Banks/Money Managment

My wife is a huge fan of Dave Ramsey. Financially, it has helped our family alot to follow some of his principles.

America is a nation drowning in debt.

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Elroy231 said:
America is a nation drowning in debt.
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That is true, but I would also add to that by saying that America is a nation of consumerism and consumptionism. The three often go together. If Americans only spent what they had, I think half our country would be out of work because there would not be enough people with the liquidity necessary to purchase all of the goods and services that are out there.
 
Sharkey said:
That is true, but I would also add to that by saying that America is a nation of consumerism and consumptionism. The three often go together. If Americans only spent what they had, I think half our country would be out of work because there would not be enough people with the liquidity necessary to purchase all of the goods and services that are out there.
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I agree with this 100%


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WJCO said:
https://www.reuters.com/article/us-...eek-since-2008-financial-crisis-idUSKCN20M001
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I've been waiting for this for awhile...whatever goes up, must eventually come down...it just needed an event to trigger a sell off and market correction...however, the good news is whatever goes down must come up... eventually. The trick is how to time the dip to re-enter the market...

I could have built 10 killer JT's with my market losses in the last three days...but I expect to make it all back (and then some) before the end of the year. If you panic and join the sell off, you make patient investors like me rich...good things come to those that wait...
 
A guy cant argue with that. Consumerism has been the heartbeat of America since the end of the cold war.
Sharkey said:
That is true, but I would also add to that by saying that America is a nation of consumerism and consumptionism. The three often go together. If Americans only spent what they had, I think half our country would be out of work because there would not be enough people with the liquidity necessary to purchase all of the goods and services that are out there.
Click to expand...

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Brute said:
I've been waiting for this for awhile...whatever goes up, must eventually come down...it just needed an event to trigger a sell off and market correction...however, the good news is whatever goes down must come up... eventually. The trick is how to time the dip to re-enter the market...

I could have built 10 killer JT's with my market losses in the last three days...but I expect to make it all back (and then some) before the end of the year. If you panic and join the sell off, you make patient investors like me rich...good things come to those that wait...
Click to expand...

It is not something to panic about and sell off when it goes down. The real trick is to buy when your young and sit on it. I’m 54 and I think I remember the markets around 3000 maybe


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Seems all I'm investing in is Jeep parts these days.

My retirement plan except in a red Jeep when I'm 85

T&L.jpg
 
Sharkey said:
That is true, but I would also add to that by saying that America is a nation of consumerism and consumptionism. The three often go together. If Americans only spent what they had, I think half our country would be out of work because there would not be enough people with the liquidity necessary to purchase all of the goods and services that are out there.
Click to expand...

Spot on.


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WJCO said:
https://www.reuters.com/article/us-...eek-since-2008-financial-crisis-idUSKCN20M001
Click to expand...

Brute said:
I've been waiting for this for awhile...whatever goes up, must eventually come down...it just needed an event to trigger a sell off and market correction...however, the good news is whatever goes down must come up... eventually. The trick is how to time the dip to re-enter the market...

I could have built 10 killer JT's with my market losses in the last three days...but I expect to make it all back (and then some) before the end of the year. If you panic and join the sell off, you make patient investors like me rich...good things come to those that wait...
Click to expand...

I made a few buys, today. It may go lower, and then again, it may not.


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Meh.

Crashes, recessions, dips, hyped up panic via media. All will never urge me to stop investing or pull out. The turtle wins the race every time I’ve read the book.....
 
A few of you guys may find this guy interesting if you're interested in market talk. He usually has a few good points. I watch him from time to time because he looks at things quite different than the mainstream.

 
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