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Circuit City Gives Up

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Top message:  Good by Tmo Slave   Jan 16, 2009, 12:43 PM

Replying to:  Re: The American way - I want it for nothing, damn the consequences by wolfdude359   Jan 19, 2009, 8:01 AM

Re: The American way - I want it for nothing, damn the consequences

by algorithmplus    Jan 19, 2009, 1:02 PM

Well said.

Many people, especially young people who don't start out with massive fortunes, feel the brunt of this. In 1960, I bet it was unusual for a college student to graduate with a student loan debtload of $30,000. But now, it's commonplace. If you save $5 per day every day for a year, you've managed to save over $1800 in just the course of the year. Take that and apply it to everything in your life, and you can take smaller incomes and do much better with them.

Also, it's tough to spend extra money when you don't have to. Think about how home prices have doubled, the way gas has gone up, food has gone up, but real wages stay about the same. That $5 is suddenly more valuable to you.

It would be nice if we all had enough money where hundred of dollars were simply immaterial, but the truth is that it is not the case for many people.

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