Insurance

[Cuz]

Sure. Diversified investments has worked for us for 40 years. This year has been a good one, and I’m not being a smart ass. Try the taxes in California. At least I ain’t driving much so my gasoline costs for my 12 mpg beast doesn’t ruin me with our gas prices.

Sorry you’re hurting Cuz.

Im not talking about investments im speaking about the working middle class sir. Diversified investments mean absolutely nothing to me. What is your gas prices in Cal ? Its 2.59 here. Which is not bad its the lowest its been since a Biden took the seat but still nowhere near it was, it would need to fall another 79c. Gas doesn’t bother me my commute is only 15 minutes to the plant. What bothers me is interest rates in comparison with gross price. Both are elevated I can’t buy anything bc of that. Autos and homes are out of the question. Insurance rates are higher for me than ever and groceries bills are as well. If it keeps up im going off grid

[wango]

Im not talking about investments im speaking about the working middle class sir. Diversified investments mean absolutely nothing to me. What is your gas prices in Cal ? Its 2.59 here. Which is not bad its the lowest its been since a Biden took the seat but still nowhere near it was, it would need to fall another 79c. Gas doesn’t bother me my commute is only 15 minutes to the plant. What bothers me is interest rates in comparison with gross price. Both are elevated I can’t buy anything bc of that. Autos and homes are out of the question. Insurance rates are higher for me than ever and groceries bills are as well. If it keeps up im going off grid

You asked about unlocking wealth & I responded. I was a school teacher for the last 20 years. I grew up lower-middle class, yeah I get it. But . . . .

I was taught at an early age to save as much of your wages as you could, so for 40 years we pumped roughly 20% into investments. The market has its ups and downs for every President, but regardless you just keep finding it, even if if was a shit year (we lost around 20% last year, as did a lot of folks, but didn’t lose trust) & you will be rewarded in the long run (and things are in fact improving this year). Do you recall the economic disaster with Bush prior to Obama improving it, shit happens & you adapt.

Out here gas is over 6$ per gallon, fuck everything is outrageous , to live in this country ain’t cheap. I’m loving & appreciating Costco more & more. I just bought this big fleece shirt for 10 bucks, it helps because we keep our thermostat way down low to keep our gas bills lower.

[Cuz]

You asked about unlocking wealth & I responded. I was a school teacher for the last 20 years. I grew up lower-middle class, yeah I get it. But . . . .

I was taught at an early age to save as much of your wages as you could, so for 40 years we pumped roughly 20% into investments. The market has its ups and downs for every President, but regardless you just keep finding it, even if if was a shit year (we lost around 20% last year, as did a lot of folks, but didn’t lose trust) & you will be rewarded in the long run (and things are in fact improving this year). Do you recall the economic disaster with Bush prior to Obama improving it, shit happens & you adapt.

Out here gas is over 6$ per gallon, fuck everything is outrageous , to live in this country ain’t cheap. I’m loving & appreciating Costco more & more. I just bought this big fleece shirt for 10 bucks, it helps because we keep our thermostat way down low to keep our gas bills lower.

So you put 20% of your wages into stocks? On a school teachers salary? You sir are incredibly amazing i commend you. And Im not being a smart ass Im sincerely asking, and your opinion is, to invest in stocks from income that you make working a regular job, which is what I do. I do not any company or business like most Americans. Will look into that.
But, is the money really there? You mentioned Bush, and a terrible economic time. Under Bush, our national Debt was 3 trillion and minimum wage was 5.15, in my state. As of now to my knowledge minimum wage is somewhere around 7.35 maybe ? Id have to look it up, but the national debt is 33 trillion dollars. Do you see a problem? Capitalism is out of control and I dont see where a middle class will be made possible if things keep going, just rich and poor. Debt is never the answer in my opinion. The us dollar is losing more value every day.
Again, incredible to save 20% of your net income. I cannot fathom that, I guess thats why my bank account is shit lol

[wango]

So you put 20% of your wages into stocks? On a school teachers salary? You sir are incredibly amazing i commend you. And Im not being a smart ass Im sincerely asking, and your opinion is, to invest in stocks from income that you make working a regular job, which is what I do. I do not any company or business like most Americans. Will look into that.
But, is the money really there? You mentioned Bush, and a terrible economic time. Under Bush, our national Debt was 3 trillion and minimum wage was 5.15, in my state. As of now to my knowledge minimum wage is somewhere around 7.35 maybe ? Id have to look it up, but the national debt is 33 trillion dollars. Do you see a problem? Capitalism is out of control and I dont see where a middle class will be made possible if things keep going, just rich and poor. Debt is never the answer in my opinion. The us dollar is losing more value every day.
Again, incredible to save 20% of your net income. I cannot fathom that, I guess thats why my bank account is shit lol

Cuz, same here, not at all trying to be a smart ass or cause trouble. Thank you for understanding, I was just trying to respond to your initial question.

Yes, I still took $ out of my salary and invested it. It got a lot easier after 20-30 years of seeing that the process really works. That said and I will be upfront, because it helps enormously, my wife remained as a physical therapist, (but sacrificed salary to work with a group that has excellent health insurance and healthcare & a great pension). She too always was focused on the future and retirement. We knew that our professions are pretty rough as you get into your 60’s so we had to plan.

To go along with the OP and his comments, we always remained over insured just in case of a disaster that can financially ruin us. Health insurance above all else. I couldn’t agree with his stance any more.

My reference to Bush (see the pic) was that goofy things effecting the economy can happen to any President. I wasn’t trying to pull politics into it. Shit happens, wars break out; shit this new business with the Suez Canal really f’s stuff up.

I just hope that the economy will continue to bounce back because it seems to be moving in a better direction despite the world slipping into chaos.

Thank you for the compliment, but if I didn’t save my wife would kick my ass, so there was added motivation there.