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

[Art Barr]

00000000000000000000000000000022

People need to start raising their kids rather than letting the world do it



Applied knowledge can be "applied" to any generation. Rich kids get the best education, the best industry connections, the best business start ups, etc. Money makes things more accessible.

When you're born poor you're already at a great disadvantage

ART BARR

 

[YeLovesBoston]

ART BARR

fix the link

 

[MJ Truth]

People need to start raising their kids rather than letting the world do it



Applied knowledge can be "applied" to any generation. Rich kids get the best education, the best industry connections, the best business start ups, etc. Money makes things more accessible.

When you're born poor you're already at a great disadvantage

Well, yeah, but how is somebody with bad money habits and no financial knowledge gonna teach their kids anything about money? You're right though. It's sad how much of a disadvantage you're at when you're born poor in this world, but at least you get an opportunity in this country, I guess, no matter how shytty or how much the odds are stacked against you.

 

[Suleiman Bey]

Well, yeah, but how is somebody with bad money habits and no financial knowledge gonna teach their kids anything about money? You're right though. It's sad how much of a disadvantage you're at when you're born poor in this world, but at least you get an opportunity in this country, I guess, no matter how shytty or how much the odds are stacked against you.

How is a working parent gonna find time to "raise and teach" his/her child. ?

 

[YeLovesBoston]

Well, yeah, but how is somebody with bad money habits and no financial knowledge gonna teach their kids anything about money? You're right though. It's sad how much of a disadvantage you're at when you're born poor in this world, but at least you get an opportunity in this country, I guess, no matter how shytty or how much the odds are stacked against you.

hey man, experience is essential. Once you've made the mistakes, make sure you made those mistakes so your kids won't have to go through it. I agree it's not much, but any piece of knowledge can be stretched for a mile.

 

[YeLovesBoston]

How is a working parent gonna find time to "raise and teach" his/her child. ?

Working parent

Key word "parent"

Are we gonna make excuses at every turn? Find time

 

[Suleiman Bey]

Working parent

Key word "parent"

Are we gonna make excuses at every turn? Find time

Parent/Parents what differences does it make. Where will they find time? When they slaving away at work trying to make ends meet? And lets say they do teach them things, who is to say the kids will apply them? That's not saying they shouldn't even try but it's not the simple solution you're trying to make it out to be.

 

[YeLovesBoston]

Parent/Parents what differences does it make. Where will they find time? When they slaving away at work trying to make ends meet? And lets say they do teach them things, who is to say the kids will apply them? That's not saying they shouldn't even try but it's not the simple solution you're trying to make it out to be.

it's not about simple, it's about making it happen

 

[Taadow]

Go watch Claudine and see how she had to hide.
Her kids over and approaching 18, James earl Jones, and the toaster from the project welfare committee and reps.

Educate these niccas, mayne!!

 

[Calmye]

elaborate? I have close to a band in my savings right now not including my tax return.

A Roth IRA is a retirement account that doesn't tax you on the interest it earns and after 59 everything you withdraw is tax free. You can withdraw sooner but you'll be penalized. Look into it.

If you don't like that look into P2P lending.

 

[filial_piety]

I disagree....but I don't know how it is outside of NYC.

Over here though, the city basically subsidizes everything for the poor. All of the basic minimal essentials are guaranteed.
I was a case worker for the city, and I saw far more frivolous spending percentage of the income wise with the poor in comparison to everyone else, even with the city covering most of their other expenses.

SO I respectfully disagree.

 

[filial_piety]

How is a working parent gonna find time to "raise and teach" his/her child. ?

Well...since they found time to "make" those children, one would logically conclude that they would have time to "teach and raise" them. Or is that an insane idea?

 

[ignorethis]

Poor people gonna make excuses and justify why they're poor, that's why they stay poor.

Tell that to the immigrants that come here dirt poor and make it out of poverty within 10 years, they aren't extreme outliers, they're pretty common.

Then again those immigrants usually have an intact family structure which is a big part of prospering in western society.

 

[The Devil's Advocate]

The culmative nature of it forces the person to anticipate and plan ahead.

By the later weeks, you are setting money asside ahead of time in order to meet the requirements. Its mostly a discipline excercize, as poor people almost universally lack discipline and self control. This is why they spend resources on cable, drugs, etc and complain they cant save.

Y'all are literally spitting all of the same from the OP


What the person was saying. Was IF she had damn money, she'd gladly follow all of this advice

What people who have money seem to always forget, is true poor people.... Not people who claim poor with iPhones. But people with 10 people in a two bedroom....... Don't have the money to implement these plans in the first place



I find it comical that the post says all this and yet, every ones post in here, is to give the exact same advice that was just told to not matter

 

[GoGetMyDamnBelt_]

A Roth IRA is a retirement account that doesn't tax you on the interest it earns and after 59 everything you withdraw is tax free. You can withdraw sooner but you'll be penalized. Look into it.

If you don't like that look into P2P lending.

What's that?