Status of Everything Attachments

[ultrarunner]

The person you described probably also falls in this category of American Workers.

63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that

High inflation continues to add financial stress to workers' budgets. Experts say new benefits to provide emergency savings plans may help.

www.cnbc.com

I can appreciate the effect the lack of good role models can have… especially in the formative years.

With years as a property manager I had a glimpse into applicants financial status and it was eye opening… pages of charge offs and late payments, etc.

Some customers got upset at the car dealership hearing they were looking at too much automobile for their income… but being this is the land of opportunity there is always someone willing to take your money and then you wind up upside down.

Car payments, vacations, going out and jewelry is what I mostly came across.

It’s none of my business unless you are asking me to approve your application to rent from me… then it is very much my business not to be the next name on your credit report.

On the flip side I know a number of hard working people of modest means that every month send money home to family in other countries…

If I could summarize the lesson taught about debt it is avoid and when… never on something that depreciates…

Back in the day many TV shows taught lessons of thrift and honesty…

Here is one on Debt

 

[LittleBill21]

for those of you with the cash offers that got flipped to the financing, was this ONLY on NEW cars? or did any of you be successful on used as well.

 

[ultrarunner]

No one in the family has ever bought on time but the dealerships selling new and used really push financing and are good at it to the point of presenting finance options when not interested.

 

[ultrarunner]

Another way to look at it is EA customers were floating zero interest loans to EA and some of those loans very much look like gifts.

I had several personable calls from EA after I requested a catalog and even recommended EA to friends saying the company is well thought of on TBN

 

[ultrarunner]

The person you described probably also falls in this category of American Workers.

63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that

High inflation continues to add financial stress to workers' budgets. Experts say new benefits to provide emergency savings plans may help.

www.cnbc.com

The article states the only way to be secure is savings…

Not really accurate and here are some examples.

Families with Section 8 Housing are quite secure plus eligibility brings a flood of other assistance programs and couple that with ever stronger renter rights it makes the case one can be secure and not depend at on savings.

Another is life in a religious order where all your needs are secure.

Another is military… know a few single and they are very secure…

Options exist and many are the same as parents and grandparents had…

 

[Lineman North Florida]

The best way to get credit is not to need it.

I know quite a few paycheck to paycheck and for a lot of them self imposed.

A co-worker in the building bought a new car and then took an offer for a credit card and maxed it on vacation…

I thought maybe her husband had a very good job but she is single but had a boyfriend on the vacation…

He was suppose to pay half but they broke up…

Almost everyone has means and my grandmother said to always live below your means avoids trouble…

Maybe too many with financial woes didn’t have a grandmother like mine?

The whole part about living within or below your means is always good advice, seems like a lot of people from that earlier generation learned to live that way, probably because they lived through some really hard times and had to do without.

 

[Lineman North Florida]

for those of you with the cash offers that got flipped to the financing, was this ONLY on NEW cars? or did any of you be successful on used as well.

Mine was a new truck, he told me they wouldn't do it on used except GM Certified vehicles and I think they had to be no more than 2 years old, but that was back in 2015, things might have changed.

 

[Jstpssng]

Another way to look at it is EA customers were floating zero interest loans to EA

This is what I've said all along, including when I was looking for a grapple.
I also say the same thing about people who get a big income tax refund. Why loan the government all of that money with no benefit to yourself?

 

[LouNY]

for those of you with the cash offers that got flipped to the financing, was this ONLY on NEW cars? or did any of you be successful on used as well.

Only happened to me on new.

 

[ultrarunner]

The whole part about living within or below your means is always good advice, seems like a lot of people from that earlier generation learned to live that way, probably because they lived through some really hard times and had to do without.

Even if they didn't they had parents and grandparents that did and could bring it too life...

I was very young and remember asking about the Depression not knowing anything...

Grandma said times were hard and I said how hard?

She looked out the window and pointed to nearby homes saying the people that owned those homes lost them to the bank...

I said how come you didn't loose your home and she said your grandfather and I never buy anything unless we have the cash in hand and when your grandfather lost his job he was able to pick up work as a driver and sometimes he work all day and night and I took in mending and we had a little garden with chickens and I put up fruit...

A lot of people that lost their homes put money in the stock market and spent like there was no tomorrow until the crash and then lost it all.

She said it's hard to loose something that's paid for... but there are exceptions like unfilled EA orders.

 

[LittleBill21]

Mine was a new truck, he told me they wouldn't do it on used except GM Certified vehicles and I think they had to be no more than 2 years old, but that was back in 2015, things might have changed.

thats what i thought, I only buy used 3 years +

 

[Gator6x4]

The article states the only way to be secure is savings…

Not really accurate and here are some examples.

Families with Section 8 Housing are quite secure plus eligibility brings a flood of other assistance programs and couple that with ever stronger renter rights it makes the case one can be secure and not depend at on savings.

Another is life in a religious order where all your needs are secure.

Another is military… know a few single and they are very secure…

Options exist and many are the same as parents and grandparents had…

Section eight is a God Program. Medicaid is another God Program. Get either of the two and the Tax Payer free money will roll in through other Social Programs.

 

[Torvy]

Mine was a new truck, he told me they wouldn't do it on used except GM Certified vehicles and I think they had to be no more than 2 years old, but that was back in 2015, things might have changed.

It happens all the time. Dealers get up to 2% of the financing. New or used. That part is negotiable for them with the lender.
Much more likely with dealers who sell both new/used. The lender I worked on auto lending had only a handful of independent dealers. Many of the others are too shady to risk lending for.

 

[TN8Man]

It's just all part of negotiating the outcome. If done in the right way, offering cash for a discount is often effective. You should try it. Some people are afraid to offer less than asking price. They don't like rejection.

Sometimes offering to buy multiples of an item might get you a discount and another discount for cash. If you approach it as a win-win it can be.

My practice is researching the best product for the best price and then negotiating the price if its a option.

 

[sixdogs]

The whole part about living within or below your means is always good advice, seems like a lot of people from that earlier generation learned to live that way, probably because they lived through some really hard times and had to do without.

The lessons of thrift as well as prudence and virtue are rarely taught. They must be learned. Witness the roaring 20's that turned into the desperate 30's.

It takes time for cycles to repeat but as surely as human nature repeats, the cycles it predicts follow as well.

 

[2manyrocks]

There were a lot of hard lessons learned during the Great Depression by those who lived through it that have been lost with their passing. Now we have fools that think it can't happen again.

 

[Jstpssng]

There were a lot of hard lessons learned during the Great Depression by those who lived through it that have been lost with their passing. Now we have fools that think it can't happen again.

B-b-but- they passed laws back then and the FDIC was created. We will never go through times like that again, the government will take care of us. (As I blindly overlook 2008)

 

[Fuddyduddy1952]

We need more printers!

 

[two_bit_score]

My practice is researching the best product for the best price and then negotiating the price if its a option.

No argument about that!

 

[TN8Man]

There were a lot of hard lessons learned during the Great Depression by those who lived through it that have been lost with their passing. Now we have fools that think it can't happen again.

They didn't learn the biggest lesson, to get rid of our central (global) bank. They are the cause of our economic woes.