Author Topic: more oil found... (Read 3027 times)

Nilsen · « **Reply #105 on:** March 16, 2006, 09:52:28 AM »

Besides.. its not that easy beeing rich either.
When I turned 18 I only got 5 minutes to choose what color the Porche was gonna be. Parents can be so insensitive and pushy. They did not for a second stop to ask me if I wanted a BMW... they were always in a hurry from one board meeting to another and my birthday was no exeption. I ended up eating my birthday cake with the maid... or shal I say off the maid.
I got frosting all over my new shoes so I fired her when she didnt wanna kick them clean.

Morpheus · « **Reply #106 on:** March 16, 2006, 09:54:17 AM »

Ripsnort · « **Reply #107 on:** March 16, 2006, 09:58:38 AM »

Quote

Originally posted by Nilsen
... they were always in a hurry from one board meeting to another and my birthday was no exeption. I ended up eating my birthday cake with the maid... or shal I say off the maid.
I got frosting all over my new shoes so I fired her when she didnt wanna kick them clean.

RAIDER14 · « **Reply #108 on:** March 16, 2006, 10:03:00 AM »

SAVE THE PLANET

no by the time the earth's resources run out everything will probaly be like star trek so its ok

Airscrew · « **Reply #109 on:** March 16, 2006, 10:03:08 AM »

Nilsen. what??

no Lambo?? you had to settle for a Porsche? thats just bad parenting.

Morpheus · « **Reply #110 on:** March 16, 2006, 10:05:21 AM »

dont worry, i had three super hot chilli cheese dogs with onions last night. I can power a boomer sub for the next three weeks.

Dago · « **Reply #111 on:** March 16, 2006, 06:21:29 PM »

Quote

Originally posted by Curval
Well, I guess that is fair, not EVERYONE in the US buys cars on credit. But just as true is that EVERYONE cannot AFFORD to buy a car in the US.

I have a nice pickup truck, and it is paid for. My wife has a nice car. It is paid for. My youngest son living at home still while going to college has two cars. Both paid for.

BTW, my house is also paid for.

Morpheus · « **Reply #112 on:** March 16, 2006, 06:47:39 PM »

I am 25, I have never taken a loan out in my life. Credit cards.... Never used one.. Never had to. Everything I've ever bought was paid for in cash on the spot. My last vehicle I bought, I paid for 3/4'ths in cash the day I picked it up, and am paying off the rest because I have no credit from never borrowing anything from a bank or using any credit cards. So thought it would be wise to start building some credit. I could have paid the dealer cash on the spot for the whole thing. Its a good idea to build some credit IMO. Rather than take money from ma and pa forever.

Am I in debt? No not really, the money's in the bank and its' not going to anything except the car payment for the next year. Its idiots who take a loan out and dont pay it off when they should who run up rates for everyone else.

You got a credit card there curval?

Ripsnort · « **Reply #113 on:** March 16, 2006, 06:54:18 PM »

I run up $3000 of credit each month. This doesn't include house payments or other things I must pay cash for.

But at the end of the month, it goes to $0 balance with not a penny paid in interest. This way, I pay for 2-4 free airfare tickets a year.

Credit cards have great perks for consumers who can control their spending.

Morpheus · « **Reply #114 on:** March 16, 2006, 07:01:54 PM »

I have am thinking about getting a credit card. I get nervous once in a while carrying cash on me all of the time. I get this crap in the mail for 3-5k limit on a card with 0% for 6-12 months... But otoh a little pastic card someone can steal and swipe anywhere he or she feels like is kinda scary too. Id have to do bad things to this person if I found them.

AWMac · « **Reply #115 on:** March 16, 2006, 07:10:17 PM »

and when yer really old and die w/15 maxed credit cards...no mo bills.

beet1e · « **Reply #116 on:** March 16, 2006, 07:10:27 PM »

Quote

Originally posted by Dago
I have a nice pickup truck, and it is paid for. My wife has a nice car. It is paid for. My youngest son living at home still while going to college has two cars. Both paid for.

...and that's "everyone in the USA"? LOL - and just to think, earlier in this thread, I was the one depicted as not being able to comprehend anything beyond my own "little world"!

T-P

Morpheus · « **Reply #117 on:** March 16, 2006, 07:16:07 PM »

and people in your country aren't in debt? you people promote drug use... steroid use is legal... need I say more?

you live in a perfect society though right?

that society never reaches further than the little rock you sit on though.

Rolex · « **Reply #118 on:** March 16, 2006, 08:56:25 PM »

There is nothing wrong with debt, for people or a government, in moderation.

All the anecdotal posting aside, the US has a net negative savings rate. Overall, Americans have been spending more than they earn. An individual or family can only do that for so long, same for a nation. Sooner or later, you're going to have to cut back spending since interest rates may not be so favorable and you've tapped out your savings. When that happens, you'll have a recession.

That is one of the risks with the US economy later this year. Not only are Americans spending more than they earn, the current account balance of the government has been negative (and growing more negative every day), which means you're hoping foreigners continue financing your debt. And you're hoping interest rates and inflation stay low. If they don't, well, let's not talk about it. You should be nice to those foreigners...

The government (you) is about to raise the debt limit to $9 trillion, meaning every man, woman and child in the US owes $30,000.

You are $30,000 in debt already, Morpheus. The question for you, as a young man looking forward to your future, is who got the $30,000 you owe?

Dago · « **Reply #119 on:** March 16, 2006, 09:12:34 PM »

Quote

Originally posted by beet1e
...and that's "everyone in the USA"? LOL - and just to think, earlier in this thread, I was the one depicted as not being able to comprehend anything beyond my own "little world"!

T-P

No, its not everyone, many have a lot more than me.