I have many friends who are still paying off their cards. They run down to money mart cause they spent their paycheques within the first few days. How many of you can survive 6 months - a yr if you where injured and cant work up to a year.
How long can you survive without a job?
- Thread starter LittleAsianGuy
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Well, they say that one should have enough money for a certain number of months in case of injury or illness. (Does that money include pooning dollars? If one does not budget for it, one can spend food dollars on sex pretty quickly. )
I am sure that many of us have put that money aside and yet are now spending to see lovely ladies. I think this means we cannot afford to be off work.
I am sure that many of us have put that money aside and yet are now spending to see lovely ladies. I think this means we cannot afford to be off work.
lol i meant put money aside for the stuff we need and not money for pooning.
Well, they say that one should have enough money for a certain number of months in case of injury or illness. (Does that money include pooning dollars? If one does not budget for it, one can spend food dollars on sex pretty quickly. )
I am sure that many of us have put that money aside and yet are now spending to see lovely ladies. I think this means we cannot afford to be off work.
But the stuff we "need" includes pooning, no?
You better put money aside for that otherwise you will go through the emrgency nest-egg pretty quickly.
You better put money aside for that otherwise you will go through the emrgency nest-egg pretty quickly.
I figure that if I put the money I spend each month on pooning into a RRSP by retirement and 6% compound intrest it would be a half million by retirement. But then would life be worth living without pooning?But the stuff we "need" includes pooning, no?
You better put money aside for that otherwise you will go through the emrgency nest-egg pretty quickly.
Watching a beautiful young woman slide up and down little stew in the throes of the big O during cowgirl now is something I will gladly give up some of my retirement income for later.....
i admire how you think Christ sake i should have asked reg people this question and not this perb forum. I dont think the guys on this board can survive without pooning
Christ sake i should have asked reg people this question and not this perb forum. I dont think the guys on this board can survive without pooningWatching a beautiful young woman slide up and down little stew in the throes of the big O during cowgirl now is something I will gladly give up some of my retirement income for later.....
You're well off compare to most people in this city. Most seem like they cant survive a month without working
I could survive for 6 months.
Then I'd be in deep doo doo!
Hmmm
No job no income.
With Christmas coming, I would have to say about 3 months.
After that I would have my credit cards and over draft up to their limits. Which aren't high limits,,, So about another 2 months, don't forget I'll be using those for Christmas, lot's of ppl to buy for, then in serious doggy dodo.
Mind you I don't poon, and that is minus the pooning , I still wouldn't last long. To many expenses in my life.
So I'd say about 5 months.
No job no income.
With Christmas coming, I would have to say about 3 months.
After that I would have my credit cards and over draft up to their limits. Which aren't high limits,,, So about another 2 months, don't forget I'll be using those for Christmas, lot's of ppl to buy for, then in serious doggy dodo.
Mind you I don't poon, and that is minus the pooning , I still wouldn't last long. To many expenses in my life.
So I'd say about 5 months.
By no income do you also mean no income from investments? Keep in mind that even money in a bank is an investment as the interest it earns is income. Therefore to truely have no income, you cannot have any savings either. So in that scenario I challange anyone to say they can survive even one month. Where do you get money for food, lodging, etc. if you truely have no income.
Therefore, I say that not working and having no income is an unrealistic situation, except for those who have no savings whatsoever and those people would be hard pressed to survive for even one month.
Usually, when people or news articles talk about "how long could you survive with no job" the mean literally that, NO JOB. Those who have significant savings and other forms of income to does not require any work can survive longer than those that don't.
Also, it depends on what your definition of "survive" is. If you mean paying for food, lodgings, and the bare essentials of day to day life, I am sure most people can survive longer than if you me your current lifestyle with few if any changes.
So on that note: No job, 8 - 12 years. No income, unrealistic as it is impossible for me to ever be in a situation where I have no income.
The reality is that most people who haven't gone bankrupt in the last 5 years have over a year of cushion.
They'll have to pay it all back if they find a job, or it they don't find a job, they'll have to go bankrupt after the year of living on their credit.
Most of the money the government gives people is protected from seizure by creditors. The exception is the government itself through the CRA.
It would be far better if people would "pay themselves first" each month, but some won't and many can't.
When the basics,
Housing
Food
Heating
Lighting
Communications
are added up, the monthly cost of basics exceeds the income of some 40% of people.
For those people, living in a nanny state protects them from the extreme poverty that would be the result otherwise.
When the basics consume a person's available income, they have no choice but to group up with other people to survive. If the group falls apart, they must group up with another set or slip into poverty fairly quickly.
This is why we have so many homeless people. Some people are incapable of conducting themselves in a manner where they are permitted to be in a group.
They'll have to pay it all back if they find a job, or it they don't find a job, they'll have to go bankrupt after the year of living on their credit.
Most of the money the government gives people is protected from seizure by creditors. The exception is the government itself through the CRA.
It would be far better if people would "pay themselves first" each month, but some won't and many can't.
When the basics,
Housing
Food
Heating
Lighting
Communications
are added up, the monthly cost of basics exceeds the income of some 40% of people.
For those people, living in a nanny state protects them from the extreme poverty that would be the result otherwise.
When the basics consume a person's available income, they have no choice but to group up with other people to survive. If the group falls apart, they must group up with another set or slip into poverty fairly quickly.
This is why we have so many homeless people. Some people are incapable of conducting themselves in a manner where they are permitted to be in a group.
This is something I actually think about quite a bit as I always think I might be turfed from my job or I'll want to them to go stuff themselves.
It all depends on what you are willing to cash in and how cheaply you want to live. I've always made it a habit to keep a good chunk of short term cash around just in case whatever shit happens. I do find it amazing how people can go from paycheque to paycheque always seeming to completely run out of money just before the next cheque. I don't think I've ever lived like that even when I made minimum wage - I think it's more a mentality with money than not making enough money.
Myself I could probably go several years with the cash and equivalents I have on hand.
I could go another 5 years or so if I cashed in RRSPs. That's not something I'd ever want to do though.
If I didn't think I could find another job worthwhile within a few months I'd just sell the house, pay off the mortgage and move down the market and retire (maybe take on a bit of freelance if anything good came along). I'm always working towards this goal and I think I can be there now, it's just a matter of trying to work long enough to improve the quality of retirement. I feel pretty happy and lucky to be in this position.
It all depends on what you are willing to cash in and how cheaply you want to live. I've always made it a habit to keep a good chunk of short term cash around just in case whatever shit happens. I do find it amazing how people can go from paycheque to paycheque always seeming to completely run out of money just before the next cheque. I don't think I've ever lived like that even when I made minimum wage - I think it's more a mentality with money than not making enough money.
Myself I could probably go several years with the cash and equivalents I have on hand.
I could go another 5 years or so if I cashed in RRSPs. That's not something I'd ever want to do though.
If I didn't think I could find another job worthwhile within a few months I'd just sell the house, pay off the mortgage and move down the market and retire (maybe take on a bit of freelance if anything good came along). I'm always working towards this goal and I think I can be there now, it's just a matter of trying to work long enough to improve the quality of retirement. I feel pretty happy and lucky to be in this position.
It's companies like MoneyMart that get so many people more in debt.
You say only 3 bucks per hun, but thats almost a years intrest on a GIC and a heck of alot more than a years intrest on a savings account.
Check out ING Direct or PC Financial: 3.75% and 4% interest on a savings account, no monthly or hidden fees, no minimal balances.
