Monday, August 23

Stories of money and how people spend it (Part II)


People who aren't well off buy iPhone 3G. Fine, it's a bit expensive but no problem. I'd hardly call a $2000 investment on a luxury item "no problem" for people with no money. But they don't NEED an iPhone. If they keep spending beyond their means like that, it's gonna catch up to them one day, until they end up going bankrupt or die from the stress of trying to pay bills.

Poor people buy these things because it is all they can afford. People who earn more think about buying stocks or a house, so they save. But poorer people don't even think about buying things like that because they can't afford it. They go out and buy new phones and televisions because it is something they can afford and it makes them feel good so that they don't think they are poor. While a person who wants to buy a new house thinks that buying a new television when his one is only a few years old is a waste of money. He sees that his money would be better put towards the house. The poorer person sees the money as either buying a television or nothing.

Contribute to the economy is a worthwhile way, dont buy useless bullshit that is made to break and be disposable. The average is to live beyond your means and thats fucking destructive any way you slice it. The government doesn't give a shit about debt, why should I? In case you haven't read the first part, communism don't understand the concept of fun. Unless of course fun includes criticizing anyone more successful than you. Because when the government gets into debt they just take more money from tax payers. While we are unable to do this ourself.

I know I buy myself gifts and shit all the time to cheer myself up. How much are these gifts? Depends on what I can afford. If there is one thing I learned from my dad is that the more money you have the more money you're going to spend. Most people can't save money to save their life. Which is probably why so many end up in debt. They are unwilling and just unable to change their spending habits so even if they get out of debt most likely they just end up right back there because of stupid shit. Nevertheless, Keynes tells if people spend more it helps jump start the economy. It's ironic isn't it?

If you have a lot of money to spend what's so evil about spending it? Buying shit you really shouldn't- no one is saying not to buy expensive things. It's more so why do people buy things that are beyond what their income is. People worry about money while others don't care and spend what they have now and even get into debt to make themselves happy. They don't think about the future too much and just figure that they will figure it out when they need to buy a new firdge or computer. While people like us don't want to stress out about having money issues. So we worry about money issues now.

Fin

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