Mind_your_head
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Fri May-09-08 01:10 PM
Response to Original message |
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and so does George Soros, for example, multi-billionaire who has lived in the same relatively modest house for the last 40-50 years, even though he could EASILY afford anything he wanted. I guess he likes/wants his modest house. There's a real lesson there.
kay & Rrrrr'd
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| -Why is it considered bad/stupid to have a savings account? |
TwixVoy |
May-09-08 12:57 PM |
#0 |
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The only people I know of who think that are money-under-mattress people. |
BlooInBloo |
May-09-08 12:59 PM |
#1 |
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It is not bad/stupid, just difficult |
uppityperson |
May-09-08 01:00 PM |
#2 |
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I think that is it. And with children, it's even more difficult. n/t |
whereismyparty |
May-09-08 01:58 PM |
#13 |
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one thing that helps is changing the terms spending or shopping to "giving my money to other people" |
RGBolen |
May-09-08 01:02 PM |
#3 |
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Yes |
TwixVoy |
May-09-08 01:07 PM |
#5 |
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Very well stated, TwixVoy |
thecatburgler |
May-09-08 01:07 PM |
#4 |
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Inflation |
ieoeja |
May-09-08 01:07 PM |
#6 |
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You sound like you could end up in that book, "The Millionaire Next Door". |
sinkingfeeling |
May-09-08 01:08 PM |
#7 |
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Yes, people are not good at having money and *not* spending it. |
electron_blue |
May-09-08 01:10 PM |
#8 |
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I agree with you |
Mind_your_head |
May-09-08 01:10 PM |
#9 |
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I agree with everything you've said here. |
Mike K |
May-09-08 01:23 PM |
#10 |
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Welcome to DU, Mike |
Mind_your_head |
May-09-08 01:53 PM |
#11 |
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In America, you are taught to be a consumer, "to keep up with the Joneses," as they say. |
Selatius |
May-09-08 01:57 PM |
#12 |
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I want to point out one flaw in your thinking |
truedelphi |
May-09-08 02:04 PM |
#14 |
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What about 401Ks? |
YOY |
May-09-08 02:07 PM |
#15 |
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401Ks were a scheme by Wall Street. |
Virginia Dare |
May-09-08 06:58 PM |
#36 |
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Yes, no matter how desperate I got at times, that savings |
Warpy |
May-09-08 02:14 PM |
#16 |
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You get 100% 401k match....wow! |
BlueEyedSon |
May-09-08 02:17 PM |
#17 |
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Such good advice |
eleny |
May-09-08 02:25 PM |
#18 |
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no one ever got laid b/c they have a giant 401-K |
nashville_brook |
May-09-08 02:30 PM |
#19 |
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It's natural selection |
SteelPenguin |
May-09-08 03:51 PM |
#30 |
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We've been conditioned to spend money and expect a way of life that is fundamentally absurd |
killbotfactory |
May-09-08 02:32 PM |
#20 |
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When ever I here about savings accounts it always takes me back to |
Mountainman |
May-09-08 02:49 PM |
#21 |
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The sad sick system needs people to be in debt. |
IronLionZion |
May-09-08 02:50 PM |
#22 |
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I give you credit for being you. I hope you understand that many people can not do what you've done |
Mountainman |
May-09-08 02:56 PM |
#23 |
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I feel for those folks. |
IronLionZion |
May-09-08 03:11 PM |
#25 |
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I've been saving for years |
raouldukelives |
May-09-08 03:02 PM |
#24 |
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You can look at Fidelity's website, but I don't think you'll find a "Christian 401(K)" |
A HERETIC I AM |
May-09-08 03:32 PM |
#27 |
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Thanks! |
raouldukelives |
May-09-08 03:59 PM |
#31 |
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Thank you for mentioning Socially Responsible Investing, as I was just about to. There are ads... |
Hekate |
May-09-08 04:04 PM |
#32 |
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A "xtian 401k" is called a "collection plate".... |
ret5hd |
May-09-08 06:42 PM |
#35 |
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What return on a savings account do you get and how does it compare with decline of dollar? |
Winterblues |
May-09-08 03:20 PM |
#26 |
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Sadly true. |
lonestarnot |
May-09-08 03:46 PM |
#28 |
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Well I only keep about 10% of my total assets |
TwixVoy |
May-10-08 12:09 AM |
#42 |
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I've had crap wages my entire life and have only recently been able to save |
alarimer |
May-09-08 03:51 PM |
#29 |
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I believe the "sick sad system" sponsored by greed-mongers is failing. |
sicksicksick_N_tired |
May-09-08 04:28 PM |
#33 |
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Twixvoy, I agree. Saving is essential. |
JDPriestly |
May-09-08 05:04 PM |
#34 |
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Yes, yes, yes...... |
Mind_your_head |
May-10-08 03:57 AM |
#45 |
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Every month I go to the bank on the first |
nadinbrzezinski |
May-09-08 07:14 PM |
#37 |
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Savings accounts are a BAD idea |
EvolveOrConvolve |
May-09-08 09:10 PM |
#38 |
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Unfortunately, Money Market rates have fallen below the rate of inflation too. |
A HERETIC I AM |
May-09-08 09:27 PM |
#39 |
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I'm getting 4.5% right now |
EvolveOrConvolve |
May-09-08 10:19 PM |
#41 |
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Yes I agree |
TwixVoy |
May-10-08 12:22 AM |
#44 |
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You're absolutely right |
EvolveOrConvolve |
May-10-08 11:28 AM |
#46 |
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You are financially literate - be proud of yourself |
StrongBad |
May-09-08 09:46 PM |
#40 |
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I wish I could Kick, Recommend, AND give several thumbs ups for this post. |
Jamastiene |
May-10-08 12:13 AM |
#43 |
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