John A. Weeks III wrote:
[...]
>> From a financial planning viewpoint, I argue that under the right
>> circumstances, it can be wise to take negative mortgage amortization,
>> reduce a 401k matching contribution, buy a used car on credit, and so
>> on. It really depends on individual circumstances and tolerance for
risk.
>
> I'll agree it is wise if you are selling these things and make big fat
> commissions.
I for one don't sell any of these things, nor have I done any of them in
the last ten years. But I have done each of them once, in a controlled
fa****on, at some point. And in each instance, I'm pretty sure I paid no
commission to anyone.
> and doom you to a retirement where you are living day to day on
> welfare fighting the cats and dogs for scraps from the dumpster.
Coincidentally, I opened my newspaper this morning and read a local
article headlined, "Could dumpster meals be the way of the future?" (I
will post the link if anyone asks).
Guess which Usenet thread immediately sprang to mind? ;-)
"Freegans, as they're called, eat food that they take out of garbage
dumpsters. Yes, you read that right. These people are not homeless, or
unemployed, or even broke. They're well educated citizens trying to make
a statement about our society's wastefulness by harvesting edibles from
the back doors of grocery stores and restaurants."
The connection to financial planning is this: it's not all about the
supply side (making money), it's also about the demand side (how you
spend it).
-Mark Bole
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