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I know from experience that making large sums of money when young makes it hard to bring spending down when that income declines. I started an oil tool business in my early 20's, made tons of money and bought a lot of over priced toy's thinking every year I'd make more. When an oil bust occurred I didn't have enough cash to ride it out and never again reached that level of income. It's much easier to learn to budget when you start out making very little and slowly make more than to begin making a lot and then have to survive on much less.
I have friends that work construction making about $27 an hour with full union benefits. On the side they worked for anywhere between $25 to $40 an hour cash, no taxes. A pretty nice chunk of change. All without college or even sometimes finishing high school.
Compare that to someone making $50,000 to $80,000 a year with a masters degree.
It doesn't always have to be about college:)
Qualitative budgeting is the best way to save money. If you have a set amount or spending limit, and you compare everything in the offer, like a television in the above example, then you will be better off. It is not that hard to look and see where it is made, how it is made--including but not limited to: the refresh rates, dots per square inch, power consumption, durability, space requirements and dimensions, weight, compatibility with existing machines, aspect ratios, contrast, tint, brightness, color modes, environmental impact, human impact, etc. Basic qualitative analysis would reveal whether the money can or cannot, and should or should not be spent.
More earnings do mean more wealth, unless you waste it. Those without self-control or common sense will obviously waste it, but saying people shouldn't have more money because they spend it, is like saying people shouldn't have more food because they eat it ...
I get tired of hearing the idea of higher degrees meaning bigger salaries myth as true. The only reason people with higher degrees have higher salaries is because people who have higher salaries can afford to buy a degree, not because people who have higher degrees get better salaries. Correlation does not equate to causation, there may be other independent factors contributing to the correlation. Unfortunately, whatever data they are using is obviously not reflective of the current state of the economy or time.
Happiness is a state of mind. If you start claiming it is a feeling and treating it as such, it will come and go like the wind unless you can control your feelings. The real reason people's well-being improves is because they can afford to do things like sleep, eat unprocessed foods, and don't worry as much. (Note that having money can cause people to worry about losing it too, also affecting their well-being.) Again, if respect and social standing are needed to make you feel happy, then you're not truly happy. Maybe the tendency is for happy people to gain respect or social standing rather than the other way around.
I am not so sure going to a pricey institution is a "need." It probably is true that some get what they don't really need, while others who really have a need are unable to get it.
Credit really doesn't matter anymore, people and corporations either borrow beyond their means, or are capable of paying it back and don't really need to borrow.
I don't understand how people can live within their means if their means are 0. Anyway, I think it's pretty obvious that those that have money can't trust these "retirement" plans, where the hope is that they will die and pay out so much in fees, costs, fraud, corruption, inflation, and taxes for so little guaranteed returns.
One is probably better off doing the best with what they have instead planning for what they can't prepare.
It is what it is, I suppose.
This is another attempt to shine light on a subject to further confuse Americans about the need for fiat money and the Federal Reserve while scamming the public into thinking that productivity is determined by dollars. I guess you have to be older than 50 and blind, or under thirty and apathetic, not to see that we have people starving right here in America. Millions of men, women and children have entered the ranks of the homeless, destitute and hungry and all this government can do is respond with cuts to the SNAP program for the poorest in need. Yet, we have billionaires getting corporate welfare and everyone seems to think that this is acceptable. When did human NEEDS take a backseat to corporate GREED? Let us get into this a little further....
I can add another career to screen #4 that pays better. I'm a business jet mech/inspector, and when that expensive jet is down for maintenance, my few hours of labor and the RETURN TO SERVICE SIGNATURE that goes with it can make even a millionaires' face turn red!!
Sure, the doctors may make more per year total, but the dollars-per-hour numbers I generate should make anyone borrowing for college think twice. I include more than the yearly total in my personal calculator. I enjoy many sunny, beautiful days off, and easily save for my retirement as well. I may not get to the finish line with as many dollars as some people, but my suntan, relaxed lifestyle, and ZERO DEBTS account balance are worth a fortune to me. By the way, those millionaire jet owners work MANY, MANY more hours per week than most of you realize!!!!
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Even those who don't like to shop are probably hitting the stores this month. Here's what to be on the lookout for and here's what to avoid.