View Poll Results: Do you save money?

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  • I save money

    55 80.88%
  • I don't save money

    13 19.12%
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Thread: Do you have money saved?

  1. #61
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    Re: Do you have money saved?

    Quote Originally Posted by PoS View Post
    You know if you became a monk as opposed to going on your orgy tours you would have had a nice nest egg by now.
    i'd prolly be a US dollar millionaire today.
    I don't have proof for any of this, but you have to wonder.

  2. #62
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    Re: Do you have money saved?

    Quote Originally Posted by JustPassinThru View Post
    It's not?

    How do you measure productive investment, if not in dollars invested? Or other currency. One reason the United States was so prosperous over the years is that, mostly, in years past, the money supply was stable.

    If it is not stable, if return-on-investment means little because it has to be weighed against a to-be-determined inflating of the currency...investment stops. People buy gold instead and bury it. And that drags the economy DOWN; it doesn't stimulate it.
    Investment in the United States is at record highs so I am not sure what you are talking about.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  3. #63
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    Re: Do you have money saved?

    Quote Originally Posted by JustPassinThru View Post
    It's not?

    How do you measure productive investment, if not in dollars invested? Or other currency. One reason the United States was so prosperous over the years is that, mostly, in years past, the money supply was stable.

    If it is not stable, if return-on-investment means little because it has to be weighed against a to-be-determined inflating of the currency...investment stops. People buy gold instead and bury it. And that drags the economy DOWN; it doesn't stimulate it.



    I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not. The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.

    Second, Inflation is NOT rising prices. Rising prices are a result of inflation; but other factors can come into play. Inflation is, literally, an inflating of the supply of the currency. Injecting new units, created out of nothing, which devalue the existing units, which were traded for wealth.

    The currency can be inflated and yet prices remain down; and one reason we're not seeing - yet - hyperinflation, is that people are scared spitless and are resisting buying any but essential items. Fewer buyers result in price decreases or at least prices remaining fixed.

    The money supply IS increasing by over a trillion dollars every year. That is GROSSLY irresponsible and WILL show up later as hyperinflation.
    The part I bolded explains what money is. It's not wealth, it's an accounting tool that we use to measure wealth with, and something that we use as a medium of exchange. Money in itself isn't productive, it's only productive when it is put to use. Someone saving money in a jar or in a bank account isn't doing anything productive with it, and surely they understand that over time, money reduces in value.

    Going back a few thousand years, there really was no such thing as long term savings. If a farmer tried to save his crop, eventually he would find that vermin have destroyed it. If a hunter tries to save his kill, it would spoil. It used to be that we just inheritently understood that our savings would decline in functionality over time. These days, the entitlement mentality seems to prevale, and many people expect that they should get free money just for saving, without doing anything productive. Those who think that are really little different than those who expect the government to give them welfare. It's all about something for nothing.

    If you are planning on doing a lot of saving, then you should exchange your money for something that you feel should retain it's value better. Or better yet, exchange your money for something productive, like rental property or start a business.

    It's really kind of silly that people think they should just be able to keep money (in a jar or in a bank account), and do nothing productive with it, and expect that the value of that money should magically increase. Money in itself is basically worthless. The government creates money out of thin air, and it can be created in virtually unlimited quantities at nearly no cost.
    Last edited by imagep; 04-01-15 at 05:19 PM.
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    ...I'm not interested in debating someone who is trolling for an argument....
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    I see a big problem with the idea that whatever the majority wants is OK.

  4. #64
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    Re: Do you have money saved?

    It's not that I save it's more that I just don't spend money. My co-workers and friends tend to make fun of how a live but it doesn't take much to make me happy
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  5. #65
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    Re: Do you have money saved?

    Quote Originally Posted by 3step View Post
    According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
    Yup, I have about one months money stored in my savings account just in case I need a bit of money for my car, a new appliance or something like that.

    I do not need to really save for my pension because I get a state pension when I retire and a bit on the side from my previous employments.
    #StayStrongAppie

  6. #66
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    Re: Do you have money saved?

    Quote Originally Posted by 3step View Post
    According to new studies released recently, roughly a third of American adults don't have any emergency savings. As for me, usually I put 20% of my income into my deposite account and I have some cash for a rainy day saved at home. Do you have savings for emergency case or maybe for retirement? What part of your income do you save?
    None of your business.
    "God Bless Our Troops in Harms Way."

  7. #67
    Irremovable Intelligence
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    Re: Do you have money saved?

    Quote Originally Posted by Korimyr the Rat View Post
    My brain crapped out on me. I've got a laundry list of psychiatric disorders.
    Look at the link below. It might help if you would contact the nearest "Center for Independent Living" and talk with an "Advocate" who will help you "get the government's attention", whichever the appropriate agency might be.

    Psychiatric disorders/disabilities can be diagnosed and verified at your local MHMR office who does assessments and provides medication. And sometimes MHMR's can help with "advocates"...or at least make a referral to a local CIL (Center for Independent Living).

    SSI is sometime hard to get if you've never had any type of income, but not impossible. SS always turn down first applications for a lot of people who have had incomes Sometimes several applications. But with some assistance from an Advocate, it might work.

    In my opinion, it's worth a shot. You will have to be persistent. And...the right advocate can help with the "persistent part".

    ILRU Directory of Centers for Independent Living (CILs) and Associations - 2014 (Vol. 36) | Independent Living Research Utilization


  8. #68
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    Re: Do you have money saved?

    I have a lawyer, but thank you. And through my mental health clinic, I have a case manager who helps me deal with government agencies.

  9. #69
    Almost respectable

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    Re: Do you have money saved?

    Quote Originally Posted by Korimyr the Rat View Post
    I have a lawyer, but thank you. And through my mental health clinic, I have a case manager who helps me deal with government agencies.
    For a guy with a host of psychiatric disorders you're pretty goddamn functional. At least on this forum.

  10. #70
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    Re: Do you have money saved?

    Quote Originally Posted by iliveonramen View Post
    It's not that I save it's more that I just don't spend money. My co-workers and friends tend to make fun of how a live but it doesn't take much to make me happy
    Same here, I don't drive a fancy car..my car has been paid for many years ago. I don't buy crap I don't need.

    I have the cash now, but it has to be something I really want (like a pristine pinball machine that I want for under 2K). I travel a lot, but I found that staying in the $70 a night hotel is the same as staying in the $300 a night hotel...because I rent a car and spend the days at a beach or hiking...which costs nothing.
    "Those who do not remember the past are condemned to repeat it." George Santayana

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