Life Money

[80watts]

What do you know about Life?

Well the corporations lobby the government. The government sets the laws. It appears the people elect the government, but the elected officials do what they want.

Corporations are run by greedy, money for profit men and women, they use their money and power over the government to get themselves off with no jail time.

Everything in life cost you money. You need to make money. and make more money....

People don't care about other people they just go through the motion cause its money they only care about...

Rules and laws get more complicated every year and the solution to those are to have more money....

Someone once said the root of all evil is money....

Generally in Life there is pain, as you grow older you have more and more pain; as if its accumulative....

The world and your life runs on money....

I wonder though if this is where some mental illness starts, the cares and worries of money sinking into the consciousness of a person, the burdens of society that rest on the shoulders of people drowning in bills till they can't cope anymore....

The rich get richer and the poor poorer....

When I see a nicely watered lawn in the summer; and its green, I think that those people can afford to pay for the water to make their lawn grow green....

I remember as a kid jumping through the sprinkler as it watered the lawn. That was back before they had watering restrictions.... The rules and laws have changed since then.... Seems those restriction have taken the fun out of life, and there is always that demand for money from everywhere....

Life should be fun, alive, and green and no limits on watering lawns to make them green....

 

[sybian]

What do you know about Life?

Well the corporations lobby the government. The government sets the laws. It appears the people elect the government, but the elected officials do what they want.

Corporations are run by greedy, money for profit men and women, they use their money and power over the government to get themselves off with no jail time.

Everything in life cost you money. You need to make money. and make more money....

People don't care about other people they just go through the motion cause its money they only care about...

Rules and laws get more complicated every year and the solution to those are to have more money....

Someone once said the root of all evil is money....

Generally in Life there is pain, as you grow older you have more and more pain; as if its accumulative....

The world and your life runs on money....

I wonder though if this is where some mental illness starts, the cares and worries of money sinking into the consciousness of a person, the burdens of society that rest on the shoulders of people drowning in bills till they can't cope anymore....

The rich get richer and the poor poorer....

When I see a nicely watered lawn in the summer; and its green, I think that those people can afford to pay for the water to make their lawn grow green....

I remember as a kid jumping through the sprinkler as it watered the lawn. That was back before they had watering restrictions.... The rules and laws have changed since then.... Seems those restriction have taken the fun out of life, and there is always that demand for money from everywhere....

Life should be fun, alive, and green and no limits on watering lawns to make them green....

I had overextended my finances when buying this Ranch, at such a young age.
I almost lost it due to cattle prices, and for years I sacrificed every luxury to make the payments when most others would have just walked away.
Eventually I managed to tread water and not drown.
One year the rain was plentiful, the calving went better than expected.....and prices for beef soared.
The 380 thousand I needed to pay for this place became available....so instead of reinvesting the profits into infrastructure .......I went to the bank to try and pay my operation off in full.
The bank did everything to try to advise me to put it into investments instead.
They said they could possibly make enough ( with my current investments ) to make my payments. Every time I went into the bank to pay my farm off.....I was met with a team of investors instead, wanting to double dip by charging me to manage the money, and make their mortgage interest on the back end as well.
Turns out......there was a time they wouldn't have made the payments....so they would have had all my cash, and still would have made the interest on the mortgage.
It took 4 meetings but I paid off the bastard mortgage .....life is greener now, best damn decision I've ever made.

 

[Jethro Bodine]

Corporations are run by greedy, money for profit men and women, they use their money and power over the government to get themselves off with no jail time.

That's quite the generalization.
I own a corporation aka a small business.
I like to think I contribute more to this country than the average socialist.
I employ 5 people who all earn between $52 K and $76 K depending on their position. They all get a company paid health care plan, vacation.
I pay a lot of taxes as do the people who I employ.
I give over $20 k a year to various charities.
I purchase product form suppliers who in turn employ Canadians.
Do I earn a profit? Of course. I need to eat too.

Greed is not limited to corporations.
Meanwhile I know people who are card carrying members on the NDP yet they cross border shop to buy cheaper items. I have a friend in Abbotsford, who is a staunch NDPer His daughter is a nurse there and in the union executive. They both are constantly going on about the healthcare system and cuts but then they go to Bellingham to gas up their cars. He just bought a riding lawn mower in the US becasue he could get it way cheaper even with the exchange rate on the dollar. Ever wonder why things are cheaper in the US. Because their minimum wage is lower and their employees have way less or no benefits like maternity/paternity leave, etc. When I tell him that it's kind of ironic that his daughter's salary comes form taxes yet they do whatever they can to pay less tax, he justifies it by saying he's looking out for himself. So much for socialism and supporting the Canadian worker and economy.

 

[Bridge]

I had overextended my finances when buying this Ranch, at such a young age.
I almost lost it due to cattle prices, and for years I sacrificed every luxury to make the payments when most others would have just walked away.
Eventually I managed to tread water and not drown.
One year the rain was plentiful, the calving went better than expected.....and prices for beef soared.
The 380 thousand I needed to pay for this place became available....so instead of reinvesting the profits into infrastructure .......I went to the bank to try and pay my operation off in full.
The bank did everything to try to advise me to put it into investments instead.
They said they could possibly make enough ( with my current investments ) to make my payments. Every time I went into the bank to pay my farm off.....I was met with a team of investors instead, wanting to double dip by charging me to manage the money, and make their mortgage interest on the back end as well.
Turns out......there was a time they wouldn't have made the payments....so they would have had all my cash, and still would have made the interest on the mortgage.
It took 4 meetings but I paid off the bastard mortgage .....life is greener now, best damn decision I've ever made.

You got peace of mind, a valuable asset, and future flexibility ... a no-brainer really. The financial industry does need a good shake up!

 

[licks2nite]

I had overextended my finances when buying this Ranch, at such a young age.
I almost lost it due to cattle prices, and for years I sacrificed every luxury to make the payments when most others would have just walked away.
Eventually I managed to tread water and not drown.
One year the rain was plentiful, the calving went better than expected.....and prices for beef soared.
The 380 thousand I needed to pay for this place became available....so instead of reinvesting the profits into infrastructure .......I went to the bank to try and pay my operation off in full.
The bank did everything to try to advise me to put it into investments instead.
They said they could possibly make enough ( with my current investments ) to make my payments. Every time I went into the bank to pay my farm off.....I was met with a team of investors instead, wanting to double dip by charging me to manage the money, and make their mortgage interest on the back end as well.
Turns out......there was a time they wouldn't have made the payments....so they would have had all my cash, and still would have made the interest on the mortgage.
It took 4 meetings but I paid off the bastard mortgage .....life is greener now, best damn decision I've ever made.

Bank employees likely don't know themselves that banks are allowed to create money out of thin air to the tune of 10 times the banks deposits. For a bank, a borrower paying off a loan early isn't any different than the borrower defaulting on the entire loan and paying nothing. The bank looses the interest payments either way. The principal is retired for the former. The latter's principal continues to circulate and dilute the value of the currency that the loan was denominated in.

Hope that you find a wife and have some fine children, sybian. To inherit your life's fine work. Don't want to think about what can happen to your place if you don't.

 

[Correct]

This thread doesn't make sense, of course companies want to make money, and need to make money, or go bankrupt. Companies provide the goods and services the people need or want, they employ people and pay their wages, pay taxes that provide the benefit for you to use like roads, transit, electrical grid, ferries, health care etc. Yet it seems that you are angry if a company turns a profit to...

 

[80watts]

What I'm trying to get at is that everything in your life is attached to money in some way or form... Every decision you make, money is a limiting factor for what is possible for you. Can you achieve your dreams without the concept of money attached to them. I really don't think so.

 

[westcoastrider1982]

I honestly don’t think any amount of money is ever enough!
Why do these millionaires and billionaires keep going to work? I truly believe to them it’s a game, “Let’s see how much more I can make this quarter?”
On the flip side I’m sure many of these wealthy people employ many people that depend on them too.

I’m making a good wage but still doesn’t seem like it’s enough! Going back 15-20 years I figured the wage I’m making today would more than enough allow me to enjoy a good life.
There’s things in life I’d like to add to my possession such as a shiny new truck, boat and rv but it just doesn’t seem possible in this day and age!
Perhaps these rich guys feel the same way and they want more!

My ex and I invested in real estate building and selling homes and did quite well with that. But that market went south big time.
Everyone bitches about the lack of affordable housing but myself and other builders aren’t willing to jump into the market and build because the profit potential isn’t there.


And for me the divorce didn’t help either lol!

 

[BobbyMcgee]

I had overextended my finances when buying this Ranch, at such a young age.
I almost lost it due to cattle prices, and for years I sacrificed every luxury to make the payments when most others would have just walked away.
Eventually I managed to tread water and not drown.
One year the rain was plentiful, the calving went better than expected.....and prices for beef soared.
The 380 thousand I needed to pay for this place became available....so instead of reinvesting the profits into infrastructure .......I went to the bank to try and pay my operation off in full.
The bank did everything to try to advise me to put it into investments instead.
They said they could possibly make enough ( with my current investments ) to make my payments. Every time I went into the bank to pay my farm off.....I was met with a team of investors instead, wanting to double dip by charging me to manage the money, and make their mortgage interest on the back end as well.
Turns out......there was a time they wouldn't have made the payments....so they would have had all my cash, and still would have made the interest on the mortgage.
It took 4 meetings but I paid off the bastard mortgage .....life is greener now, best damn decision I've ever made.

THAT ^^^ is perhaps the most realistic life story of our modern Era. In the 30’s so many institutions were set up to “help” bail out the economy and everyday hard working families. Banks and Gov’t. To this day they continue to wreak havoc on the middle class.
Don’t get me started on my children’s future. However my son is about to buy his first place for $475K without my help at age 25 and fix it up. He had to use every “assistance” available and still pay the penalties for not having the full 20% etc.
Lucky he and his wife went to post secondary and both make decent wages. LUCKY no thanks to our current TAXES.

 

[wetnose]

Money isn't evil. By that definition, all rich people must be evil, which is ridiculous. It's just like saying a knife is evil. Someone could use it to kill, or make a gourmet dish.

GREED for money is evil. I feel sorry for some rich people who are obsessed with accumulating more money, but yet ignore other aspects of their life like health and family. All the money in the world can't heal cancer or mend a broken marriage.

 

[johnnydepth]

This thread doesn't make sense, of course companies want to make money, and need to make money, or go bankrupt. Companies provide the goods and services the people need or want, they employ people and pay their wages, pay taxes that provide the benefit for you to use like roads, transit, electrical grid, ferries, health care etc. Yet it seems that you are angry if a company turns a profit to...

Of course everyone is entitled to make money, but at what point is it enough? You have cities that need major infrastructure work, health care system and public transportation that need added funding, social assistance programs that need to be revamped, on and on... Where is the money coming from? The government, well it doesn't have any money. The average Canadian? Already taxed into an almost unlivable income. Time to hit places like Walmart and McDonald's hard. Big corporations that is, the ones not likely to really noticed 50 or 100 million a year missing. Do they not have a social responsibility based on their success? Is their success not due to the very people that can barely afford to live? Something has to change.

 

[storm rider]

I had overextended my finances when buying this Ranch, at such a young age.
I almost lost it due to cattle prices, and for years I sacrificed every luxury to make the payments when most others would have just walked away.
Eventually I managed to tread water and not drown.
One year the rain was plentiful, the calving went better than expected.....and prices for beef soared.
The 380 thousand I needed to pay for this place became available....so instead of reinvesting the profits into infrastructure .......I went to the bank to try and pay my operation off in full.
The bank did everything to try to advise me to put it into investments instead.
They said they could possibly make enough ( with my current investments ) to make my payments. Every time I went into the bank to pay my farm off.....I was met with a team of investors instead, wanting to double dip by charging me to manage the money, and make their mortgage interest on the back end as well.
Turns out......there was a time they wouldn't have made the payments....so they would have had all my cash, and still would have made the interest on the mortgage.
It took 4 meetings but I paid off the bastard mortgage .....life is greener now, best damn decision I've ever made.

That was a very smart choice on your part.The banks are not interested in making you money or saving you money.They want Canadians to go to full term and pay off the mortgage over 25 years and make a fat stack of cash off it.

I got my home paid off in 11 years and whilst renovating it and going through "middle age crazy" a few years early.Had I really got down to business after I got CMHC out of the picture I could have paid off my home
in 7 years had I put my mind to it and made it my focus.

SR

 

[wetnose]

Everyone bitches about the lack of affordable housing but myself and other builders aren’t willing to jump into the market and build because the profit potential isn’t there.

Personally I think the next "killer app" for politicians is defining housing as a public good, just like healthcare. In today's economy, housing can't be affordable and a good investment at the same time. A daring politician would setup a Crown Corp that would be dedicated to building and renting public housing. It's really not rocket science - other countries have successfully figured it out.

 

[VinVan]

Here’s a couple of interesting numbers to think about:

1. The top .6% of the world’s population in 2012 (42 million people with more than $1 million in assets) held 39.3% of the world’s wealth according to the OECD.

2. The bottom 95% held 28.4% of the world’s wealth. So for the sake of comparison, 6,650,000 million people held 10% less wealth than 42 million people.

It has been pretty irrefutably demonstrated by economists that the prelude to every significant recession or depression is a high concentration of wealth for a small percentage of the population (great depression in 30s, recessions in 80s, 2001 and 2008. And now 2019.

And it totally makes sense. A dollar in the hands of a middle class person is recirculated many times over to buy groceries, appliances, cars, clothes etc. That same dollar in the hands of the Uber wealthy are in an offshore account, tax shelter, mutual fund or real estate, basically sitting inert. After all, how many sports cars or yachts are going to be purchased by one person.

At his death at age 56 from pancreatic cancer, Steve Jobs was worth $2.1 billion. All of that money couldn’t get him to his 57th birthday. Would you rather be a rich and dead Steve Jobs or a poorer and alive you?

I think the Buddhists have it right: live and enjoy the moment. You’re leaving the world the way you came in: naked and penniless.

 

[Correct]

And as sad as this may seem to some, having a million dollars worth of assets today is nothing really. 50 years ago you might have been considered wealthy with a million dollars, but not anymore.
But money sure doesn't make people happy. I frequently go to Mexico, and just returned from there again a few weeks ago. Met many really happy locals that make piss poor wages. Yet they seem genuinely happy, and a lot happier than the average Canadian who makes five, or fifteen times as much. The girl cleaning my hotel room was laughing and just a jovial person, age 14, and just glad to have a job. I doubt she was paid very well, but she is happy, and that's all that counts. About 2 weeks into my stay, and many great chats with her, I gave her 400 pesos one morning as a tip while she was cleaning my room, so well, yet again. She hugged me and thanked me no less than 6 times. 400 pesos is about $26-$27 Canadian is all. Stay two weeks in a hotel room in Canada, then finally tip the chamber maid $26 and she will be polite enough usually and say thank you...but most likely she is thinking why did it take you so long, and why so little. Seems that many Canadians almost thrive on drama, and negativity. It's up to us to choose happiness, and we should be, we live in a great country. I'm thankful every day for the life I have here, my home, food in the fridge, and clean water to drink from the tap.

 

[87112]

Fate shows no mercy to the rich and beautiful.
https://people.com/human-interest/victims-of-bahamas-helicopter-crash-chris-cline/

 

[angry anderson]

What do you know about Life?

Well the corporations lobby the government. The government sets the laws. It appears the people elect the government, but the elected officials do what they want.

Corporations are run by greedy, money for profit men and women, they use their money and power over the government to get themselves off with no jail time.

Everything in life cost you money. You need to make money. and make more money....

People don't care about other people they just go through the motion cause its money they only care about...

Rules and laws get more complicated every year and the solution to those are to have more money....

Someone once said the root of all evil is money....

Generally in Life there is pain, as you grow older you have more and more pain; as if its accumulative....

The world and your life runs on money....

I wonder though if this is where some mental illness starts, the cares and worries of money sinking into the consciousness of a person, the burdens of society that rest on the shoulders of people drowning in bills till they can't cope anymore....

The rich get richer and the poor poorer....

When I see a nicely watered lawn in the summer; and its green, I think that those people can afford to pay for the water to make their lawn grow green....

I remember as a kid jumping through the sprinkler as it watered the lawn. That was back before they had watering restrictions.... The rules and laws have changed since then.... Seems those restriction have taken the fun out of life, and there is always that demand for money from everywhere....

Life should be fun, alive, and green and no limits on watering lawns to make them green....

Tell me about it. Don't even get me started on hookers.

 

[VinVan]

Tell me about it. Don't even get me started on hookers.

Thanks Angry. I was wondering when this thread was going to head down this road, so maybe I’ll give it a nudge with this question and I would be curious to hear the response from Perbs.

The men on this forum are (I’m assuming at least middle upper middle class with a few discretionary bucks to spend on the hobby). What measure of happiness does the hobby bring anyone here?

And the flip side of the coin, I would be interested to hear from any of the venerable ladies on the question of money, happiness and vocation?

 

[angry anderson]

Thanks Angry. I was wondering when this thread was going to head down this road, so maybe I’ll give it a nudge with this question and I would be curious to hear the response from Perbs.

The men on this forum are (I’m assuming at least middle upper middle class with a few discretionary bucks to spend on the hobby). What measure of happiness does the hobby bring anyone here?

And the flip side of the coin, I would be interested to hear from any of the venerable ladies on the question of money, happiness and vocation?

That was a joke. As you point out, the topic lends itself to humor on a pooner board. However.I don't have any response to money spent on sp's other than it was never better spent.