quote:

Originally posted by darthfuster:
There is a reason some people are poor.

A lot of the times, I've seen it more of a result of bad spending choices rather than lack of income.

There are some poor people who try to act rich with "stuff" while those who are rich don't spend on stuff that depreciates.

I noticed something in a rather nice Orlando area neighborhood: the houses are $400k+ while the driveways had Hondas and Toyotas parked in them. You go to the "hood" and you see Chargers, Camaros, BMWs, etc.

quote:

Originally posted by Copefree:

quote:

Originally posted by lbaker45:

quote:

Originally posted by wcb6092:
I would like to see the blanket.

A rare Navajo blanket, this is the one he sold.

Apparently when it was made, in the 1800s, it cost roughly 10 years worth of salary for even the rich folks.

What the heck is so special about it? Does it guarantee you get into heaven or something?

quote:

Originally posted by Sig2340:
All that and he's cold too, since he no longer had a blanket.

Schmuck.

Good one. I laughed. LOL.

quote:

Originally posted by Edmond:

quote:

Originally posted by darthfuster:
There is a reason some people are poor.

A lot of the times, I've seen it more of a result of bad spending choices rather than lack of income.

There are some poor people who try to act rich with "stuff" while those who are rich don't spend on stuff that depreciates.

I noticed something in a rather nice Orlando area neighborhood: the houses are $400k+ while the driveways had Hondas and Toyotas parked in them. You go to the "hood" and you see Chargers, Camaros, BMWs, etc.

Yep. He should have viewed that money as a stewardship. Never spend the principle. Spend a portion of the interest earned, return some profit to principle and you are set for life absent the catastrophic.

quote:

Originally posted by grumpy1:

quote:

Originally posted by Copefree:

quote:

Originally posted by lbaker45:

quote:

Originally posted by wcb6092:
I would like to see the blanket.

A rare Navajo blanket, this is the one he sold.

Apparently when it was made, in the 1800s, it cost roughly 10 years worth of salary for even the rich folks.

What the heck is so special about it? Does it guarantee you get into heaven or something?

Go watch the video in the OP.

Magic Blanket?

About 20 years into my LE career , we all got a settlement from the State from an accounting error that we had suffered with for over a decade. Depending on your time on the job, a few of us got as much as $35K.

I took mine and applied it against the remaining principle on our mortgage.

Others did everything from new pickups and motorcycles to boats, hunting trips, etc.

But my favorite foolish spending spree was a colleague who spent about $20K flying her kids and Family to Disney World for a very extravagant 10 day stay. Flew the whole Family first class, the whole deal. The kids were like 3-5 yrs old. Neither kid RECALLS anything about the trip today!

There are so many people that apparently enjoy living paycheck to paycheck.

quote:

Originally posted by bigwagon:

quote:

but without working, it’s just hard to survive.”

Can't work with your disability, but you can drive a supercar and ride a Harley? Go fuck yourself, deadbeat.

In my old neighborhood there was several guys that were on disability because they had some b.s. injury that they claimed made their job impossible. Maybe you couldn't do your current job but that doesn't mean you can't do anything and immediately need to go on disability.

I would see these guys doing laps around the neighborhood. One had a lift in his garage were he restored two different cars. Saw dozens of seriously physical projects that were tougher than any of their jobs. They just found and easy way out.

quote:

Originally posted by 1s1k:

quote:

Originally posted by bigwagon:

quote:

but without working, it’s just hard to survive.”

Can't work with your disability, but you can drive a supercar and ride a Harley? Go fuck yourself, deadbeat.

In my old neighborhood there was several guys that were on disability because they had some b.s. injury that they claimed made their job impossible. Maybe you couldn't do your current job but that doesn't mean you can't do anything and immediately need to go on disability.

I would see these guys doing laps around the neighborhood. One had a lift in his garage were he restored two different cars. Saw dozens of seriously physical projects that were tougher than any of their jobs. They just found and easy way out.

I can't find the link right now but remember reading that about 30 percent of Illinois state workers are on disability and they actually make more being on disability because they don't have to pay for transportation to and from job. Crazy and another reason Illinois is going bankrupt. I can't imagine any business in the private sector having that percentage of their work force on disability and often those who can't do their regular job would be required to do some other job even if it was light duty sitting at a desk counting the ceiling tiles.

Poor people have poor habits.

quote:

After having used most of his newfound fortune buying two homes in Central California, a Dodge Challenger SRT8 customized by West Coast Customs (the team made famous in MTV’s Pimp My Ride), and a Harley-Davidson motorcycle — things he never dreamt of owning before.

Even $1.5M doesn't go far spent that way. And there's no telling what else he pissed away money on. One house ("Central" California real estate isn't super-expensive like the Bay Area or Los Angeles), a decent car to drive, sure, and there would still have been a good chunk left over.