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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (30722)8/29/2000 7:41:32 PM
From: freeus  Respond to of 54805
 
Right on LB!!!!!
Personally I believe I earn (and earned) exactly what society could afford to pay me...in fact more, because at private schools run for profit teachers were getting paid LESS with LESS perks. Everything should be run with $ efficiency in mind, especially when it is someone else's money.
And I have lived so carefully money-wise that I believe I've "earned" every bit of wealth I've gotten from the stock market...and if I'd been smart enough to convert everything to cash in Jan, I'd of earned that too.
I can remember , and still, budget and live within that budget. When I had apartments the examples of excesses were everywhere obvious. One family, on welfare, recieved $15,000 inheritance and immediately spent it on a new car!!!! Their reason? They might have to pay back some of the welfare if they kept it for any length of time. And if they invested it, their welfare check would go down some.
But it isn't only other people's money it's easy to fritter away, I know lots of people who have done that with their own too. I wonder how they can afford x, y or z that they do. They can afford it by overspending, and never saving.
OTOH there are families like the homeschoolers in my area, where the mother or father is determined to live on one salary so the other can stay home and be a full time parent and teacher. I wouldn't mind giving THEM some of my winnings (voluntarily of course, not through any redistribution programs). But they wouldn't take it: it's hard just getting them to accept gift certificates to Souplantation (a salad buffet restaurant, very reasonable) or to a play.
Freeus