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Off Topic Off Topic - General non-Corvette related discussion. |
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03-27-2020, 8:06am | #1 | ||||||
Barn Stall Owner #102
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Dave Ramsey "Nailed it!"
3-6 months of emergency funds.
I stopped following Dave Ramsey once I had the hang of his basically simple approach to money management as a 20 something year old single parent. I have always lived FAR below my means, something I think most Americans have a hellova hard time doing. Far to many people live pay check to pay check, and no I am not referring to new college grads or those in poverty. I am talking about those with 2 brand new luxury cars, a house they can barely afford the mortgage on, all 4 members of the family have the latest $1100 cell phone etc. Then when the SHTF, they are devastated they cannot maintain their lifestyle. |
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03-27-2020, 9:00am | #2 | |||||||
Barn Stall Owner #103
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03-27-2020, 9:11am | #3 | ||||||
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I never followed Dave Ramsey; living below your means and saving for a rainy day is just common sense.
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03-27-2020, 9:36am | #4 | ||||||
Sparkles Flambeaux
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a long, long time ago, a few years into my first job, working for a large Engineering firm, there were somewhat regular layoffs, as contracts got done and staffing was no longer needed. so rumors would circulate, and water cooler discussions would ensue. "did you hear about coming layoffs?" "i hope i don't get laid off" and similar.
so one day, i'm part of a discussion on this, and someone asks me "hey Brinkman, what will you do if you get laid off?" "find another job somewhere." "but what will you do for money?" "eh, i have some saved aside." "like, how much?" "enough to cover my living expenses for about 6 years." "oh" |
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03-27-2020, 9:51am | #5 | ||||||
Bantayan Kids '13
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As a kid my dad made me save half of the money I made from my paper route. He also said do not depend on the government or social security. Build your own nest egg. Took his advice and I have been saving part of my paycheck ever since. Now that I am retired I have my nest egg. I miss my dad.
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03-27-2020, 10:36am | #6 | ||||||
Barn Raising II,III
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The wealthiest camel has the biggest hump.
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03-27-2020, 10:43am | #7 | |||||||
Sparkles Flambeaux
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03-27-2020, 11:20am | #8 | |||||||
Barn Stall Owner #102
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WHY? Because those without it are procreating faster than those with it, so it's getting bred OUT of the gene pool. God help us. |
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03-27-2020, 11:23am | #9 | |||||||
Barn Stall Owner #102
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Who is laughing now biotches. |
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03-27-2020, 12:40pm | #10 | ||||||
A Real Barner
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I wonder why corporations are not encouraged to do exactly this... the Airlines specifically have been raking in record profits for several years now, where's their rainy day cushion? First thing in this they want 50 billion. I say **** them, they should save just like the rest of us have to.
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03-27-2020, 12:47pm | #11 | |||||||
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03-27-2020, 1:49pm | #12 | ||||||
Chief Electrician
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When I was broke, I had no concept of savings because everything was a "need".
Once I started having a bit more, I understood the importance of savings. Unfortunately it came way too late in life for me to relax. I'll work until I die because I'll have to. You can't jump into the Indianapolis 500 on the last lap and hope to win no matter how fast your car is. |
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03-27-2020, 2:01pm | #13 | ||||||
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People with guns and ammo trump people with cash. When you get to a point that goods are worth more than any cash, guess what ? People with guns go shopping.
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03-27-2020, 3:37pm | #14 | ||||||
Barn Stall Owner #102
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03-27-2020, 4:11pm | #15 | ||||||
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You've just nicely summarized the plot of Idiocracy. If you haven't yet seen this movie, snuggle up with the hubs and a bottle of wine and peep it this weekend.
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03-27-2020, 5:46pm | #16 | |||||||
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Quote:
You should start! |
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