Obvious tag?

Works for me.

Shocked! Shocked I tell you!

(notices his own nick)

Yes, put all of your money in a pension account. Then we'll tax the hell out of it and take it all....

a penny saved is a penny earned
but a penny spent is a penny enjoyed

Yes, let's not support the arts! Don't buy CD's or DVD's and be good Brits taking up all the good beaches when we're 95 years old!

Is there anything better than passing the legal buying age and strolling into a place to buy your own stuff? That, or hitting a drive through window with a big smile on your face?

As opposed to getting someone else to buy it for you, which sucks. I feel sorry for those that have to do that these days. It was a lot less tight-assed when I was in high school and college. Many places would sell to a minor anyway, if you had the cash.

The MAN has got you right where he wants you, living paycheck to paycheck, like the retards that you are.

Well, I do use my 401k, and I just bought a house, so those are my starting points.

Well, DUH. They're in semi-commie England. Why bother saving your money when you expect the state to provide for you when you get old?

...of course, when the state runs out of money...

CruJones,

You use money from your 401k to buy alcohol?

As much as I would hate to think of this. Due to the older population getting larger and people not breeding Yes I am guilty of not breeding. If people don't put aside money for retirement and think of long term on going investments what they will get from the government will be pitifull. It will be enough so they don't die but not enough to have any more than a miserable existance.

I don't think this guy is advocating that people have no life and go no where and buy no cd's and see no concerts. I think what is advocating is spend a bit and save a bit.

Here in the U.S. a few years ago, some Democrat congresswoman noticed the big piles of money just lying around in all the retirement accounts and decided that government should have a share of it. She proposed a 15% tax on all retirement funds. Luckily the Republicans won control of Congress shortly after that and her proposal went nowhere, but it's proof that any unguarded pile of cash isn't safe when some politico decides to go a-huntin'. I'm betting that the same would happen in Old Blighty if the proles actually did start saving lots of money.

For a further example in the U.S., just look at the raids on the highway "trust funds" that'll never be paid back. The next time some bureaucrat starts talking about establishing a new "trust fund" for some great purpose, spit in his face.

Do a little dance..get hot tonight



Still trying to convince my self Beer and Twinkey's have no nutritional value

Proud to be part of the problem.

Yeah well, Im young and stupid.

Pissing away your money on booze is spiffy? Bullshiat like this is the reason why I'm forced to pay social security - so the dumbasses who don't have a clue about money can live off my dime when they turn 65 and realize their savings is at zero and they can't work. Not that social security will help them any, since the gubermint is spending it all.

You say!!

Next, you'll tell me they buy drugs, too.

Guest:

Saving money at a young age doesn't really impact the problems caused by increasing life spans and reduced birth rates, not on a lrage (national or global) scale. Inflation just compensates for it.

Moving people from non-productive jkobs (lijke day traders, politicians, bankers, legal trades, etc.) to R&D, production, and distribution type jobs would help. Increasing the accepted retirement age would help too, and especially if we could keep older people in jobs that count.

Really, what it comes down to is how much we can make and distribute versus what we need to consume.

How much money, in whatever units, are owned my any particular age group is irrelevant, as two groups, the workers and the executives/government in power, will as always, make the needed adjustments in the value of old money relative to the value of new money.

Booze- 1
Savings- 0

Booze- 1
Savings- 0

How much money, in whatever units, are owned my any particular age group is irrelevant, as two groups, the workers and the executives/government in power, will as always, make the needed adjustments in the value of old money relative to the value of new money.


Yes they will use tax from any age group. However what people get as a pension today is pitiful. What they will get when there are not enough people working to support such a top heavy lot of pensioners will be far less. Yet the young can get into property and save and have a good retirement. It is really up to the individual whether he or she put some money aside however if they don't, they wouldn't want to whinge when they spend their Autumn years living in a caravan eating dog food.

Many pensioners do that these days and it is only going to get worse.

It's a pensioner eat dog food world.

That's because the richest of the rich have been busy stealing from the rest of us gradually while the majority sits around oblivious watching TV.

DUH

My plan is to save all my empites and when retirement comes around ching ching ching!

How did you think i payed for college . Quit drinking? HA~!

/Now whos being naive huh? huh? ......thats what i thought......who am i talking to?

The W3C [www.w3.org] has determined that young people are wasting their savings by upgrading to broadband and reading fark.com.

Oh, you parents pay for the connection......never mind.

2003-12-27 01:37:31 PM practicalhippie
"That's because the richest of the rich have been busy stealing from the rest of us gradually while the majority sits around oblivious watching TV."

"Conservatism is sometimes a symptom of sterility. Those who have nothing in them that can grow and develop must cling to what they have in beliefs, ideas and possessions. The sterile radical, too, is basically conservative. He is afraid to let go of the ideas and beliefs he picked up in his youth lest his life be seen as empty and wasted."

It's my liver.
I'll drink 'til I'm dead,
and then no farker can use it when I'm done.

hil-arious. Maybe if the damn gub-ment didnt take half my damn salary in taxes, id have money to save!

"If you're not a liberal when you're 20, you have no heart. If you're not a conservative when you're 40, you have no head." - Winston Churchill

Hmmm, an annual 4.5% interest accrual on a hundred bucks...is equal to a mocha and a paper.

Maybe there's a reason saving seems like a waste of effort.

I've spent the last 3 yrs saving for a down payment on a condo so I can stop renting shiatty apts from asswipe landlords and actually own a place of my own. The government is being kind enough to give me an FHA loan. Of course they're charging me $85 a month in PMI, but at least I'm getting a place, and a tax break, and I only had to put 3% down.

Real estate is the only investment the government seems to encourage these days... stocks too unstable, savings accounts earn such little interest, bonds and IRAs aren't liquid enough, everything expect interest on your mortgage is taxed so badly its a wonder you even get a paycheck each month.

BTW, when I was trying to save, cutting back on barhopping VERY QUICKLY put some money in the bank. It is really scary how much money I spend on a night out vs. a night in. Night in: $10 of food and drink. Bar: $60+ in food, drink, cabs. Staying in 5 nights that I'd normally go out = $250 in the bank.

Live beneath your means.

It's not hard.

All of you worried about the population getting too
old, its not really a problem here in the USA, since
our population is growing at an alarming rate.
It growing through ilegal immigration, but its still
growing.

BTW, I drink a LOT more now that I'm an old fart,
and I can afford better booze too!

I only spend about $100 on alcohol/clubbing a month. If I had no social life, I could contribute that $100 to a credit card bill from college. No thanks. There's no way in hell I could start saving for retirement. I'm going to be paying on my student loans until 2027. No joke.