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Jan 20, 2023
9:41
:25
am
NarfUte
All-American
RE: I've heard this explanation my whole life and it doesn't make sense to me.
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NarfUte
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NarfUte
Joined
Nov 22, 2005
Last login
Jun 16, 2024
Total posts
3,944 (2 FO)
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Messages
Author
Time
I've heard this explanation my whole life and it doesn't make sense to me.
Booya Grandma
1/20/23 9:38am
Parental bailouts
snowbird
1/20/23 9:39am
Not everyone but a lot of people are increasing salaries over the same time.
Soren Tversky
1/20/23 9:40am
Recently you could keep rolling debt into house payments. Yes the debt increases
johnnybyu
1/20/23 9:40am
Yep with interest rates being so low for so long and housing prices going up
sandtrapcougar
1/20/23 9:43am
Conversing with a UCCU exec about the record number of Helocs they have done
johnnybyu
1/20/23 9:47am
RE: I've heard this explanation my whole life and it doesn't make sense to me.
NarfUte
1/20/23 9:41am
I think you underestimate the ability to roll debts forward and the length of time they can be delayed…
Tokolosh
1/20/23 9:43am
People hide their other economic privileges, too.
ReiUrso
1/20/23 9:50am
I am always AMAZED at the garages full of expensive cars and toys and the houses
Doogal McCougar
1/20/23 9:51am
Have you ever considered that maybe you DON'T have a good idea what money others have?
kccougar
1/20/23 9:52am
Yes. All the time.
jxncoog
1/20/23 9:57am
Of course. The amount of money is irrelevant. I'm shocked that people either
Doogal McCougar
1/20/23 10:21am
I wonder how many are truly preparing for retirement
jxncoog
1/20/23 9:54am
Potential/likely inheritance absolutely will change behaviors.
Tokolosh
1/20/23 9:55am
I'm someone who has an inheritance coming. It does odd things to your planning.
ReiUrso
1/20/23 10:01am
Your planning approach matches ours.
jxncoog
1/20/23 10:13am
My parents told me they plan to spend it all and not expect anything.
NumbersGuy
1/20/23 10:38am
My good friend makes probably similar to what I make. But he buys way more
maxpowers
1/20/23 10:50am
My employees drive nicer cars than me - some make $25-$30/hr so I know their
BYUfan92
1/20/23 11:00am
Balance sheets are invisible. Momentum is fleeting. Eventually it all catches
Acorn
1/20/23 11:30am
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