Message to rich people, here is what even you don't get

[AlpineTrout]

Quotes from SandyBestDog:

"You are right about one thing. Poor people are poor because they keep doing the same thing, like getting a job........They should instead figure out a why to screw the rich at their own game so that they can again receive an honest days pay for an honest days work."

"I actually still live with my parents. They have never been in a hurry to kick me out and I have never been in a hurry to start paying rent."

"Many baby boomers have what they have today, not because they are smarter or more hard working than the youth of today, but because really, they got lucky."

"Then when they get out of college, they are surprised to find that you actually have to compete for jobs now."

"Oh and by the way, a few months ago, I started a forex micro account with $25. I don’t know how I did it considering I pretty much used the same losing methods that haven’t worked in the past....."

"Look, I don’t want a job, I don’t want a career. I am not that type of person."

"So here’s what I want to do next. I figure the best way to screw the rich and make a bunch of money, is to go take it from them."

"So I bought a battery, wind turbine, and solar panel. The problem is, I have no idea what I’m doing."


Good luck guy. You might want to be nice to Mama, because with your attitude, you're going to be living in her house a long time.

 

[volente_00]

Quote from Sandybestdog:

Look I know you’re not going to understand this, and frankly I don’t care. Do you really think that I sit on my butt all day and deliver pizza and think I’m going to get rich? Please point to one of my posts that says I deserve a nice life doing that. I have been trading since I was 17 and have lost probably around 25k doing that. I started a small vending machine company and probably lost about 10k doing that. Then I started a store in the local mall and lost about 20k doing that. But you see, I don’t have another 20k to throw around to go to college or do whatever. I have to regroup a little. The days of working a simple job and being able to keep your expenses low and save money are gone now. You think I’ve never taken steps to improve my situation? That’s all I’ve been doing for the past 7 years.

I've never seen someone make so many excuses. If you make as little as you claim,because of your age you are no longer a dependent, YOU WILL QUALIFY for student loans to cover your tuition while you live at home and may even be able to get a pell grant. You are still young but if you don't break this pattern of self sabotage you will be stuck in this situation for life. If you spend less time on ET arguing and more time on fixing your situation you will get there a lot sooner. I continue to pray for you daily Stefan, please do me a favor and go spend a few dollars on this book and thank me later.


http://www.target.com/gp/detail.htm...hoosspplp_bmvd&CPNG=bookmarked&lnm=0440501601|Do_What_You_Love,_The_Money_Will_Follow:_Discovering_Your_Right_Livelihood_:_Books&ref=tgt_adv_XSNG1060

 

[Sandybestdog]

Quote from Mr.Consistent: For him it is far more easier to call me an "idiot" rather than considering that he is actually the biggest "factor" and "variable" in his life.

You said:

Quote from Mr.Consistent: You blew your money in trading, you blew your money on failed business and now you're stuck because you didn't plan for your future.

To which I responded:

Quote from Sandybestdog: What the hell do you think I was doing trying to trade and start a business? Planning for my damn future you idiot. Not everything works out.

Why else would I try trading and start a business? How else would you like me to plan for my future? Sit around and hope someone is going to give me a job? If you want me to do that, I would say that makes you an idiot. Starting a business is taking things into my own hands and planning my own future.

 

[Sandybestdog]

Quote from peilthetraveler:

There is actually a secret to running a successful vending machine company and thats "never buy new machines!" There is so much marketing to sucker people into buying 5,000 dollar machines its sickening. The trick is that you buy placed machines for no more than 30% of their yearly gross. And you find these people by placing an "i buy vending machines" ad in the newspaper. So if someone is selling 50 bucks per week in candy, you buy their machine for 750 dollars max. (and never buy the gumball machines...you only make like 100 bucks a year with those if you are lucky) The people selling complain because they paid so much for them, but people will sell for cheap if they are sick of the business not making them as much as they thought. Also you should never buy non-placed machines for more than 200 dollars (Im talking about the big soda machines and candy machines) And also you gotta be a good salesman because you should never pay to have your machines placed.

I did a lot of research into that because i was planning to do a vending business once. The real money though is in buying the machines, placing them and getting a route together, then selling it to someone that basically just thought vending sounds like an easy way to make money and be your own boss. Thats why you see these people selling 5 machine vending routes for like 15 or 20k when in reality they just paid no more than 2k for all the machines and then they make 13-18k for selling it to other people that didnt do their research.

Thanks for that. I generally paid good prices for the machines I got. They just didn’t make any money. There were some that I bought from a company and paid too much for, but the problem wasn’t paying too much for them. You’d spend a long time finding a location or hire a locating service, but then you’d put the machine there and it might make $15 a month or something like that. It wasn’t worth it. Plus then it would get abused and you’d have to fix it. The only way to really make a lot is to buy the bigger soda and snack machines and get agreements with company’s to put it in their locations. That takes a little more capital. It’s a nickel and dime business, so you gotta have a lot of volume, which I wasn’t able to get.

 

[forextrades]

Quote from Sandybestdog:

Man who pissed in your Cheerios? Well apparantly employers do care where 75% of 2009 graduates went to college, because that’s how many don’t have a job yet. I wonder if I go to college and become part of that 75%, is TraderAntiChrist over there gonna rip me a new asshole when I can’t pay back the student loans?

Actually, he's right.

Nobody cares where you went to college, especially the first 2 years, unless you want a job on Wall Street or academia. Most community colleges are extremely inexpensive.

It won't pay off now. However, in 5-10 years you may have a job that actually pays a livable wage. It will be a lot easier to save money then.

If you don't do it now, your situation won't change.

 

[forextrades]

Quote from DakotaDohBoy:


As to your comment on migrants taking over all the blue collar jobs. That is a falicy and a complete joke perpetraded by hate mongers. There is truth in that there are a lot of foreigners in construction, particularly Mexicans. There is no (or shockingly little) truth in that US companies would rather hire these individuals. The real truth is that very few Americans are willing to do the type of work these individuals are willing to do. I worked in residential construction and industrial construction. Industrial construction has long hours and much better pay per hour than residential. Take into account the longer hours, there is no comparison as to pay. Find work as a boilermaker or highly skilled welder (ie boilermakers or pipefitters) and you can make a six figure income. Most do not because they only work a few months per year. Get in good with most indistrial contractors (perhaps all) and you will also be able to get health and retirement benefits, ie work with them for a set period of time.

There is a pay differential between union and non union labor but, in my experience, not that much. Some unions are absolutely trash, some are very good. My dad retired from one that is rubbish. I used to belong to one that was quite good.

Not true.

There are plenty of Americans who are willing to work in skilled labor. Nobody wants to hire them.

I work in construction, but I only got the job because I have a bachelors degree in construction management. After high school, I applied for apprenticeship with IBEW, UA, and SMWIA in 3 different cities. I qualified for several interviews, but never got the job depsite scoring near perfect of the aptitude tests. These jobs go to somebody's brother-in-law.

After I had a degree, they almost had to hire me on. If you do land these types of jobs, you better be prepared to put with a lot of bullshit for the first five years. As an apprentice, you're lowlier than shit.

 

[Sandybestdog]

Quote from dcvtss:

Okay this post has me a little confused, at the end you say you can't work a simple job and keep your expenses low, but that is exactly what you had done and had saved 55 thousand dollars. You started a few businesses that failed (trading is a business) - well most businesses fail. Maybe you should consider that being a business owner is not for you and try to find something that you enjoy or at least don't hate that pays reasonably well and be an employee. Maybe get the hell out of Montgomery County, the cost of living of this entire area is distorted by Uncle Sugar's influence.

You keep mentioning health insurance; I think you posted a statement on some other thread that showed a bill well over 200 dollars a month. Unless you have some sort of chronic condition there is no way you need to pay that much a month. You are 25 years old, get a high deductible plan, I've seen plans for $80 a month on ehealthinsurance that include prescription coverage.

Yea I used to deliver pizza and made a lot of money doing that, but it’s no good anymore. There are too many drivers there and too few delivery’s. I used to be able to make $80-100 in tips a night, plus minimum wage. When I left I was making about $20 a night and below minimum wage. Plus gas and car repairs all cost more. Every other aspect of the cost of living has gone up in the past 6 years except car insurance.

I keep mentioning insurance because it exemplifies most areas that have gone up substantially over the past several years. I am going to look into different insurance soon. I have to have some eye surgery coming up. I know the insurance I have will cover that no problem. One thing I don’t understand about these high deductible plans is what you actually pay. When I go to the doctor, they send me the explanation of benefits statement. It says that the doctor charges say $100 for something, but they have agreed to accept $60 for it from insurance. I pay the $30 co-pay and the insurance pays the doctor $30. If I get one of these high deductible plans of say $2000, are they going to charge me the $100? That wouldn’t make much sense then. I just went to the doctor the other day. For 15 minutes worth of tests with a tech and 10 minutes with the doctor, the office charge is $450. I know insurance is only going to pay probably $200, which seems like a reasonable amount.

 

[Cutten]

Quote from Unit001:

before I sign off, something just struck me

Rich people, if you leave some money on the table for the poor, your kids will be safe going to schools, you will be safer walking down the street.

If you rich people only subscribe to greed to no end. You will need bodyguards like in Mexico. Your children will be kidnapped like in Mexico.

you decide you heavenly gods

That's one of the theories behind the welfare state. No top rate taxpayer can ever be accurately described as greedy.

 

[Cutten]

Quote from Sandybestdog:

I send out 100 resumes and call ads, but nobody calls back, except for the Census and the golf course.

The vast majority (90% ish) of jobs aren't even advertised. Sending in CVs in response to ads has the lowest % chance of getting a job out of any job-hunting method.

IMO your first job should be researching and learn how to job-hunt effectively. That's the best paying first job in the world.

 

[Cutten]

Quote from Sandybestdog:

OK I think you nailed my quest in life, to become secretly rich. I never thought of pizza delivery as a way to make money to live on, I used it to make good money to compound it just like you said. Unfortunately, what do you do when none of that works out? I have to cheat on my taxes just to try to make MORE money. I have so many write offs from business losses and trading losses, I don’t know what to do with it. So when you work a job to use the money to invest, but that doesn’t work out, all you’re left with is a job that is paying less and a higher cost of living. So you’re basically screwed.

There’s should be no guarantees when it comes to business and investing endeavors. But if those don’t work out, don’t you think people should be able to at least get a job and if they work, they should at least be able to afford the bare essentials to live on? Call me a Socialist if you want to, but that’s how I feel. So in that respect I think the critisizm by the poor to the rich and the government is justified. Nobody is entitled to riches or a good life, but why are the poor’s cost of living always going higher and higher, meanwhile their wages are continually stagnant or even dropping? You don’t think that’s a result of the government and the rich shafting them?

I have also heard that if all the riches were redistributed, everybody would end up right back where they were. I suppose I would mostly agree with that with a little exception. Many baby boomers have what they have today, not because they are smarter or more hard working than the youth of today, but because really, they got lucky. How can anybody compare who would have all the riches when there are different playing fields? Take a 55 year old engineer or doctor or government worker. Do you really think they would be in the same place in 30 years if they had to do it all over again? All of a sudden they’ll find out they can’t afford to work 3 months in the Summer to pay for their whole years college. They will actually have to graduate with 50k in student loans, not to mention the credit cards they used to cover the rest of their living expenses. Then when they get out of college, they are surprised to find that you actually have to compete for jobs now. Then of course you have to deal with all of the cheap immigrants that the government and corporations bring over here and justify why you should get paid more than them for doing the same thing. Then they realize that homes don’t cost 40k anymore, they are now 350k. I could go on and on. But before anybody believes that the rich would always be rich and the poor poor, they should look at how each of them got there and ask if the roles were reversed if there would be the same outcome.

There’s another thread that talks about the way the poor and rich act. Check it out.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=164939

Look at the former communist countries in Eastern Europe. 20 years ago almost everyone was flat broke after the revolution. Now some are billionaires, some are rich, some comfortable, others get by, whereas others are still flat broke. For anyone 38 or older, they faced exactly the same system and all started broke.

Some people got rich in the Great Depression. The main determinant is yourself, even though environment has an influence.