LockeD wrote:Phoenix32890 wrote:Baldimo wrote:I will add to this. If you chose what makes you happy and can't afford to do the things you want to, then you can't complain because you made the choice.
I agree. Everything in life is a trade-off. Sometimes the choice is between two undesirable options, but there is ALWAYS a choice.
The problem is that there are people who want it both ways. They want to do what they want, but then complain when their choice is not giving them the lifestyle that they want.
These people you are talking about, the ones who made the choice to "Trade off" for their education, are the reason that over 90% of America is in dept. That's what I'm talking about. You people are older I have some questions for you.
-Do you have a morgage?
-Do you have dept as in a loan you needed to take out?
-How many years (if applies) will it take you to get out of dept at your current income? (if you wish factor in possiblities of raises or new job opprotunities)
Yup, I have a mortgage that I don't really plan to pay off as I expect us to downsize before that happens. I think in most cases--there are exceptions--those who wish to be financially secure will have a mortgage or will be making choices that allow them to be saving for a down payment so that they can have one. We all have to live somewhere. For most it is far better to own property, benefit from the tax breaks, be building an equity, and benefit from the appreciation in value instead of paying rent that increases your wealth not at all. A properly structured mortage on a good property of manageable size is more investment than debt.
And yes we have a car payment on one of the cars used in business, but we don't buy more than we can afford nor are we foolish in the financing of it. We do not finance anything other than real estate or student loans for more than three years. A car is one of the choices we have. If you want one for fun or transportation rather than taking the bus or biking or walking, etc. you may not have as much money for movies or weekend trips or designer clothing, etc. We often have to decide what is most important to us.
Student loans are a drop in the bucket compared to the value of a college education and most are structured to be manageable for the vast majority of people who have them. Those who go to college make a choice to do with less leisure and less money for awhile in return for the long range benefits.
The only wise use of credit cards is for convenience and as much as is possible, the choice should always be to pay them off religiously every month when due to avoid interest and finance charges even if it means eating out less or skipping a movie and waiting for it at the video store.
We all don't necessarily like all the choices we have, but we all have them. And complaining about the consequences of the choices we make only slows us waaaaaay down.
_________________
--Foxfyre
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I?-
I took the one less traveled by,
And that has made all the difference.
We also use credit cards for convenience but we pay the balance off every month. That sometime