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Thread: The role of parents in financial education

  1. #166
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    Quote Originally Posted by jonbuoy View Post
    The only reason it doesn't happen is because of the repercussions from the government and police.

    Its not money thats the problem - its human nature - greed, inequality, stupidity and laziness.

    Are you seriously saying that you would allow all the megarich to keep their mansions, cars, yachts, private jets? I assume people living on the poverty line will at least be given resources? Will they be given a mansion, a private jet and a Bentley - if not why not? We are all equal after all? Have you ever been to a third world country where the governments don´t have the resources to control gangs? The majority may live in peace - it doesn't take much of a minority to spoil it. Ever rented out a house and seen how people treat property that's not theirs?
    And those repercussions will still exist. Why would that change?

    Absolute bullshit. There's no such thing as human nature. I have exactly the same range of emotions, actions, feelings, wants and desires as every other person on the planet, yet I'm wanting something different. Those emotions and actions etc... are all reactions to circumstance, no more, no less. Fuck it, you won't know what I'm talking about because human nature is a falsehood above all others... and if that's the best excuse you have, then you're sorely lacking in the brains department sunshine.

    Yes, they can keep what they have! There is no reason to take them away from those people. EVERYTHING WILL BE FREE, so people on the poverty line will have access to everything they need to get them out of poverty without having to worry about how much it is going to cost. would "they" be happy with a healthy home? would "they" be happy with an electric car or small banger? would "they" be happy with enough that stops them from having to struggle?
    I didn't think!!! I experimented!!!

  2. #167
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    Quote Originally Posted by jonbuoy View Post
    Brilliant - who knows in a few more generations the majority of teenagers will be inspired and aspire to be brilliant scientists, doctors and engineers not football players and their skanky wives.
    Not if they can't afford the education fees.
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  3. #168
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    Quote Originally Posted by Ocean1 View Post
    I told you: bad shit wouldn't happen. You no listen.

    Oh please, you're calling Abu the moneylender in the village market an unavoidable debt driven system?

    You get your facts confused with what the rest of civilisation call unmitigated and unsubstantiated crap.
    You no prove it.

    ALL MONEY IS DEBT! IT IS INTEREST BEARING. IT IS UNAVOIDABLE FOR MONEY TO NOT CARRY A DEBT. Just in case you're not wearing your glasses.

    fuckin priceless.
    I didn't think!!! I experimented!!!

  4. #169
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    Quote Originally Posted by mashman View Post
    And those repercussions will still exist. Why would that change?

    Absolute bullshit. There's no such thing as human nature. I have exactly the same range of emotions, actions, feelings, wants and desires as every other person on the planet, yet I'm wanting something different. Those emotions and actions etc... are all reactions to circumstance, no more, no less. Fuck it, you won't know what I'm talking about because human nature is a falsehood above all others... and if that's the best excuse you have, then you're sorely lacking in the brains department sunshine.

    Yes, they can keep what they have! There is no reason to take them away from those people. EVERYTHING WILL BE FREE, so people on the poverty line will have access to everything they need to get them out of poverty without having to worry about how much it is going to cost. would "they" be happy with a healthy home? would "they" be happy with an electric car or small banger? would "they" be happy with enough that stops them from having to struggle?
    Really - you live in a dream world. So you have the same range of emotions, actions, feelings, wants and desires as - Fred West, Jack the Ripper, Genghis Khan, Stalin, Hitler, Paedophiles, mass murderers and freaks who like to lock girls in their basements for decades?
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  5. #170
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    Quote Originally Posted by mashman View Post
    ALL MONEY IS DEBT! IT IS INTEREST BEARING. IT IS UNAVOIDABLE FOR MONEY TO NOT CARRY A DEBT.
    Your money might well be carrying debt, you sound just like the sort of loser that maxes out his visa and then bleats about the system bein' all wrong.

    But where's the debt carried by this here wad in my pocket, genius?
    Go soothingly on the grease mud, as there lurks the skid demon

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    Quote Originally Posted by jonbuoy View Post
    Really - you live in a dream world. So you have the same range of emotions, actions, feelings, wants and desires as - Fred West, Jack the Ripper, Genghis Khan, Stalin, Hitler, Paedophiles, mass murderers and freaks who like to lock girls in their basements for decades?
    Yes.

    Quote Originally Posted by Ocean1 View Post
    Your money might well be carrying debt, you sound just like the sort of loser that maxes out his visa and then bleats about the system bein' all wrong.

    But where's the debt carried by this here wad in my pocket, genius?
    ... wrong, try again.

    ... in the same place that everyone else's debt is.
    I didn't think!!! I experimented!!!

  7. #172
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    Quote Originally Posted by mashman View Post
    Yes.



    ... wrong, try again.

    ... in the same place that everyone else's debt is.
    Scary
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  8. #173
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    Quote Originally Posted by jonbuoy View Post
    Scary
    this thread just keeps on giving. Question for ya jon, ok, maybe 2. Where does a creditor keep their debtor information? A) In the debtors wallet or B) in a ledger... And when they want it back, do they have the right to take it out of a bank indiscriminately to pay back that debt? A) Yes. B) Yes.
    Last edited by mashman; 28th May 2013 at 19:06. Reason: Added multi choice
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  9. #174
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    Quote Originally Posted by mashman View Post
    in the same place that everyone else's debt is.
    You've got no fucking idea, dude, it carries no debt whatsoever. You just grasp anything from the interweb that sounds like it agrees with your dogma. And all that really does is add yet one more to the army of losers that reckon all their problems are someone else's fault, and when you can't actually point to a particular person you blame "the system".
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  10. #175
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    Quote Originally Posted by mashman View Post
    I do understand that yes. You can't save it all as you would starve to death amongst other things. In other words discretionary and disposable income to use the technical terms.

    True. But if enough kids are what you would class as financially sensible, there will be a knock on effect to the economy as far as I can see. Would you not agree?

    Nope and I have explained why with a few scenarios, I believe.

    If a person is financially savvy, they will realise that it is cheaper not to have the car or bike in the first place, but to use public transport.

    Yes but you originally asked what I thought was a rhetorical question about spending vs saving (there no vs!) and repeatedly required the answer, so I answered it.

    Of course it might be preferable but that's not what you asked now, is it.

    However, I have asked friends if they really needed the new curtains, new carpet when there was nothing wrong with the old and tinted windows piled up on the mortgage. Sadly they've taken three steps backwards.
    By all means, is it necessary is a bloody good question, there's no substitute for common sense.


    No car/bike sales... and if the goal is to get into the housing market, why would you need either, especially in the big city?

    Because if you're a first home buyer and thinking, aim lower to increase equity, you'll quite likely need transport to commute.
    You just saved at least 200k plus interest, shaved 10 years off your loan and gained the ability to choose your mode of transport/toy, you're welcome.


    I had a house before I owned a car. Perhaps you're saving for that couch, or that TV, or whatever it is you;re going to save for that you ordinarily would have spent on other things.

    No, because you already have a savings plan in place, prior to the goal.

    The point is, it's a lifestyle thing and because you're taught how as a child, thus heading into the adult world you have lots!

    The nudge is the kid has had a decade of fiscal responsibility and understanding if you don't earn, you don't gain.
    You don't spend what you don't have, also respect and a sense of pride in what they've worked hard for.

    This has knock on effect in their character, pride and wider values.

    I doubt if respect is the same for what you or anyone else owns, if it's not earned.

    Which brings me to consumerism. Won't the fact that we can have an endless supply of what we want have an even worse effect on consumerism and resources? This is important.

    Saving/Not spending will have an economic affect that is greater than the individual.

    Billions of individuals in personal debt created an economic effect greater than the individual. So, Incorrect.

    Again, You are saving a portion, while spending, lol.
    Again, since your focussed on saving - not everyone is saving at the same rate, nor spending savings at the same rate, so it's all relative
    .

    And in response to that will industry lower their prices to make up the shortfall? If not, then in 5 years time, you could be paying 2.5k over and above (true you could be paying less) the value. I understand the tradeoffs, and I would venture that many do when it comes down to it. The economy is built on debt and it needs more debt to grow.

    Hmm, nope I disagree. See the domino effect of the housing collapse in the US, prior to the GFC.

    Also, why, if people are happy with paying 5k of interest over 5 years (which they are), would a person wait when the can realise the dream of having a car in the first place. This happens with a greater success rate than not. Yes you pay more, but your realise the benefits earlier and pay the loan interest that you are happy with paying. An economic trade off.
    Indeed, and that's human nature.
    I don't see it as a trade off.
    ter·ra in·cog·ni·ta
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    Quote Originally Posted by Ocean1 View Post
    You've got no fucking idea, dude, it carries no debt whatsoever. You just grasp anything from the interweb that sounds like it agrees with your dogma. And all that really does is add yet one more to the army of losers that reckon all their problems are someone else's fault, and when you can't actually point to a particular person you blame "the system".
    TANSTAAFL... if money isn't free, then it carries debt. That is an indisputable fact. You'd have to be a moron wrapped in stupid to believe otherwise. Funnily enough, I don't fully blame people, but I hold the system primarily responsible for the deaths of billions of people. Those who defend that system are guilty of murder.
    I didn't think!!! I experimented!!!

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    Quote Originally Posted by Genestho View Post
    Indeed, and that's human nature.
    I don't see it as a trade off.
    No such thing... it's all learned behaviour.
    Can you explain to me why the economy is in the crapper? Not the GFC etc... but from an economic point of view. What needs to happen for the economy to re-launch itself?
    I didn't think!!! I experimented!!!

  13. #178
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    Quote Originally Posted by mashman View Post
    TANSTAAFL... if money isn't free, then it carries debt. That is an indisputable fact. You'd have to be a moron wrapped in stupid to believe otherwise. Funnily enough, I don't fully blame people, but I hold the system primarily responsible for the deaths of billions of people. Those who defend that system are guilty of murder.
    But it is free. It's my lunch. I earned it. I own it. So man up and explain where it's debt is.

    As for the rest, only a hypocrite could believe that and waste the resources you have, so if there's blame to be shared around I'd say you qualify for more than most.
    Go soothingly on the grease mud, as there lurks the skid demon

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    Quote Originally Posted by Ocean1 View Post
    But it is free. It's my lunch. I earned it. I own it. So man up and explain where it's debt is.

    As for the rest, only a hypocrite could believe that and waste the resources you have, so if there's blame to be shared around I'd say you qualify for more than most.
    I asked jon to help give me the answer before.

    Hypocrite? I'm not defending the system... and I DO take my fair share of the blame, hence the reason that I have changed my mind in regards to supporting the current system. You're wrong again.
    I didn't think!!! I experimented!!!

  15. #180
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    Quote Originally Posted by mashman View Post
    this thread just keeps on giving. Question for ya jon, ok, maybe 2. Where does a creditor keep their debtor information? A) In the debtors wallet or B) in a ledger... And when they want it back, do they have the right to take it out of a bank indiscriminately to pay back that debt? A) Yes. B) Yes.
    What has that got to do with my question?
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