"Its literally impossible to save money when you're poor"

[MarloStanTrill]

Nah I'm referring to places like rent a center etc so the only thing that fits that criteria is the washer and dyer. I'd never lease anything outside of a piece of property. if I can't pay it in full and own it then I'm not interested.

again i dont like leasing a car or apartment but wheb you're poor you dont have credit ir down payment for a home. Same for a car. I could and have buy a cash car off craigslist but the last th8ng a poor person needs is to save for weeks (or months) to get $1000 and buy a lemon online.

again i still have not seen any legit advice in this thread. you are right its better to own thab lease, but you have to ask WHY are people leasing???

 

[Easy-E]

Yes but are you telling me that the 27.4% of blacks in poverty are all like that? That all of them are simply poor because they didn't try hard enough? Using the same stereotypes they use on Fox News. A lot of these posts are ignoring institutionalized racism too bringing up immigrants that are making it



Some of the responses are very oversimplified

I'm sorry, but, most people in this thread so like a$$holes.

It's crazy, because I'm sure this forum doesn't have many middle aged white men.

Even the ppl that have J's and flat screen TVs;

Yo, it's easy to forget the media plays more into our self image than the texture of our hair and our cars. People are bascially told EVERY DAY there's a better life out their--fukk it, the easy path their is to look like a rich person because it's all a lie.

That's litterally some ppl's slice of heaven dealing with the daily bullshyt.

God bless 'em, because I'm there with them--cuz no one understands.

 

[Bless't]

keep saving.

Eventually you will have a downpayment or better. You are also building good traits and showing the ability to sacrifice and show logic in your decisions.
these skills are just as important as saving the money itself.

Exactly.

It's almost the same idea as eating healthy. It's a lifestyle choice. Not just a, "fukk it, might as well save for a few months."

 

[Maschine_Man]

again i dont like leasing a car or apartment but wheb you're poor you dont have credit ir down payment for a home. Same for a car. I could and have buy a cash car off craigslist but the last th8ng a poor person needs is to save for weeks (or months) to get $1000 and buy a lemon online.

again i still have not seen any legit advice in this thread. you are right its better to own thab lease, but you have to ask WHY are people leasing???

ppl lease because they still want to have the nice new shyt without having to pay for it outright.

PPL don't want to accept the fact that they just can't afford thit. I try to tell ppl all the time, that places like RAC and cheque cashing spots don't give a fukk about you and are robbing ppl blind.

How hard is it to open a bank account and not have to pay a percentage just to cash a cheque?

take the bus until you can afford a car.

 

[philmonroe]

Yeah I can't get with that. Black people try hard and put in max effort only to get rejected time and time again. Its easy to say pull yourself up by the bootstraps. You have black kids that are messed over from jump in their youth, because they don't know better. Nobody teaching them about school , finances, the real world, how to survive, and etc. By the time they finally learn they are so messed up and probably deep in the debt that it is hard to pull themselves up. I remember almost getting aerated , because my managers thought that I had embezzled over $1,000 in company money, but that was false. Imagine if I would have a felony. Even a little job paying $7.93 wouldn't hire me. I went online and read stories about people embezzling money from their companies . these were white people. They were offered second jobs and able to my be forward and climb up. Even little retail job so hate hiring black people. I've been to job interviews at stores like Nordstrom, Anne Taylor, Marc Jacobs, and etc yet they refused to hire me even though I am them both knew I was qualified for the job. There were other black people there who did not get hired. They would only have one or two black people out of 30 non black people. Thank goodness I am going into a career field that pays off and let's me earn something. Thank goodness I am learning about investing and protecting myself at a young age.

Some of y'all love using "bootstraps" as some dismissive talk on here and in general. Its the truth though that's what you basically have to do to improve. People need to also stop giving out these long winded rants about this, that, and the third when me specifically are talking about cats like people on here that can "afford" to be on here all the time but say they are being held back by the man or something. That's who I'm like spare me to cause people that's really grinding/struggling aren't going to be on here like that unless they crazy. Majority of people are a result of bad choices not they put in sooooo much work and didn't get anywhere. shyt most people who put in more work than others around have been quite successful in my experience. Have they all became millionaires or some crazy stuff no but they have all achieved some type of higher success in the goal they wanted more than the avg person doing the same thing. I guess I'm saying its a lot of negative to focus on if you choose to but I focus on the positive. I also don't use the same criteria for cats posting on here as I would cats really going through and or not online posting/wasting time instead of going for their goals/dreams.

 

[Will Ross]

No consumers keeps most people from saving.

 

[Responsible Allen Iverson]

If anyone reading this thread is having money troubles, try this web app called YNAB (You Need a Budget). It will transform the way you think about budgeting and saving money.


YNAB. Personal finance software to take total control of your money.

 

[philmonroe]

After reading this thread....you know what....fukk it.

All they have is excuses man.

People come to the States from overseas with $300 to their name, and in ten years, be more successful than the nikkas who were born and raised here. Poverty is a mindset. You wasting time even trying to tell people this. I bet if I could look into everyone's bank account on here, I'd find all types of unnecessary purchases and wasteful spending but but but i'm so broke. No. You're stupid and you lack foresight.

Not just bank accounts but if you actually followed most around you'd see their problem is more about how they spend their free time than other issues way more often than not.

 

[infamousred]

again i dont like leasing a car or apartment but wheb you're poor you dont have credit ir down payment for a home. Same for a car. I could and have buy a cash car off craigslist but the last th8ng a poor person needs is to save for weeks (or months) to get $1000 and buy a lemon online.

again i still have not seen any legit advice in this thread. you are right its better to own thab lease, but you have to ask WHY are people leasing???

I completely understand the housing issue. I even said myself that I would rent but youre going to need to tell me more about yourself before we can keep this going. You just keep telling me that you're poor. Where exactly do you live in relation to where you work? Kids? Do you receive benefits? How often do you go out for entertainment or do you have any vices? I need to know about your personal situation before I can comment any further. With the little you have given me I'd tell you to ditch the washer and dyer payments along with the leased car and find yourself a reliable car through a friend. If its possible to walk then just do that. You're paying way more in interest than what its worth.

 

[infamousred]

Sorry double post

 

[[REDACTED]]

What year was this, and what did she sacrifice, a house?
I need to know the details of this, because something isn't adding up.
Was she honestly paying rent, utilities, food, clothing, transportation/gas, health and insurance fees, while simultaneously avoiding having to pay for random repairs, funerals, chronic medical conditions not covered by insurance, avoiding injury that would cut into her income stream, and no late fees?

Yes growing up we only had necessities

I lived in section 8 housing for 12 years

 

[Lifer11]

thats why all these anti minimum wage dikkheads piss me off

if you give someone 11 dollars an hour instead of 9 dollars, that extra two an hour is going right back into the economy. they arent fukkin sitting on it

They don't even realize they've been manipulated/brainwashed to make the rich man's argument for him. That's what cracks me up but pisses me off at the same time, when poor and middle class people take a stance that favors the wealthy and powerful, but they're too ignorant to realize that's what they're doing.

 

[Swaggatron]

History of Labor from US Labor Statistics. This began with Reagan, and continued with GOP written and diced up bills. Do the research on WHY good paying American jobs have been oursourced sinc Reagans era and beyond. Many sold us out, not just one party - Fascists.

LABOR HISTORY: UNITED STATES OF AMERICA 1945 – 2010 



Remember, a union (The AFL) fought and purged Communism from the labor movements
worldwide.



1950’s The CEO pay was 50 times higher than the average worker.
Corporate profits were slightly over $1 billion dollars.
The Teamsters expelled from AFL union affiliation for corrupt behavior.
UAW helped fund and support the Civil Rights Movement.
Cesar Chavez help form United Farm Workers for migrant farm labor.



1975 Corporate profits rising, slowing at $100 billion, along with workers wage growth.

1980 Average corporate profit rise to $200 billion.
Labor law changes – Right to Work instituted as a way to bust 
unions



1981-85 Air Traffic Controllers go on strike over safety and retirement concerns.
Reagan makes ultimatum. Fired 13, 000 workers.
The average first year raise fell from 7.2% to a negative 1.2 % Salaries
of unionized workers also fell, relative to non-union workers.


1986 NAFTA discussions began



1992 Corporate profits rose to over $300 billion with steady rise along with worker wages.



1994 NAFTA became law, allowing free trade between export and import.

1996 CEO pay is now 350 times higher than the average American worker,
compared to the 50 times higher statistics of 1950.



1997 Corporations began outsourcing American jobs to foreign countries.
Union busting continues, COLA increases as wages fall. 
Trade imbalance began as American exports plummet rapidly.


1998 Corporate profits are almost 600%.


2002-10 Corporate profits skyrocket to $1.4
trillion. CEO pay and bonuses skyrocket to 758% more than the average



In a nutshell this is why we cant save...our jobs are being outsourced to Habib and the system is designed to keep the rich rich and the poor poor...Thank cacs and the GOP...especially Regan and Clinton which is the bolded...and the myth still stands among african americans that OG Bill Clinton did amazing things for us

 

[philmonroe]

@ignorethis
In the OP you have a poor person telling you how they can only afford $10 shoes but you bring up people trying to be fly? Really? The majority of poor people are not trying to be "fly", they can barely afford to put food on their table or pay the bills for necessities.

And I'd be surprised if the majority of people on this board are black let alone really grew up poor with their lack of understanding. Like I said before, you all sound just like those republicans and white people. Just like you are so stuck in your false narratives, so are they. A bunch of self righteous people who refuse to see the truth because they like having someone to feel superior to and have no concern for the humanity of others.

No offense or maybe some but take the cape off. Damn near everybody on this site are talking about people that can log on here, buy J's other stuff, waste time, etc not some cats living on streets type poor. Also using the heartstring technique of y'all sound like whites is a sign IMO that your view isn't based in strength just on trying to guilt cats to your way of seeing things. Nobody thinks their better (well let me speak for myself) its just being realistic off what we see same as you feel your doing. Why don't you feel like you're an enabler allowing people to have any ole excuse to be mediocre? You think you are right that's why and people on the other side feel the same way no need to heartstring it cause you disagree. Again me and probably most others ain't talking about no poor people living on the streets. We are talking about those that are in this thread posting that can actually post why they are "poor" and can't get nowhere yet still can post online, waste time, etc.

 

[Lifer11]

No consumers keeps most people from saving.

That holds true for middle class people with some kind of foundation, but there are countless people out there who literally come from nothing and only purchase the bare necessities and still end up in the red at the end of the week/month/year.

When they're in a position like that how are they supposed to do anything to better themselves, especially if they've made a bad decision like have a kid at a young age? Now I'm not saying anyone owes anything to them, they've made the decisions they've made and have to live with it, but our system/economy is in dire need of an overhaul.

We've been bleeding middle class careers for 2-3 decades now and replacing them with minimum wage and temp jobs. I remember in the mid-late 90s as a young kid seeing all the time about how outsourcing was an issue and would be a much larger issue down the line, and no one paid much attention to it let alone did anything to reverse the trend and now in 2016 those warnings have proven true as we move more and more into a global economy that is killing the American middle class in the process.