Selling the BS.... Price?
MBWorld Fanatic!
Joined: Feb 2004
Posts: 2,566
Likes: 7
'14 ML BT
I agree 100% on the point of personal responsibility. I should have been more clear when I said, "Then you're receiving 3 and 4 credit card offers PER DAY in the mail and how could people not fall for it .... unless they had some personal discipline??
I was pointing to the idea that most people are stupid and will believe whatever is told to them. This despite the fact that they look at their income and wonder, "How can I afford this?".
Well they couldn't, but they went along with it because based on the collective experience, there is very little personal accountability in this country. Filing bankruptcy is so easy!
You know these credit counseling services? They negotiate on your behalf with a credit card company who they know will settle for 35% on the dollar, then they charge you 45% maybe 55% and laugh all the way to the bank. In the meantime, the deadbeat gets to keep the plasma TV, stereo, jewelry, DVD's, cell phones and whatever other crap they bought.
I had a friend in the UK who was a physician, earning $120k+ pounds some years back when the pound was valuable. Through a mutual friend, I learned that he was hideously in debt with no hope of recovery based on his earnings. This is a guy who should have known better AND had the means to avoid such a nightmare. Today, when he should be enjoying his retirement, he working at a discounted rate just to pay rent and food.
The absence of personal responsibility afflicts young and old, but mostly the stupid.
I'm not naive enough to think that this doesn't apply to a couple of people on MBWorld.
I was pointing to the idea that most people are stupid and will believe whatever is told to them. This despite the fact that they look at their income and wonder, "How can I afford this?".
Well they couldn't, but they went along with it because based on the collective experience, there is very little personal accountability in this country. Filing bankruptcy is so easy!
You know these credit counseling services? They negotiate on your behalf with a credit card company who they know will settle for 35% on the dollar, then they charge you 45% maybe 55% and laugh all the way to the bank. In the meantime, the deadbeat gets to keep the plasma TV, stereo, jewelry, DVD's, cell phones and whatever other crap they bought.
I had a friend in the UK who was a physician, earning $120k+ pounds some years back when the pound was valuable. Through a mutual friend, I learned that he was hideously in debt with no hope of recovery based on his earnings. This is a guy who should have known better AND had the means to avoid such a nightmare. Today, when he should be enjoying his retirement, he working at a discounted rate just to pay rent and food.
The absence of personal responsibility afflicts young and old, but mostly the stupid.
I'm not naive enough to think that this doesn't apply to a couple of people on MBWorld.
MBWorld Fanatic!
Joined: Mar 2003
Posts: 2,018
Likes: 148
From: South Florida
ML350
the media is a farce......they are mostly democrats, ESPECIALLY the head guys at NBC. Ill just say that i was a democrat until September. I knew nothing about politics before cuz i didnt need to. I took what the media spoonfed me. Now being a small business owner who pays alot in taxes, i had to and wanted to learn as much as i could. Saw the democratic agenda of more govt, motivating mediocrity, making more people dependent, socialism if u want to call it that. That was enough. Learned alot in the process. I think Obama is a great leader and speaker, but i still dont like his agenda and that of the democratic party.
Now you guys go search about the Trilateral Commission and that will really blow your mind about conspiracy theories. If im killed tomorrow someone tell my family i love them.
Now you guys go search about the Trilateral Commission and that will really blow your mind about conspiracy theories. If im killed tomorrow someone tell my family i love them.
MBWorld Fanatic!
Joined: Dec 2006
Posts: 1,311
Likes: 4
CLK63 Black Series
"How much you make is irrelevant" ??? WTF??? This is exactly this kind of thinking that has gotten this country into the mess it is in today. People having to buy stuff they really can't afford, the bigger house, the nicer car(s), the boat/yacht, the bigger diamond ring, etc. How much you make is the most relevant part! I'm sorry, but a person that does not have a household income that is at least close to $250k a year or have a 7 figure nest-egg or trust fund sitting around should not be buying a $140k automobile...call me crazy, but that is a prime example of living beyond your means IMO.
BTW you totaly contradicted yourself in your post, in one sentence you state "How much you make is irrelevant" and then you say "if you have the means then go for it"
BTW you totaly contradicted yourself in your post, in one sentence you state "How much you make is irrelevant" and then you say "if you have the means then go for it"
For the record my BS payment is under 25% of my monthly net, but my house is paid for and I have no credit card debt. Not that it's anyone's business
Senior Member
Joined: May 2007
Posts: 355
Likes: 0
From: Hong Kong/Charlotte
2010 C63
