XPost: can.general, can.politics, ott.general.   
   From: Canuck57@nospam.com   
      
   On 09/07/2011 2:38 PM, John Fleming wrote:   
   > On Sat, 09 Jul 2011 13:32:04 -0600, while chained to a desk   
   > in the scriptorium Canuck57  wrote:   
   >> $On 08/07/2011 9:23 PM, John Fleming wrote:   
   >> $   
   >> $>  I expect some of the union hacks who support the NDP make   
   >> $>  better coin than I do.  So when it comes to "redistributing   
   >> $>  wealth", the NDP might want to start looking through its own   
   >> $>  membership list first.   
   >> $   
   >> $But they are not smarter than you.  Same was true of myself.  Trick is   
   >> $save a little often.  Not be a union brained beer drinker or pot smoker   
   >> $pickling the brains.   
   >> $   
   >> $>  If there is a difference between me and some of the so   
   >> $>  called "have nots", it's that I choose to live within my   
   >> $>  means.  To budget my money and make sure I have some left at   
   >> $>  the end of the month.   
   >> $   
   >> $Extremely good habit I suspect 80%+ of the people never get.   
   >   
   > Doesn't help when they are exposed to the wrong message.   
   >   
   > Been hearing this ad on 630 CHED for one of the home equity   
   > loan companies lately.  Has your house talking to you about   
   > you being to busy to notice the bushes need trimmed, and   
   > that maybe you need a vacation.  And that to pay for that   
   > vacation, perhaps you need a home equity loan.   
   >   
   > Cripes, not only is that a bad message vis-a-vis personal   
   > finance, it's aimed at the very people who not absolutely   
   > under no circumstances be taking on any more debt.   
   >   
   > If the banks aren't going to lend you money, it means you   
   > are a bad credit risk.  And the message these people need to   
   > be getting isn't one of, "if the banks won't loan you money,   
   > someone else will."  The message they should be getting is   
   > one of, "if the banks won't lend you money, you need to get   
   > your financial house back in good shape."  Yup, pay down   
   > your debt, build up some savings, and make sure you are in   
   > better financial shape to begin with.   
   >   
   >> $>  Believe me, a person can have a six figure income and still   
   >> $>  be a paycheque away from bankruptcy.  A person can also earn   
   >> $>  a lot less, and still be financially secure.   
   >> $   
   >> $Quite true, and in fact might even be more popular than poorer people as   
   >> $a percentage.  If you haul in $100k/year the bank will extend your   
   >> $credit to far too much of what is good for you.  Where as if you make   
   >> $only $25k/year getting a card with more than a $2k limit might be hard.   
   >   
   > Good point.  In theory, the banks would like to get the   
   > money they loan you back.  And, if you are a bigger fish   
   > with more money, it's easier to justify the court costs if   
   > they have to push you into bankruptcy.  If you are small   
   > fry, well, it's easier to just not lend you the money in the   
   > first place.   
   >   
   >> $I watch "Till Debt Do Us Part" and I can't understand how people are so   
   >> $undisciplined to let frivolousness debt go to $30K, $60K and beyond.   
   >   
   > I think the answer is simple.  They never learned how to   
   > track their expenses and stick to a budget.  Not at home.   
   > Not at school.   
   >   
   > Throw in a shift in society from, "if I want it, do I have   
   > to money to pay for it?" (meaning cash in the bank) to one   
   > of "can I make the payments?"  Result is you can now go   
   > deeply into debt as long as you can keep making minimum   
   > payments on your credit cards.   
      
   Maybe we need better laws to protect the people from their own   
   stupidity.  When I came back from working out of the country and needed   
   a domestic credit card fast, I saw my bank manager.  She got me one   
   right away, had it in 2 days as a preferred customer type.  But she   
   asked me if I wanted $25k or $50k limit, I said lets try $7k as I didn't   
   plan to use more.   
      
   Later had it bounced to $12k when I needed a pair of high efficiency   
   furnaces and hot water all done over to code.  See, my no-fee card kicks   
   me back 1% and since I paid it out of my reserve fund, no credit   
   charges.  Government and manufacture kickbacks took 10 weeks...no worry.   
      
   Yet without the reserve fund, I might have had $200/mo carry charge   
   until paid.  Totally avoidable.  $200 tax paid money for my wife and I   
   to enjoy.  Took her out for lobster for having patience while the   
   workers were in.   
      
   People just don't know what they are missing by getting home finances   
   wrong.  Doing it without service charges just adds to life.   
   --   
   Now the real war is on Obama-debt, to save America's future.   
   And do it for your kids sake....and ignore the selfish fleabags...   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)