To make and keep money now or say in the 50-70's?

I see elderly 70+ pimping new cars, living in senior centers for 3-5 k a month. Where they get all their cash? Or are they going to die and pass the debt to the family?

I watched my grandma whip out 26k cash for a 2014 traverse fully loaded 0 miles which she won't be able to drive.
She was a school teacher retired 1980. Husband teacher/ad retired 1981.

Wealth building starts when you are young. If you are disciplined, even middle class incomes can provide a secure retirement. That said, and having been around a awhile, I would say it was easier in the 1980s and 90's. You could get good return on relatively safe investments.

gerb131;1751032 wrote:I watched my grandma whip out 26k cash for a 2014 traverse fully loaded 0 miles which she won't be able to drive.
She was a school teacher retired 1980. Husband teacher/ad retired 1981.

When our daughter was a baby and we were in college we lived with my grandma who was around 70. One Saturday we went and purchased a used 5 year old Honda Civic (financed for 36 months)....it was nothing but we were proud. As we get home and park on the curb....here comes Grandma around the corner in a new red Honda Prelude. Paid cash....and stole all the thunder. Lol

Cool story bro.....she is still alive and still has that Prelude (1997) and it has 34,000 miles.

This going to turn into another "Baby Boomer" thread?

I know this much: it seems to me that so many costs are rising while income isn't. It seems to me that it's easier to accrue debt (higher education, housing, cars, etc.) and keeping it longer NOW than it use to be. At the same time, employment is more complicated in getting because of all the hoops one must jump through. Everyone seems to want 3-5 years experience with loads of professional development...but one cannot get 3-5 years experience without someone hiring them without it.

Right now, it's seeming to be extremely hard to make AND keep money for my family. Wife and I both work. We have 2 kids (18 months and 6 months). We have a home (paying on it). I have student loans. Cars are paid off. But...there's little to show for it in the bank accounts. I did some math (quick calculations) and figured that 11 years from now my student loans are paid. But, that doesn't show much for where we could be in home ownership, food on the table, and clothes on the backs. We just got a 3% cost of living raise here where I work, that's the first raise in 15+ years for all employees. Costs rise, while income doesn't.

I make good money and have a lot of savings. I plan on "retiring" in my mid 40's and then go from there.

gerb131;1751031 wrote:To make and keep money now or say in the 50-70's?

I see elderly 70+ pimping new cars, living in senior centers for 3-5 k a month. Where they get all their cash? Or are they going to die and pass the debt to the family?

This post is more retarded than most from Belly.

gerb131;1751032 wrote:I watched my grandma whip out 26k cash for a 2014 traverse fully loaded 0 miles which she won't be able to drive.

In other words, she is stupid.

HOF on coattails;1751141 wrote:This post is more retarded than most from Belly.


In other words, she is stupid.

You are.

Sadly I'm poor with my money. I'm a risk taker I work hard to earn it, but alway take risk to make more, I've been frish and poor, both a few times, I've lost almost everything, between a partner and accountant embezzlement of thousands, hit with taxes and the list could go on.......
I'm retired now ... It been little over a month hate it.... I want to go back to work, I love work....I don't care about the money... va disability, saving, 401, few stocks, social security, gold and good health. Wife and I will be ok wealth no happy yes...

HOF on coattails;1751141 wrote:This post is more retarded than most from Belly.


In other words, she is stupid.

19 posts and you know all about Belly....who are you really?