Are your ears burning? I went over there to see what's happening over on the old MM (nothing, as usual). This thread was one of the apparent hot topics. If you don't want to click over to give TN page views, here's a summary: OP: What do you guys think of this quote? "When broke people start to make fun of your financial plan, you know you are on the right track" --Dave Ramsey A friend of mine is saving a ton of money each month for a house and another one of his friends spends everything he gets. This guy was telling me how his friend can't understand his financial plan. Then he ended his e-mail with that quote. I understand it. It just seems snobby to me. What do you guys think?
Nestie A: Totally agreed. I'll be laughing all the way to my grave, when the state has to support everyone's broke a$$ in retirement because they don't know how to financially plan for their future. It makes me feel kinda cocky and damn proud to be so savvy in life!
Nestie B, to Nestie A: I agree with this. We are steadily paying off our house; should be done in 8 years. Unlike others, we didn't buy too much house for our financial situation.
Sometimes I feel like I don't inhabit the same galaxy as some people. I read on another board recently that people spend three figures a year on Starbucks and a similar amount on spa and massage. Those are just examples, not meant to indict anyone who likes those things, but that money really adds up.
LOLOL. B couldn't have been referring to this thread, could she?
I'm sad I'm not savvy in life. I spend three figures a year at Starbucks, and I get massages. The state will obviously be supporting my broke "a$$" in retirement.
I was actually considering telling the OP she's welcome to come play over here (because she's the only reasonable person in that thread), but alas--I can't remember my Nest login info.
Lol. Well I do get the Starbucks thing. I'm guilty of it myself but don't all the "experts" recommend kicking the Starbucks habit as the first thing to do in getting your financial house in order? That's probably what made her think of it.
Here's a mindfuck for her: My H works for Starbucks (HQ, it's huge so I'm not super concerned about privacy). Part of his compensation package is stock options and RSUs--so, I spend money at Starbucks, but get money from Starbucks. We get more money when we (and everyone else) spend more money there.
So is it OK for me to spend three figures a year at Starbucks, then? If so, it's still not OK for the rest of you. Unless you want to be destitute.
I don't even like coffee, but I don't want to "inhabit the same galaxy" as these nesties if it means I can't spend a measly three figures on spa treatments. That is like one massage or three pedicures over the course of a year! Hardly overly indulgent.
Here's a mindfuck for her: My H works for Starbucks (HQ, it's huge so I'm not super concerned about privacy). Part of his compensation package is stock options and RSUs--so, I spend money at Starbucks, but get money from Starbucks. We get more money when we (and everyone else) spend more money there.
So is it OK for me to spend three figures a year at Starbucks, then? If so, it's still not OK for the rest of you. Unless you want to be destitute.
That's too much for my non-savvy mind to process, catbus. Gosh.
(But really- I think you should be spending MAX two figures on Starbucks. That's totes reasonable.)
I would argue "yes" on the bold. It's self-evident. Most broke people I know are the ones that have like $100 in their savings and are a quarter-step ahead of their bills. We're far from rich, but I don't even remember which Friday is pay day for me except that I can wear jeans at school. It's irrelevant because we have so much saved.
If you're broke, you by definition have made bad decisions with your money, whether it's in not saving or by career choice. I'm not saying all people with money are necessarily smart, but I haven't made contact with many really smart people who just happen to be "broke."
In fact, I think it sounds downright shitty and I truly hope she never experiences a catastrophic illness, injury, unemployment, etc.
The whole "I'm not broke because I make good decisions" is really off-putting.
I wonder if these people also have $25 annual shoe budgets. The shoe aspect of that thread was far more interesting (and concerning) to me than how much someone spends on coffee.
I went over there the other day and was sorely disappointed, LOL.
I think that quote is stupid b/c, well, Dave Ramsey is not the end-all, be-all of personal finance.
DH and I save enough that having a little fun with our money, or not paying off our house in single-digit years is ok with me. Personally, I am pleased as punch to be leveraging our debt - mortgage - the way we are and not losing out on investing in the market. Using an amortization calculator, we could pay off our mortgage in 10.5 years from our last refinance date (August 2012) if we put all of our retirement contributions to our principal instead, but retirement savings comes first for now.
I would argue "yes" on the bold. It's self-evident. Most broke people I know are the ones that have like $100 in their savings and are a quarter-step ahead of their bills. We're far from rich, but I don't even remember which Friday is pay day for me except that I can wear jeans at school. It's irrelevant because we have so much saved.
If you're broke, you by definition have made bad decisions with your money, whether it's in not saving or by career choice. I'm not saying all people with money are necessarily smart, but I haven't made contact with many really smart people who just happen to be "broke."
In fact, I think it sounds downright shitty and I truly hope she never experiences a catastrophic illness, injury, unemployment, etc.
The whole "I'm not broke because I make good decisions" is really off-putting.
I would argue "yes" on the bold. It's self-evident. Most broke people I know are the ones that have like $100 in their savings and are a quarter-step ahead of their bills. We're far from rich, but I don't even remember which Friday is pay day for me except that I can wear jeans at school. It's irrelevant because we have so much saved.
If you're broke, you by definition have made bad decisions with your money, whether it's in not saving or by career choice. I'm not saying all people with money are necessarily smart, but I haven't made contact with many really smart people who just happen to be "broke."
In fact, I think it sounds downright shitty and I truly hope she never experiences a catastrophic illness, injury, unemployment, etc.
The whole "I'm not broke because I make good decisions" is really off-putting.
Oh yeah, she's a bitch. No way around it.
Reading that made me want to dust off my old TN password and reply. But then I read a few of her other comments and....never mind. I don't believe that is someone with whom I will ever share a common view.