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Reply to "Giving kids a down payment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is the most myopic humblebrag thread I have ever seen. [/quote] Hey put your binoculars on and see the rest of the country... For most there's not any "it" or a very tiny "it" to be "theirs someday" and no real "estate" with even $100k in it. [/quote] I grew up in the midwest so I understand that. But for many like that, it's about choices. Have a sibling like that, they are a teacher in a state where teachers get paid very well even at entry level, relative to the cost of living. But that sibling has always chosen to live above their means---as in, if you cannot afford it you don't need to own 3 winter coats, and you don't replace a perfectly safe/good car with 75K miles on it because you want a new car---or at least you don't do things like that and then complain "I don't have enough money, and I'm in debt". You also take advantage of your time when you are not at school (think summers for 8-9 weeks) and get a job, if you are in debt. Tutor, teach summer school, anything, once your kids are old enough to not require you home all day (or daycare). This is someone making plenty to live in their area, but somehow manages to spend it all (not much to show for it) and be constantly in debt. And they have plenty of friends who do the same. Life is all about choices. You choose your career path. If you don't like it, then work to find a way to improve it. But in the meantime, you have to live within your means. If you only make, X then you cannot spend more than X, and ideally you need to find a way to save some for retirement. Anything at all. So yes, the economy is not good now, but there are jobs, and a smart person takes any job to pay the bills doesn't waste money they don't have. [/quote]
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