Interesting article on Nomadic lifestyle
Nomadic lifestyle
Forum Discussion
^ so yeah, there are folks who got dealt a bad hand and there are folks are are not physically smart enough to hold more than the most menial job without benefits. This has always been and will always be. It's called society.
But I've learned, through mostly the example set by my blue collar, lower income, honest hard working parents, that most people's financial issues arise out of irresponsibility, bad work ethic or living above their means.
As I sit here, I can thank my parents for this training and being a good example, so that I can be much more financially successful than they were. (Also helps that I am a motivated person and educated)
While there, again, are many who have a good reason for being in the situation they are, there are more that who spent more than they earned and somehow thought it would magically work itself out.
I learned that from living in AZ from 2003-2005. Moved there in the midst of the housing boom. We bought a new house that was gaining value about 10 grand a month.
Was nice knowing that there was equity building in it, but it didn't change how we lived.
Before long, most of the people we knew were taking equity loans to do everything from buying new vehicles and toys to remodeling brand new homes because now they could "afford " the granite counters and 50grand backyard pools.
Well, market turned. We did the obvious thing. Sold the house, cashed out a couple hundred thousand and moved. All the dipchits that got 200k in equity loans for junk, lost their @ss. I'd say it was 10:1 stupid moves vs fiscally responsible ones.
But I've learned, through mostly the example set by my blue collar, lower income, honest hard working parents, that most people's financial issues arise out of irresponsibility, bad work ethic or living above their means.
As I sit here, I can thank my parents for this training and being a good example, so that I can be much more financially successful than they were. (Also helps that I am a motivated person and educated)
While there, again, are many who have a good reason for being in the situation they are, there are more that who spent more than they earned and somehow thought it would magically work itself out.
I learned that from living in AZ from 2003-2005. Moved there in the midst of the housing boom. We bought a new house that was gaining value about 10 grand a month.
Was nice knowing that there was equity building in it, but it didn't change how we lived.
Before long, most of the people we knew were taking equity loans to do everything from buying new vehicles and toys to remodeling brand new homes because now they could "afford " the granite counters and 50grand backyard pools.
Well, market turned. We did the obvious thing. Sold the house, cashed out a couple hundred thousand and moved. All the dipchits that got 200k in equity loans for junk, lost their @ss. I'd say it was 10:1 stupid moves vs fiscally responsible ones.
