can you even believe that the avg household doesn’t have $10,000 in savings? i can’t. apparently, the “goal” is 6 months worth in liquid (cash). what the heck?! how will the children survive?
there’s this super funny meme out there from a tweeting hippo with dialogue:
A: how was work?
“socrates”: i asked a lot of questions.
A: plz get a real job. the kids are starving.
B: i’d rather die.
SO FUNNY, but like.. life is no joke. &like bana says, “there is half truth in jokes.”
we’re all taught to “follow our dreams” &yet only a few of us turn out to be a Steph Curry or “Socrates.” what kind of paycheck are you looking to bring home with that major?
why DO we spend all our earnings? we think it won’t run out? we spend like our government? &it’s just something we don’t talk about.
it’s the “secret shame of middle class americans.”
71% of people are concerned about having enough money to cover everyday expenses
25 % of people could not “come up with” $2000 in 30 days.. &19% would have to borrow
1/4 of households making $100k to $150k/year claim they couldn’t get $2k a month.
credit card debt per household in 2015: $6k
47% of people would have to take out loan to cover $400 emergency expense
while banks may “push credit,” “people nonetheless chose to run up debt/save too little”
“if you want to have financial security, it is 100 % on you”
“we all make those sorts of choices, and they obviously affect, even determine, our bottom line. but without getting too metaphysical about it, these are the choices that define who we are.”
the frivolous expenditures; all the luxurious conveniences we have at our disposal. this is what capitalism affords us. So many options. Too many options? You see how much freedom actually costs you when you make the wrong decisions for your life. in the movie “the giver,” the fascist in charge is played by Meryl streep who defends her reign over the masses by saying, “people choose wrong every single time.” so, do you want to make your own choices &face consequences or have your decisions made for you (because you lack the self-control)? catch-22, huh?
when i told penelope a financial goal of mine, she looked to the Dunkin Donuts coffee on my desk &said “don’t buy this anymore.” BOOM (truth bomb explodes). “It adds up.”
this kid i know of, he’s always “broke,” & yet he can afford a $180 “life of pablo” tee. thrift; it’s an antiquated concept in our narcissistic culture. the “shame” felt is cause deep down, we know our desires get 1st dibs. hungry? food. thirsty? drink. tired? coffee. the supply meets my demand 24/7 (hi @711). we are not taught self-control. how dare u tell me no?
before the article goes into the writer’s poor money choices, it hints at this idea of the money just disappearing. like his income is so low, he can’t afford his expenses.
(&i want to cite this article about how “the average american is richer than john d rockefeller” without going too far into this idea of wages diminishing. if you consider the longer life span, or air conditioning on a train, or 1 day travel &1 day shipping…or THE COMPUTER CALLED MY PHONE THAT FITS IN MY HAND.. we are all more rich than he!)
dave ramsey HATES DEBT &describes the person who spends before he has as the kid in the checkout line at the grocery store screaming bc Ma won’t let him have the candy.
choices writer made (who is 1 of the 47% who can’t afford $400 emergency expense):
married with 2 children
buys a place in brooklyn
private > public high school for children
moved to east hampton to rent house
doesn’t/couldn’t sell co-op in bk (carries 2 mortgages for years)
wife quits job to stay with kids
finally sells bk apt for “steep loss” (“wanted to cover (at least) what owed the bank”)
wife out of work for so long, she is no longer skilled enough as film exec
kids must go to “brand name” universities
“basically, i screwed up, royally”
“and so the hole was dug. and it was deep. and we may never claw our way out of it”
NO WONDER EVERYONE is SO dang TIRED ALL dang day. HOW DO U SLEEP?
"I'm living so far beyond my income that we may almost be said to be living apart” e.e cummings
if you can , keep your head when all about you are losing theirs &blaming.. trust yourself when all men doubt, but make allowance for their doubting too; if you can wait ¬ be tired of waiting, or being lied about, don't deal in lies, or being hated, don't give way to hating, &yet don't look too good, nor talk too wise. if you can dream -¬ make dreams your master; think -¬ make thoughts your aim; if you can meet w Triumph &Diaster, &treat those 2 imposters just the same; if you can bear to hear the truth you've spoken twisted by knaves to make a trap fro fools, or watch the things you gave your life to, broken. &stoop &build em up w worn -out tools. if you can make 1 heap of all your winnings &risk it on 1 turn of pitch &toss, &lose, &start again at your beginnings, &never breathe a word about your loss.. if you can talk w crowds &keep your virtue, or walk w Kings -nor lose the common touch, if neither foes nor loving friends can hurt you. if all men count w you, but none too much.. Yours is the Earth &everything that's in it, &-which is more -you'll be a Man, my son!
-father's advice to son; Kipling
"in order2be able2think you have2risk being offensive."JBP
i am no bird; &no net ensnares me. -charlotte bronte
"never give in, never give in, never, never, never, never -in nothing, great or small, large or petty -never give in except to convictions of honor &good sense." -w. churchill. 10/28/41
i am not afraid of storms, for i am learning how to sail my ship. -louisa may alcott
nothing in this world can take the place of persistence. talent will not: nothing is more common than unsuccessful men with talent. genius will not; unrewarded genius is almost a proverb. education will not: the world is full of educated derelicts. persistence &determination alone are omnipotent.
i am not an extraordinary man, &i am quite ordinary. but God chose me for something quite extraordinary. -a. valladares receives '16 canterbury medal.
not failure, but low aim, is crime -james russell lowell
a genuine leader is not a searcher for consensus but a molder of consensus -mlk jr. (you are all leaders .#experts)
it is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. the credit belongs to the man who is actually in the arena, whose face is marred by dust &sweat &blood; who strives valiantly; who errs, who comes short again &again because there is no effort without error &shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worth cause; who at the best knows in the end the trump of high achievement, &who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold &timid souls who neither know victory nor defeat. -theodore roosevelt
we are what we repeatedly do. excellence, then, is not an act, but a habit. -aristotle
no one can make you feel inferior without your consent. -eleanor roosevelt
a dead thing can go with the stream, but only a living thing can go against it.-gk c.