Don’t be Broke …..

Money has just never motivated me. I do know what it takes to earn it, I've been high on the ladder. Generally you have to step on others. I turn wrenches and own my home, fuck off if you think I'm broke. You don't pay my bills.

Im fed up of these people. My happiest times were not my riches times.

The fuck. 🤨

The current dollar is worthless. Literally people sucking each other off to get some dollars.

Have to disagree rich doesn’t mean you’re smart and being smart doesn’t mean you’re rich that’s a very privileged way at looking at things I know people with million dollar ideas with no support or knowledge how to get the funding

Did she cite "the study" she mentioned? I think that is important to back up with facts in order to be successful right? My high school principal told me this and said his wife thought I was pretty too and life would be easier for me. I still get the creeps .

I make well below the average man in America and own a home and an 82 F-150. It's all about budgeting and not living beyond your means.

Average I.Q. people discussing how smart they are is kind of cringe

Bless you for helping out your family Elders.

Red you laugh too much to be miserable. I'm not sure if you are saying this because maybe you were, but for sure not now.

Lots of smart people who make bad choices in life 😂

Three four generations of good times after boomers? Fuck no
I'm gen X and we were fu ked, hence the X 'you're future is fucked because boomers killed the economy '

As a Boomer I will say it wasn't good times for a lot of us. I graduate from High School in June of 75. Guess what an article in Time magazine that month had to say. " The High Cost Of American Labor." Now I learned a trade in manufacturing, machining flame and plasma cutting machines and even some welding, but I never made money at it. So young people don't ever take a trade in manufacturing. It's dirty and you breath chemicals that will eventually kill you. And you will get paid Krap. Only take trades that you can turn into your own business like Plumbing. If a war comes and they need you in there manufacturing stay out of there. Let this country fall. Because once that war is over, back to China those jobs will go. Don't waste your life like I did. Also don't work hard for another person, because you won't get anymore money, just more work. So as a Boomer, that is the only advise that I have for you young people. There is only one person going to get rich in any company and that is the boss. The rest of you will live in poverty.

What is this nonsense about equating being successful to being monetarily rich? You can be successful in what you do and not be rich monetarily. I would say that being successful is the literal definition of succeeding in the path You've chosen in life. Whether it's your career, family, hobbies, etc. Do you enjoy your life? If you had to live the same life over and over again, would have made the same (or different) decisions?

In my case, I'm very successful in 2 careers (military and civilian), I'm content with where I'm at in life, I'm growing in my walk with Christ, and because I like the man I've become, I wouldn't have changed any of my past....even the parts I hated in the moment. But I'm also not monetarily wealthy.

The fastest way to go broke is to get with a woman. Women will spend you into the broke house. Yes ok I'm a old fart back when women helped the man become the best he could be. My late wife and i were a team. She had traits i did not as i had traits she did not. Together we covered each other and we each knew what each of us was good at. Together their was not much we could not do. Especially when we put our mind to it.
Each person has a different way of looking at what makes you rich. Hint it's not always money. Being rich is not always the answer. I've worked jobs that paid in the high six figures but i worked twelve to fourteen hours seven days a week. Then I've worked jobs that paid less than six figures and had much more free time to spend with my family. I was much happier making less and having more free time.
But if you always try to live well below your means you are richer than most people. But most people are not willing to learn how to make money by saving money. An example. Two months ago Chili was on sale for 99¢ a can. It's normally $2.79 a can. I bought 48 cans. It will take me six months to use it. But i saved $1.79 a can for 48 cans. You do the math. This month pork loyans were on sale for $1.49 a pound. It normally runs close to $3.00 a pound. Yes i bought up and froze it. Money saved is money earned. I buy for a month at a time because doing that saves money because you don't do much impulsive shopping. Because of how i buy groceries we eat pretty good but not fancy.
Red this one was pretty good me. I think most people put to much on money. Their are other things that bring much more happiness that having millions of dollars. Chow Time keep them coming!!

Those who run after money are not wise but greedy

Got 20 grand in my mattress because I trust it more than banks and governments 😂

You only have one chance to make a good impression. "If you look good, you feel good. If you feel good, you play good. If you play good, they pay good"... Coach Dione Sanders

I'm poor. I make half the national average...

...but I have zero debt.

If you work for a paycheck. You’re broke. Thanks Jack got it

That's not going to work.
There's only soo much time, soo much resources, soo many spaces to elevate, the majority of people WILL reach a dead end.

Moses despite his sacrifice and freeing his people never made it to the promised land.
Most people won't, even with effort.

If you can? I hope nothing stops them.

If you don't have alot of capital investing in the stock market is really your best bet. A good company with a steady dividend will do you alot of good long term.

I make 80k a year doing septic living in a rural county in Fla where the rockets go up support a family of 5 me included have a stay at home gf n 3 kids n have a house n car n shits still tuff

For me broke/wealthy indicator is, how long can you last without any income, based on your current month living cost.

Have no woman, minimalist lifestyle, good jobs, extremely good with money. I can stretch my assets to not work for tens of years.

Problem is, people don't have good jobs, not have minimalist lifestyle, bad with money, "I deserve good apartment", have a woman, or a woman. If you keep spending of course you have no savings.

Hanging out with broke people is fine. You feel like you are in a good place compared to them, and none of them have expensive lifestyle that you can't afford to enjoy together.

love jack

LOL....Guess you are just a harder working smarter person than all us peasants......Narcissistic much???? LOL. smug A-Hole..

I will not stay on people just to get ahead. I believe in grinding. If you don’t want to be broke, do something about it. A closed month never has gotten fed.

Money is a way to keep score but I play a different game. Sure I have money and don’t need to work but went the other way. I have no mortgage and never have. Don’t rent, don’t have a power bill but have the toys I want. I have three degrees and two trades and retired at 35. My cost of living is so low by not living the normal life and being off grid. Plenty of people chase money, I chase a full life and it’s worked for me.

I hear a lot of flack about 'boomers' and have even caught some of the fire. First define boomer, according to my 20 something kid it's anyone over 30, according to the dictionary it's someone born at the end of WW2 when the troops came home and got busy such as my mother. I'm Gen X, my son tells me how I had it so much easier because things were half the price when I was his age. I told him that things were probably a quarter the price. However, minimum wage now is $20, when I started working as a teen in the '80's it was $3.15.

Yes, the first house I bought when I was 25 was $135k. It was a gutted foreclosure, not really livable. I spent the next several years renovating the place on my own when I had time between my 9-5 sales job and my night job moving businesses (mainly cubicles) from building to building in So Cal. Yes, the first new vehicle that I bought was when I was 29 and it was a Ram 1500 for $30k, a decent annual salary back then. I think the main issue now is that I don't see a lot of American young people working multiple jobs, putting sweat equity into run down properties. I do see it in the immigrant population but not in the 3rd+ generations. I know a young (early 30's) 1st generation hispanic couple that both have full time jobs but clean houses on evenings and weekends, they just bought their second rental.

Everything that I hear the people under 30 complaining about now my generation could have said of the original/real boomers. But we didn't, we just went to work. Frequently multiple jobs. I went years without vacations that were more than tent camping (usually without the tent since they cost $$) in Big Bear. I had roommates until I got married for the first time. I lived for years on ramen, rice and beans. Even now that I can 'afford' it I haven't bought a new pair of jeans in over 5 years. I haven't bought a new pair of tennis shoes in over 5 years. The only reason that I have a new pair from just a few months ago was that I was clearing out my late wife's closet and found a new pair of Nike's that she had bought for my birthday last February, she died in January from the flu.

This gen z/millenial vs the 'boomer' stuff falls right back into that category of comparison being the thief of joy. I remember being young, seeing the housing prices and not being able to imagine how I'd ever afford my own house. We currently have the added pressure of 11 million+ new 'immigrants' thrown into a tight housing market. That tends to drive up prices, supply and demand. It has the same effect on food, energy, etc. Add in that our idjit politicians keep printing money like crazy and giving it to every other country on the planet and it's a bad situation. Historically that leads to a depression. We'll have to see what happens.

All that I can say, from experience, is that the most successful people that I've seen/met in my 5 decades were the ones who worked hard and worked long. I met an 80 year old billionaire who had a high school diploma but worked his butt off, he drove a Jeep Cherokee. I knew a girl in high school who was really not bright but she worked her tail off and last I heard she was a medical doctor. I've known many people that were in the millionaire class (20 years ago when that meant something) and almost all of them worked multiple manual labor jobs to make ends meet while they pursued their goals. Heck, look at Gates and Jobs, neither finished school but worked 80 hour weeks for many years to become billionaires. Hard work, thrift and frugality usually seems to pay off.

One addendum, so many of these 'get rich semi quick' guys talk about using your equity. First you have to have it, then you have to grow it. If you can get to the point where rentals can support themselves with the mortgage, repairs and expenses then DON'T dip into the equity past the point of profit. The only times in my life where I've had real financial stress was when I had mortgages that weren't paying for themselves. When the 2008 real estate down turn hit I had picked up 10 properties, 3 luxury lots and 7 houses, from a non-real estate deal that went bad. I did a personal loan to a builder who blew the money and could only give me mortgaged properties that had 'equity' that equaled what he owed me. Then the crash hit and I had to walk on the properties that were under water and not supporting themselves. Luckily the mortgages weren't in my name. He threatened to sue but I threatened to sue back for the original loan and he shut up. If the property is a negative cash flow and you can't easily 'afford' the negative then dump the 'asset'. It's not really an asset if it is negatively effecting the cash flow. Unless you have divine foreknowledge that you're buying bitcoin at 25 cents (I actually had that opportunity and passed 😧) then don't get involved with long term negative cash flow.

when you say you getting facials... what exactly do you mean by that?🤔😮you mean multiple men at a time or one man multiple times..perhaps once a decade??

I make 35k and live by myself. Cant say i live particularly high on the hog, but i want for nothing. Place is paid off, truck is paid off. Usually save 5-10% of my monthly salary and dump it into a 1 year CD. after one cashes out i dump my year savings into a new one and have been continuing that cycle for 10 years now. By the time i retire ill have somewhere between 200-350k which i can just throw into the market and live off of a mix of dividends and social security. If SSI isnt still a thing then ill still live a modicum of well but not particularly well

I'm not one to go in debt but the concept does work for those that choose that route and it's surprisingly more simple than people may realize. If you don't have much money and you want to get that $250,000 loan the guy mentioned then there's a reasonable chance the bank will want a 20% down payment because they were talking about real estate which I'd assume means the $250,000 is for buying property to invest in. 20% of $250,000 is $50,000 and the average person has nowhere near that amount of money so how would the potentially broke person solve this? You can with some reliability get that $50,000 loan if you put up $5,000 up front because if you're broke then you likely do not have a good enough income to get the bank to automatically approve your loan.

If you don't have the $5,000 which again over half of working adults today have less than $2,000 available at any given moment. So the broke person cannot get the $250,000 loan yet and due to the likelihood of their income being too low to automatically get the $50,000 loan, even a broke as fuck person can get a $5,000 loan. Then this broke person takes that $5,000 loan to get the $50,000 loan and then use that $50,000 loan to get the $250,000 loan then pay off the 2 loans totaling $55,000 and have $195,000 remaining. This is not the desired $250,000 loan but it is how people that are into real estate can move past each financial hurdle. Then this technically still broke person can use that $195,000 to invest in property they can turn into profit and eventually that profit can pay off the remaining loan of $250,000.

Even if the interest rate is low, it's still going to be ideal for this broke person to pay off that loan because the interest is going to add a lot to it. The broke person even with great credit is going to have a more difficult time getting the low interest rate due to their loan being a higher risk to the bank hence the needed hefty deposit. From this point the person can repeat whichever steps needed to continue. The person can also make that property investment make enough money to continue their investments with. After having paid off the $250,000 loan, the chances of getting another loan like that without the hefty down payment will greatly increase.

There are many people that preach the real estate bullshit but it really is bullshit because although it can make you a millionaire, it is also very dependent on ever changing housing markets. Every investment comes with some degree of risk with some being higher risk. Most people prefer more reliable and guaranteed methods of making money which unfortunately causes them for be broke more often than not. A lot of people simply have too many bills, too many responsibilities to be able to invest the time, effort, and money needed into this. I just wanted to detail how these people can seemingly magically pull all this money out of nowhere. Many of these people also will not invest their own money into anything but rather will take out new loans and invest the bank's money and pay the bank back over time while they are using that borrowed money to financially improve their lives.

Also many of these people are not rich like they pretend to be. They just have a lot of never ending debt while attempting to become actually rich. Most of their assets are not fully owned since usually they owe money on everything they have. If they don't make mistakes then 100% they can get rich but a mistake or 2 can cause them to be broke, potentially homeless, filing for bankruptcy with their credit destroyed. Many people are not willing to take those types of risks.

I thought that I was the one who decides whether I want to be rich or not.

I make about 100k a year, my house is paid and zero debt. Just me and my wife, kids are adults now, living their lives.

So why?

even with the extra hours and the extra work... if you dont got a bit of luck you still will fail... sad but true

Like most things, I’d say the issue of earnings is multifaceted. Yes, you need to work hard and continue to have growth in your chosen industry, but that is not the end all be all. Failures of a debt based economy, taxes, wages vs production and the wealth gap, bailouts for big companies and rugged capitalism for individuals, less and less benefits from companies and focusing on unsustainable quarterly growth to name a few.

the best financial advice i ever got was by my father... if you cant pay it in cash you own you dont need it... helped me a lot ;)

A wise man once told me “Don’t be impressed with people who make a lot of money, most people are just broke on a higher level.” How you make your money is more important then how much you are make. Until you are able to make money in your sleep, you are still broke because if your income is dependent on your activity then you are just hoping nothing happens to you. I’m still in that building phase and it’s not easy and it’s not for everyone.

You need money to make money. This is why the rich get richer and the poor get poorer.

Commented when you had 304 likes brotherman lol. God bless you and the family!

Hey, it's Hickok!! As a gun guy I have been following him for years! :)

I'm "broke", I have a house and a car and some land. But I have about zero in my bank account. Why?? Because of women! I have worked hard all my life. As a teacher, in tech, in construction, cars....and to be honest I'm theoretically smart. At an IQ at about 149. But, I trust people. I'm not lazy, I'm not really stupid, exept for trusting people. Especially women, and after 52 years...I have just given up on them. I have my house, my chickens, dogs. It's enough for me at my age. :)
I also used to be a professional photographer. Loved that!! Still love taking pictures, but my body sort of gave up on me. And when the health REALLY F's you over there is little you can do about it.