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One Generation Removed
gesshots
Member Posts: 15,678 ✭✭✭✭
True for too many:
It's being willing. I found out early that most men, regardless of cause or need, aren't willing. They blink an eye or draw a breath before they pull the trigger. I won't. ~ J.B. Books
Comments
I don’t get it.
Grandparents generation / our generation
failed to imbue current generation with a proper education, work ethic and survival skills.
oh, ok.
I'm just struck by how much you look like your dad.
The resemblance is uncanny!
The greatest mistake was trusting government and the media to educate them.
In my grandparents time and even a bit into my parents time, owning a home outright was not a big deal. It surely wasn't a 30 year mortgage commitment where half or more of your income went just for a home payment.
My grandpa lost his 180 acre farm back in 1930 because of a 900 dollar loan he made with a bank for seed potato's. He then moved his family into town and made a private purchase (no bank involved) on a nice home. Working odd jobs with my dad (born in 1914) was able to pay the place off within 3 years. Around 1940 after finding steady work, my granddad bought a 15 acre parcel of wooded land just outside of town. Close enough to walk to from his place in town. He built a small saw mill there and spent his remaining life as a woodsman. He sold off a couple acres to guy starting up a gas distributorship and 6 acres to my father in 1950. Dad built his home and Greenhouse business there, raised a large family, and the rest is my history. A few small short term loans were made here and there from a wealthy local business man but never a bank and never a mortgage.
There has always been a portion of society that can't manage their lives successfully. It may be a little worse today because of affluent parents spoiling the millennial generation but I know a lot of younger people that are doing great. Judy and I are going to a wedding next week for her best friends 30 year old son. He makes more money working in computer tech than I ever did and she graduated from medical school and starts her hospital residency this month.
Rising prices are making it harder and harder for some to stay afloat. My first house cost 45 grand but my mortgage rate was 12%. Now the house would be worth several times that but the mortgage rate is below 4%. If they don't get your money one way they get it another way. With runaway inflation on the horizon, I am afraid those of us on a retirement income will go from looking like your first example to resembling the second one. Bob
Fifty years ago, a car’s service manual showed how to adjust the valves.
Today’s manual tells you not to drink the battery fluid.
Worst part... the 30 yr olds are still living at home.