Reply to YOLO vs savings - please share your stories

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Reply to "YOLO vs savings - please share your stories"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I like having enough money that i do not need to worry about being able to afford important things.  [b]I would YOLO if I lived in Scandinavia [/b]or some other civilized country.  U feel that USA is pretty brutal to its poorer citizens so I save enough to be able to live relatively worry free here.  Money removes a lot of stress and unless one is born rich being frugal is the most straightforward way of generating some safety buffer.[/quote]

Do you know that Scandinavians have some of the highest personal debt amounts in the entire world?  They are debt slaves.  They also have way less freedom to retire early or do anything remotely different from their peers.  You do what the system tells you to do.  The way the tax system works you have to take it as large of a mortgage as you can possibly obtain.  It’s hardly a perfect place since almost all women have to work to pay for their huge mortgage.  They have a much lower disposable income amount as well.  The fact you think there is less stress about money in a Scandinavian country is laughable.  [/quote]

I am looking at this from my specific perspective. I doubt I would have any more debt if I lived there vs. here.

[b]Just a simple fact that US does not have a paid maternity leave is all that one has to know whether society cares about its people.  US prospered because it was able to import a lot of smart people and outsource the cost of raising them.  [/b]That seems to be ending and YOLO is definitely to a way to respond to that.   I equate YOLO to someone tailgating, basically not thinking ahead and not understanding statistics.[/quote]

The US doesn’t have paid leave because most people don’t want  it.  They support the idea of paid leave but do they want the government controlling it?   Nope.  I actually personally support paid leave but I understand the benefit of not having it.  America didn’t become the country it is by people not going to work.  European countries have benefits like paid leave because the US is for the most part their military.  In many countries women have been negatively impacted in unexpected ways by paid leave and being out of the workforce for years.  Also, the cost of living is still MUCH MUCH lower than in European countries with paid leave.  Many people have no idea how much more expensive it is to pay for basic housing, food and clothing in European countries.  On top of the taxes.  It requires two incomes.

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