http://articles.moneycentral.msn.com/SavingandDebt/Advice/RichDontSaveEither.aspx I read this article this morning and I found it very interesting. To be honest, its the opposite of what I had previously thought. I don't want to know anybody's personal situations, but do you think what they're saying is in fact that consistent among people in that income range?....or do you think everybody manages money differently and it has nothing to do with level of income. Also, how do you feel about responses from people such as "something unforeen always comes up", and "want some spending money". Do you feel that also just depends on the person, or that it effects the higher income bracket more because of the lifestyle they're accustomed to, as opposed to people that just buy and live off necessities? I'm not trying to pry in on anybody's business, but just seeing if anyone has any input. I obviously posted it on this forum to get certain views on it. Chris
personally I agree. I am not big on saving money at all. I feel like while I am young and making money I can afford to take a higher risk. So instead of earning the crappy 4.XX percent with an internet bank I invest in other higher risk ventures/stocks/etc. Im sure this will change when I have a family/get older and such. Plus you gotta enjoy your money while you are still young. Go buy 250k worth of strippers I say!
haaahaaaa well you don't spend money not on cars and not on girls in Score's so i don't know what you do with your money.
A little advise for you there Mr. Young and Risky. You better sock away some money now. By the way Cd’s pay 5 % , that is where Mr. Older and conservative keeps the bulk of his money. So you don’t think I am totally without risk I have been Day trading since 1999. I did it full time in 1999 - 2000, but when my business started doing well in 2001 I put the day trading into casual mode !! I still do it because I love the markets and the thrill of the trade. I am boring, I only trade 2000 Shares of the QQQQ and some other large Cap Nasdaq stocks , none of that risky **** .
You only live once... if your making the money spend it... the way i look at it you don't want to be 40 and say "i wish i could have done it when i was young"... however be calculated when spending your money. I personally invest in real estate and other avenues where i see a monetry growth in my portfolio. if any person needs solid guidance i can refer you to my personal financial advisors.
Well you dont want to be 40 and broke either. I live so far below my means that I should easily be able to retire if I want to in 10 years. That makes me feel a lot better then thinking I should have spent a lot of money and had more fun when I was younger
Can not say I am surprised. It is too common for anyone to save money now a days. I save money but I must say, there is a high temptation to spend it.
