patrick.net

Call it Crazy says

Two-thirds of those who live paycheck to paycheck aren't poor

If you don't have 6-12 months of living expenses in front of you: you're poor.

jojo says

Ok. I will look for an escrow service.

Patrick should be trustworthy.

Carter wasn't a baaaaad President, he just didn't know how to be a good President. His brother was an embarrassment, and by time the failed Iran hostage rescue, the Elitist Democrats distanced them as far as they could from Carter. In contrast to Obama ever fuck up is obscured in unaccountable secrecy shrouded in unsubpenable misinformation.
Had Carter had the spin team Obama has, or even Regan for that matter, history would blamed Nixon and Ford.

Call it Crazy says

The study, released at a Brookings Institution event, found that these so-called wealthy-hand-to-mouth are older than their poor paycheck-to-paycheck counterparts, have higher incomes (about $50,000) and hold substantial illiquid assets (also around $50,000 on average), like real estate. The poor who live paycheck to paycheck have median incomes around $20,000.

Hey they've got more LET'S GITTEM!!!!
YEAH!!!

This is fun. :-)

Call it Crazy says

The study, released at a Brookings Institution event, found that these so-called wealthy-hand-to-mouth are older than their poor paycheck-to-paycheck counterparts, have higher incomes (about $50,000) and hold substantial illiquid assets (also around $50,000 on average), like real estate. The poor who live paycheck to paycheck have median incomes around $20,000.

Making $50,000 is not wealthy. It's below average.
Affluent is described as having $1 million to invest.

I would still like to see a comparison between Carter's record and the Presidents after him. I doubt I will.

And really? Making fun of his work for Habitat for Humanity? The other presidents retire in elitist splendor, and Carter lives a modest life, while he and his family donate their money and time to extremely wonderful charity groups, and that's a reason to make fun of him?

I'm still waiting.

In the 80's you could have retired with just 100K in the bank.
And lived off the interest.

A million today wouldn't last very long in the bank.

http://www.youtube.com/embed/rw9UrwWOoYk

I don't have anything to measure, so I get to just sit back and enjoy the show. Maybe I should host a digital game party? Popcorn for Patrick, taco salad for corntrollio, CIC some Wild Turkey, wine for Logan, home brew for Dan, and face for Mr. Shostakovich.

Everyone is invited, but the Baron, unless he promises to behave. Turtledove can bring her brownies, and I will make some crazy farm to table Alice Waters recipe and leave it out where Mr. Shostakovich can find it, but not in a place where he has to admit that is his real food of choice; face free.

There is my virtual game party. Feel free to bring anything you like. ;-)

If one has to work for a living then they are considered poor! Rich don't work, they sit on one side of a table and make deals over lunch. Only the poor work for others, even if your a doctor. If you had the money why would you work. Even those with higher incomes are slaves to the lifestyle they have gotten trapped in. That's my take, but I am sure there are some examples. And don't bring up Hollywood, they are slaves to the media and must to what and support what they want or else they get hit...hard!

Heraclitusstudent says

If you don't have 6-12 months of living expenses in front of you: you're poor.

The rule I've heard is more like 2 years. That's probably right given the hiring environment.

CaptainShuddup says

A million today wouldn't last very long in the bank.

Yes absolutely. For example, I hit rock bottom around 2004, and by very frugal living managed to dig myself out of debt and into plus savings. Almost zero extravagances, living like an immigrant/outsourcing worker.

But what is the result of that decade long savings? Today if I pulled together each and every cent I own, I could maybe swing half of a really good house, but then I would also have zero savings from that point on and would still have a mortgage.

And I have what many might term a well paying job and I have worked many extra hours. Also, I feel like I can't make a single wrong move, or I'll end up right back where I started from, like almost everything is a trap or a swindle designed to relieve me of my cash.

casandra says

Rich don't work, they sit on one side of a table and make deals over lunch.

I know plenty of people who aren't rich, but make money by sitting at a table all day and making deals.

Call it Crazy says

Strategist says

Making $50,000 is not wealthy. It's below average.

Go look up median income in the US...

Strategist says

Affluent is described as having $1 million to invest.

I don't recall reading about the affluent in the article above living hand to mouth....

Different article.
http://money.cnn.com/2013/07/24/investing/wealthy-investors/

Check this out too.

http://en.wikipedia.org/wiki/Mass_affluent

Not in the bank.
But you could buy four 250k shacks and live off the rental income..
CaptainShuddup says

In the 80's you could have retired with just 100K in the bank.

And lived off the interest.

A million today wouldn't last very long in the bank.

Call it Crazy says

Strategist says

Different article.

http://money.cnn.com/2013/07/24/investing/wealthy-investors/

Don't hyjack my thread with a different topic, start your own!!!

I promise I wont.
$50,000 in annual income is no where close to wealthy. That's my point.

Obviously, the tobacco industry is really going to try to keep vaping from catching on. Hard for me to imagine that vaping isn't way safer than conventional cigarettes for getting a nicotine fix.

However, the tobacco lobby and their dial-a-whore doctors are already alleging it is worse.

The touchy legal question: is it Constitutionally protected to attach tubing with an inhaler to one's ass with a battery powered spark plug, and is it addictive?

If my books were in red I'd be scrutinizing this volatile market at this most dire and crucial time ...you'd think!

Call it Crazy says

Strategist says

I promise I wont.

$50,000 in annual income is no where close to wealthy. That's my point.

Not to a high roller like you, but..

If you make $20K a year, you think $50K IS wealthy...

Call it Crazy says

The poor who live paycheck to paycheck have median incomes around $20,000.

Most people who make $50,000 will not be able to afford an entry level home in most states, especially California.
That is not being wealthy. The definition of wealthy in this article is screwed up.

sbh says

hrhjuliet says

I don't have anything to measure, so I get to just sit back and enjoy the show. Maybe I should host a digital game party? Popcorn for Patrick, taco salad for corntrollio, CIC some Wild Turkey, wine for Logan, home brew for Dan, and face for Mr. Shostakovich.

If you can't get me a premier cru Pauillac I will settle for a slightly peaty single malt. Caol Ila 18 year is a good value.

Good choice sir. I will provide duck and dog hats. I'm neutral, so I'll just wear my tiara.

No, no CIC, I always wear my tutu with my tiara. ;-)

sbh says

Digital dick measuring between a duck and a dachshund.

I almost lost my job today by googling 'duck penis' and clicking on the first youtube link.

Apparently, playing that game with a duck is stupid.

Boeinghazi!

sbh says

hrhjuliet says

I always wear my tutu with my tiara. ;-)

Soooooo hrh= her royal highness?

But of course. :-)

jojo says

You've been here a lot longer than me. So it's understandable that you know Patrick and trust him more than I do.

He is a trustworthy guy.

smaulgld says

Its more lack of demand than lack of inventory.

True in most parts of the countries except where cities with tech dominated economy i.e. SFBA, Seattle, Portland, Austin, Boston, etc.

John Bailo says

I feel like I can't make a single wrong move, or I'll end up right back where I started from, like almost everything is a trap or a swindle designed to relieve me of my cash

Be liquid. This cannot be stressed enough. I know some people get rich leveraging themselves in the right way at the right time, but for most people it doesn't work like that. Most of them go broke.

John Bailo says

Unless you have a lot of self-control, it's easy to let the spending go way, way up. I know because I used to be there and it took some personal Shock Doctrine to ratchet down my needs.

However, it's oh so easy to get sucked down the drain. Case in point, my son visiting from college. I usually take him shopping for clothes when he periodically visits. However, while I myself shop at Wal*Mart, he wants stuff from the department stores. Last time, he gathered up a few multicolored shirts (not far from t-shirts) at Macy's and with a few other things, cologne, it ended up being $600. That's an extrodinary sum for me. I just bought my years wardrobe of t-shirts and sweatpants for under $100.

$600 at Macy's? lol. Take him to Kohls. You get the same crap for $100.

I never figured out how people are willing(me included) to sit in a vapor cloud of their own flatulence, unphased. But will break priceless things to get out of nose shot, of someone else flatulence. They can even be the exact same smell.

Looks as if writing bad loans and extending credit to unemployed homeless created an unsustainable situation. No one could have predicted this.

BofA deserves some help. How about a tax cut?

This is in direct contrast to the common canine, which seems to flourish around fresh excrement, and their various sources.

CaptainShuddup says

I never figured out how people are willing(me included) to sit in a vapor cloud of their own flatulence, unphased. But will break priceless things to get out of nose shot, of someone else flatulence. They can even be the exact same smell.

Justice is not served until Bruno Iksil AND Jame Dimon (and everyone in between them in the chain of command) both spend some serious time in jail.

Obama said he admires Jamie Dimon. And he has a man crush on Robert Rubin.

The banana republic USA has had criminals serve as Treasury Secretary quite recently. And a recent US president must design his international travel around the likelihood of being apprehended as a war criminal.

Homeboy says

WTF? Why do they let that retarded guy wear a cop uniform?

He was only operating by the direct orders of another asshole wearing Robe, sash and tassels.

Well it seems ole Goober, isn't so dumb after all.

(CNN) – Former President Jimmy Carter said Sunday he believes the National Security Agency is monitoring his e-mails, so when he wants to communicate with a foreign leader, he sends an old-fashioned letter via snail mail.

I think the Idiot ball is firmly in Obama's court. Jimmy may have been the worst, but he isn't the dumbest.

CaptainShuddup says

I think the Idiot ball is firmly in Obama's court.

Enlighten us about the depth and strategic/tactical brilliance of the 2003 Iraq invasion. Include a list of ways in which it made us safer, and a chart showing how the cost was justified.

Also detail how the Bush tax cuts created an economic boom.

Please use different-colored crayons for the charts.

Say what you want about Bush, but he got peoples signatures before he signed off on anything. To bitch about Bush, is to bitch about all of the Democrats who signed up for his shit.

Obama has been a one man "horror" show.

Former GOP presidential nominee Mitt Romney on Sunday accused President Obama of being “naïve” about Russian President Vladimir Putin's agenda and said he lacks the foresight to have prevented Putin from taking over a Ukraine peninsula.

During Romney’s 2012 presidential race against Obama, the president criticized him for saying Russia -- not Al Qaeda -- was America's "number one geopolitical foe."

Romney acknowledged that more pre-emptive action had only the potential to prevent the invasion.

But he also blamed of Secretary of State John Kerry and former secretary Hillary Clinton, suggesting that the Obama administration’s so-called “reset” diplomacy was a mistake.

"They thought resetting relations with Russia, handing out gifts to Russia, would somehow make Russia change its objectives. Well, that certainly wasn't the case," Romney said. “Russia is not our friend.”