesn't exist in price in most places.

So $500 a month savings = $6000 a year.

So it will only take 25 years to save cash for a house at this price.
But wait--in 25 years that house will cost twice that because of inflation.
So 50 years.


Ok let’s get a car.
3 years = 18000 which will buy a piece of shit. These cars normally last 5 years maybe a little more, and they are worth shit nothing when you try to sell them back.

So we get a trade in for $6000 after seven years with the first car we bought. We have to buy a car every 7 years at 18,000.

We will need around 4 cars for the next 28 years, first one being bought for full price. 18000 + 12000 + 12000 + 12000

Hell this is only $54,000. That is another 9 years of saving on top of the 50 for the house. Plus we only figured the cars for 28 years not counting inflation.

So with the math if we started when we are 22 we might have enough cash for a house and keep our cars paid for in cash by the time we are 80 or more.

We won't be able to retire or afford anything else, but by God WE WON’T BE BUMS.


So all you people saying that you pay cash for all your shit and are not in debt are either full of complete shit or came into money somewhere. I suspect most of you got your cash from your momma and you are the true bums. Some of you might have worked your way up the ladder, but at what cost. Some might have built a successful business and are very lucky because if you tried that shit now you would be screwed.

Point being in this long ass post.

Quit blaming these kids. Go get a job is not going to fix shit and you know it. Do the math. Slavery is the end game and they got it.

How does one create jobs right now? You say start a business. How without borrowing?

No bank will loan on business unless it is 20% or more interest and 20% down.

The government is not helping through the sba.

You say people need to create business and by this they create jobs. I agree except for there is no way to create business, so there are no jobs.

The people that have the money to invest, to start business are not doing it.

Sell my soul??

I have no college education and no loans and make 75k a year and love waking up in the morning to go to work..

Life is good..

Would you rather my be a worthless sperm living off my parents or living of the taxpayers.?

That should have read repo and not report but isn't that whatyou are if you sold your soul to the bank and loan industry? You are just a well paid report man? You calculated just how much they can afford to pay the interest and when they do, you know from the math your report man will be coming soon.

No thanks brother. Ex druggies make the best finger puppets..replace one drug with another... greed.

you are not the norm in this country. What do you do for a living? do you have kids. what if you get sick really sick and lose that job?????
What if the house you live in had a morguage that got cought up in the morguage fraud and BoA still thinks they hold the morguage on the house that you paid cash for? then they forclose on you and you are on the street no job and sick?
this is america now like it or not. this is the real reason the is a protest going on here in NYC. it is to make the banker step down. and let this country go free, like you think you are!

This is why I just love these get a job people. And these you should pay cash for a house and car people.

Let say a kid gets out of college with a degree and finds a job or jobs. Right now 40,000 a year would be huge for most to find and probably very unlikely for a graduate, but we will use this number.

So after taxes, ss, state tax if you have one, medical, dental, life, medicare etc

Your bring home is about 1300-1200 every 2 weeks
This is 2600-2400 a month.

Ok let’s pay some bills.

Monthly

Rent 750-Very modest guess. All know some will lower,higher
Car 200- very low cheap car.
Car insurance 100 for decent
150 electricity-- very low for most
50 for gas if you have it.
100 for vehicle gas.

No cable or internet cause we don't want to live to great.
No cell phones because we can't afford this luxury.


Groceries
400 a month.

This is not eating out at all or getting anything from quicky mart. This is very modest considering prices now.


So we are at 1750. From 2600 using the high number this leaves us about 850, but wait. We went to college.

So since we didn't come from rich parents we have to pay for that. Let's say we go to a small cheap school and work part time to pay the room and board.

2000 a semester. Very low price compared to 90%

4 years of school. By the way it is almost impossible to get a 4 year degree anymore, especially while working.

So 4000 a year x 4 years is 16000.


16000 is about a 400 payment a month on student loans.


Now we are up to 2150 - 2600 leaves us about 450 extra.

We are not including any movies, out to eat, up keep on car, pops-candy, lawn care for rent house, medical bills for co-pay, etc.


Hell we will round it up to a big $500 a month extra. Now let’s start saving so we can pay cash and not borrow.

First we need a house and car.

Modest house 150,000. NO LAND besides lot and this probably doesn't exist in price in most places.

So $500 a month savings = $6000 a year.

So it will only take 25 years to save cash for a house at this price.
But wait--in 25 years that house will cost twice that because of inflation.
So 50 years.


Ok let’s get a car.
3 years = 18000 which will buy a piece of shit. These cars normally last 5 years maybe a little more, and they are worth shit nothing when you try to sell them back.

So we get a trade in for $6000 after seven years with the first car we bought. We have to buy a car every 7 years at 18,000.

We will need around 4 cars for the next 28 years, first one being bought for full price. 18000 + 12000 + 12000 + 12000

Hell this is only $54,000. That is another 9 years of saving on top of the 50 for the house. Plus we only figured the cars for 28 years not counting inflation.

So with the math if we started when we are 22 we might have enough cash for a house and keep our cars paid for in cash by the time we are 80 or more.

We won't be able to retire or afford anything else, but by God WE WON’T BE BUMS.


So all you people saying that you pay cash for all your shit and are not in debt are either full of complete shit or came into money somewhere. I suspect most of you got your cash from your momma and you are the true bums. Some of you might have worked your way up the ladder, but at what cost. Some might have built a successful business and are very lucky because if you tried that shit now you would be screwed.

Point being in this long ass post.

Quit blaming these kids. Go get a job is not going to fix shit and you know it. Do the math. Slavery is the end game and they got it.

I know that If I lose my job I can get another job in the industry very easily.. I am good at what I do and in the car industry people know you if you are good so finding another job will be easy .

I am not saying this country is dandy and great cuz the economy does suck. Even people I work with said that 10years back making a100k was the norm and now I can't hit that and I am the top guy at a high end car dealer on a bust highway in north nj..

I am with you this country is falling apart and my luck will not last forever, but is it better to not have a job and join those people protesting..

My whole post was just to say that you do not Need a college education to make it... As long as you are hard working (which most people are not) and as long as you find something you love todo..