Before the fake pandemic, people would live a lifestyle they barely could afford. People living smart will have savings and investments then if they lose a job, they'll be able to manage it.
A lot of people at all stages live paycheck to paycheck depending on where they live.
Should someone who can't afford to lose their job who lives in a small one room apartment sleep on the street because they are "living above their means"?
No, they are living exactly at their means, but some people have lost a year now of work -- that goes beyond living above their means.
both of you are correct however I dont believe this is what southbeatz was talking about. The scamdemic is obviously an external factor forced on all of us. What he is referring to is that a good chunk of people out there don't have a goddamn clue how to properly manage and leverage their finances to their benefit. I say that as one of those very people who only just recently got their shit together.
The 99% should be living much better. Why can’t practically everyone have a house? We got a ton of land and resources. Without the government holding back, we should be thriving.
Part of the issue with the current system is that it is DESIGNED to create debt necessity. Do you have or did you ever have a mortgage? If so, that IS living beyond your TRUE means.
Stock markets crash, property prices plunge, health catastrophes happen, and sometimes financial institutions and entities outright abscond with money. Stuff happens even to "planners". For the untold number of people who went broke and then into debt this past year just trying to keep their businesses from permanent closure, "lack of planning" or living beyond their means wasn't the issue.
Uh, a pandemic that came from nowhere developed to put people out of their jobs and shit isn't living above their means.
Before the fake pandemic, people would live a lifestyle they barely could afford. People living smart will have savings and investments then if they lose a job, they'll be able to manage it.
A lot of people at all stages live paycheck to paycheck depending on where they live.
Should someone who can't afford to lose their job who lives in a small one room apartment sleep on the street because they are "living above their means"?
No, they are living exactly at their means, but some people have lost a year now of work -- that goes beyond living above their means.
both of you are correct however I dont believe this is what southbeatz was talking about. The scamdemic is obviously an external factor forced on all of us. What he is referring to is that a good chunk of people out there don't have a goddamn clue how to properly manage and leverage their finances to their benefit. I say that as one of those very people who only just recently got their shit together.
I agree. They quit teaching financial education in school decades ago.
Do you have anything in particular to recommend? Was it a book you found valuable?
The 99% should be living much better. Why can’t practically everyone have a house? We got a ton of land and resources. Without the government holding back, we should be thriving.
Part of the issue with the current system is that it is DESIGNED to create debt necessity. Do you have or did you ever have a mortgage? If so, that IS living beyond your TRUE means.
Stock markets crash, property prices plunge, health catastrophes happen, and sometimes financial institutions and entities outright abscond with money. Stuff happens even to "planners". For the untold number of people who went broke and then into debt this past year just trying to keep their businesses from permanent closure, "lack of planning" or living beyond their means wasn't the issue.
This is true. Most people don't even have $1000 in savings.