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. #71
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    Re: Do you have money saved?

    Quote Originally Posted by Jerry View Post
    12-14hr days. Sun+Mon+Tues= 36 to 42hrs, so by Wednesday morning I'm either about to cross into OT or have just crossed into it. My hours cap is 70 so that means I usually take Saturday off.
    I always found that 8 hours was the max optimum amount of overtime. If I am not wrong the higher wage of overtime will face highest marginal tax rate. The overtime work can actually push one into a higher tax bracket.

  2. #72
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    Re: Do you have money saved?

    Quote Originally Posted by Cardinal View Post
    For a guy with a host of psychiatric disorders you're pretty goddamn functional. At least on this forum.
    It's why I stepped down as a mod. And why I take long absences. I'm not capable of functioning in a work environment-- at least, not for long. Nobody's willing to keep someone on payroll who has to take off randomly in the middle of shifts or call in sick for weeks at a time.

  3. #73
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    Re: Do you have money saved?

    Quote Originally Posted by Korimyr the Rat View Post
    It's why I stepped down as a mod. And why I take long absences. I'm not capable of functioning in a work environment-- at least, not for long. Nobody's willing to keep someone on payroll who has to take off randomly in the middle of shifts or call in sick for weeks at a time.
    Understood. That being said, you hold it together better than the majority of posters here. In fact, aside from a couple outre positions you've held I never would have known about your condition if you hadn't continually mentioned it. I guess it pays to know you're crazy, rather than have everybody suspect it in your stead.

  4. #74
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    Re: Do you have money saved?

    Quote Originally Posted by Crosscheck View Post
    I always found that 8 hours was the max optimum amount of overtime. If I am not wrong the higher wage of overtime will face highest marginal tax rate. The overtime work can actually push one into a higher tax bracket.
    Yeah it does bump you into another tax bracket but you still take home a more. My 75hr check is a hell of a lot bigger than my 48hr check.

  5. #75
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    Re: Do you have money saved?

    Quote Originally Posted by imagep View Post
    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.
    Do you have any investments?

    What are they in? What FORM are they in?

    Now. How do you protect your savings or investment when the money supply is corrupted by a destructive government printing up more...dollars, sheckels, pesos, whatever? You had to work hard to earn those dollars; and you invested them in mutual funds - or put them in savings tools - and alluva sudden, those dollars are worth FAR LESS.

    It's the story of Wiemar Germany. Or of Zimbabwe a few years ago. Or US in a few years, when all that fake, printed-up money starts washing into the general circulation.

    There are few practical ways of saving without a monetary currency and NO practical way to invest. And no, Beanie Babies or Britney CDs are not investments.

  6. #76
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    Re: Do you have money saved?

    Quote Originally Posted by JustPassinThru View Post
    I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not.
    That would only tell me grocery prices...not gas prices, computer prices, tv prices, washing machines, etc. Weighting everything (and many food items, including basics like white bread, peanut butter, potatoes, have gone down in the last year) average prices haven't gone up much.

    The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.
    I have never ever encountered anyone who made this claim who actually understood how the figures were calculated.
    I am extremely confident you don't either, but I'm sure you have links to bloggers or scare-mongers or gold-bugs which will be filled with misinformation.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

  7. #77
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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
    That explains your name.

  8. #78
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    Re: Do you have money saved?

    Quote Originally Posted by Crosscheck View Post
    I always found that 8 hours was the max optimum amount of overtime. If I am not wrong the higher wage of overtime will face highest marginal tax rate. The overtime work can actually push one into a higher tax bracket.
    But with our bracket system, you only pay the higher bracket rate on the amount of income that is in that bracket. So if someone made $1000 a week and paid $100 in federal income tax, the next week they made an extra $100, which all fell into the next higher bracket (let's just say 25%), they would only pay $25 more in federal income taxes, not $175 more.

    Personally I would be OK with fewer brackets. They really server no purpose other than making things overly complicated. Even a flat income tax would be OK with me as long as it taxed all forms of income at the same rate (capital gains included) and was inclusive of payroll withholdings taxes (social security and medicare).
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  9. #79
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    Re: Do you have money saved?

    Quote Originally Posted by pinqy View Post
    That would only tell me grocery prices...not gas prices, computer prices, tv prices, washing machines, etc. Weighting everything (and many food items, including basics like white bread, peanut butter, potatoes, have gone down in the last year) average prices haven't gone up much.


    I have never ever encountered anyone who made this claim who actually understood how the figures were calculated.
    I am extremely confident you don't either, but I'm sure you have links to bloggers or scare-mongers or gold-bugs which will be filled with misinformation.
    Gasoline prices are down because crude oil prices are down; crude oil prices are down because the price structure is not reflecting cost of recovery, but the demands of the OPEC cartel. It's a manipulated price.

    Computer prices are down as it's a mature industry benefitting from improvements in production as well as suffering from a soft market - as computers move into the bulk-commodity market. This is always the way of new technology - be it automobiles a hundred years ago, or phonographs, or televisions, or video recorders. Prices start high to pay for the startup costs, and then, as competition ensues and the initial demand slaked, prices fall.

    Milk is about five times what it was seven years ago. Beef, over three times what it was. Clothing, nearly double. Many forces are at work there, but one reason the prices have adjusted upwards is that the individual dollar is worth less.

    Because it's been diluted. Textbook inflation.

  10. #80
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    Re: Do you have money saved?

    Quote Originally Posted by JustPassinThru View Post
    Gasoline prices are down because crude oil prices are down; crude oil prices are down because the price structure is not reflecting cost of recovery, but the demands of the OPEC cartel. It's a manipulated price.
    Computer prices are down as it's a mature industry benefitting from improvements in production as well as suffering from a soft market - as computers move into the bulk-commodity market. This is always the way of new technology - be it automobiles a hundred years ago, or phonographs, or televisions, or video recorders. Prices start high to pay for the startup costs, and then, as competition ensues and the initial demand slaked, prices fall.
    But can you find out what the price is at the grocery store? You suggested the grocery store was all that was needed for overall prices.


    Milk is about five times what it was seven years ago. Beef, over three times what it was. Clothing, nearly double.
    Yeah, you can't just make up numbers and try to pass them off. Currently milk is at abour $3.40/gallon at Walmart. But you're saying that it was $0.68/gallon 7 years ago and went up on average 25%/year? No.
    Milk went up about 12% from 2007 to 2014 (21% since 2009)
    Beef and veal went way way up in that time....41% increase. But you're claiiming a 200% increase. No.

    There are no even semi-legitimate sources that would give you those numbers.

    But you also missed a big part of my point is that you claimed the inflation and unemployed numbers are manipulated but you don't actually know how they're calculated.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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