> FACT: Poverty is a choice.

My luxuries are free.  And another 50 of them are coming from Fairchild tomorrow!

wrote:

IE chose to be poor. 

OMG! Remember when he went on food stamps?
\
feelmirth.png - He's such a whyte!!

wrote:

OMG! Remember when he went on food stamps?
\
feelmirth.png - He's such a whyte!!

modfilth ruin everything

SamplesBoi wrote:

My luxuries are free.  And another 50 of them are coming from Fairchild tomorrow!

This guy is a genius.

ImperialExecutive wrote:

Poor people today almost always choose luxuries over necessities.

A poor person today never saves money, and he never reduces his standard of living to match his low income level. In the rare cases when he does save money, it's almost always for short term goals, or it just gets wasted on some family bullshyt or it's lost due to theft.

I'd never met a poor person who didn't smoke and drink. Are cigarettes and beer free?

I challenge you to find a poor person who understands that to have $5 in a week, you have to save $1 today, then $1 tomorrow, etc. Those dollars just get spent, and in a week, the poor person doesn't have the five bucks he needed.

There's a reason why convenience stores are a booming enterprise. Poor people have poor impulse control. Instead of shopping wisely at a cut-rate supermarket, they walk or drive down the street and spend 4 times as much for groceries at a convenience store.

Poor people are uniformly stupid. But largely they are just lazy. And that's why they're poor.­

Hey IE, it's great to see you again!

Every family needs to save at least $100 to a mutual funds IRA account every week but many can't save $1 because beer and cigarettes come first.

$300 a week is better.

The average annual return for a mutual fund varies significantly by fund type, but historical averages are roughly 9–12% for equity funds, 6–9% for hybrid funds, and 3–5% for bond funds over the long term. However, the actual return an investor experiences can be lower due to factors like poor timing with purchases and sales. For example, a Morningstar study found that investors realized an average annual return of 6.3% compared to the average mutual fund's 7.3% over the last decade, a gap of about 15%.

@ $300 a week how much would be in the account in 30 years earning 8%?

Why work? where I live average person on welfare can make up to $68,000 a year in benefits there really isn't anybody poor in America.

wrote:

You old fool, somebody bumped an old thread.

Keep sending money to fatass, dumbass.

Yep, you get to 81 years old and shyt gets around you.

What ever did happen to IE?

I love how Baggers are absolute fuqing experts on what the poor do, what blacks think, and how women should behave but, darn it, they just can’t keep their penises out of children.

Diarrhetrius Brown wrote:

Yep, you get to 81 years old and shyt gets around you.

What ever did happen to IE?

He went to prison, but it wasn't his fault.

They should have arrested Fauci instead.

Arrest Fauci wrote:

He went to prison, but it wasn't his fault.

They should have arrested Fauci instead.

What did he go to prison for?

wrote:

Wrong.

The poorest of all are "middle class" people that live check to check taking out 2nd mortgages and HELOCS to support an unsustainable lifestyle.  They are literally one check away from being homeless and having their leased car repoed.

Chronically poor people can not get credit so they simply can not enter into a ticking bomb life where one job loss or illness means you are fuqed.  The poor that own a shabby house usually owe nothing and can survive not having a check come in better than McMansion dwellers.

You have all poor people grouped the same as whytes.

Chronically poor people don't own homes. They are poor because they make horrible financial decisions which means they never made good enough financial decisions to save up for a down payment and to have good credit.