“He lives cheap because: “Sooner or later they fire everybody.”" [Frugal For Life]
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While that is somewhat good advice, I could never suggest to any woman (single or married, young or old) to live in a shady neighborhood just to save money. My mother always told me (aside from never skimp on cars, health care, healthy food and shoes) that you can cut down on how much clothing you buy, how many shoes you buy, but you can’t replace a bad investment in a bad neighborhood. Safety trumps any kind of expenses you have to make for a better neighborhood. Spend a little more, have peace of mind.
Moral of the story….don’t work for a tabloid newspaper.
Damn straight.
@mrmysterious: totally
shouldn’t it be “teh things u own end up pwning you”?
If you have no opportunities to move up, definitely don’t get stuck with items that you have trouble affording. However, if you’re in an industry that has a lot of growth potential, I see nothing wrong with buying items that are a bit more expensive (but are still affordable).
Sounds like a fancy way of saying “Don’t buy what you can’t afford.” Amazing how that easily applies to so many debt problems.
well spoken Mr. Durden
@wring: Only if you can’t spell.
@SOhp101: IAWTC
Live like a salesman. The sales managers I worked with would encourage people to buy stuff they couldn’t afford so they knew the stiffs would have to work hard to make quota at the end of the next quarter.
@LIQUISOFT: Re: “if you’re in an industry that has a lot of growth potential” — Don’t use that as an excuse to overspend, no matter how tempting it is.
Back in the late 1990s, People I knew were in a “growth potential” industry (telecom) — there’s a huge labor shortage, the wages are ridiculously high, and the area I’m in had all the big companies (Cisco, Alcatel, Lucent, Nortel, etc) plus tons of medium-to small companies that were either “me-too” companies or startups… Guess what? 2000 rolls around, massive layoffs at all the companies, almost all the startups died, and only a small percentage could find jobs in the same industry. Most people either changed professions or gave up looking for jobs.
All those who overspent based on their “rosey” situation lost quite a bit of what they had.
Those who didn’t managed to hang on until everything settled down.
For great advice, stalk your boss?
@MissJ: Not living in a dangerous neighborhood is important… Sometimes you may have to swallow your pride and live with roommates in order to live in a safe area.