Why don't Americans save?

Quote from mogar:

I hope your right marketsurfer. I have to say however I have actually met people who have these views face to face. After I stopped living in bars I met a lot fewer of them.

You're right, that these types of people exist and are actually quite prevelent. In fact, there is a pretty large segment of the unemployed and those on public assistance that take the exact same view point.

They complain that there aren't enough jobs, yet we see illegals flocking here to work construction, landscaping, etc. All very difficult work, but you can earn a decent living from them.

The fact is in life, there is some unfairness. That will always be. Whether it's health, intellegence, appearance, etc, people are dealt different hands in life.

You have to make the most of what you have. Just based on the fact that Sandy is posting on ET and debating economics tells me that he/she is probably capable of much more than delivering pizza. Not that delivering pizza is a bad thing even, but if that's what you do, don't complain about it.


Sandy, think about this. If pizza delivery drivers suddenly unionized and demanded $35-45k/yr salaries, and pizza prices were now doubled or tripled, how many pizzas would you sell? I for one, would probably cut it out for the most part and I make a nice living (could still afford it) and I LOVE PIZZA.

If that happened, you would be out of a job within weeks.
 
Quote from forextrades:
If you make so little money, I'm sure you could easily qualify for financial aid if you go to college. Become a nurse or something. In 2-years you'll be making at least 40k.

Delivering/making pizzas was never considered skilled labor.
Well I explained earlier that when I went to the local Community College 6 years ago, I only qualified for a one time scholarship, so I unless anything has changed, I don’t see how I would qualify for anything now. I haven’t talked to my parents about it, but they may be in a little better position to help me than before.

I never said pizza delivery was a skilled labor, I said it has it’s worth. The people who work at the DMV and a lot of other government jobs require little skills and they make ok money. I guess pizza just gave me the flexibility I was looking for.
 
Quote from clacy:

Sanybestdog,

First let me say that I empathize with you to some degree. It can be very difficult and challenging to find whatever it is that you are best suited for in the workplace.

From reading your posts, you seem like a well intentioned guy, but I can assure you that ONLY YOU will be able to fix your situation and figure out how to get ahead in this world.

In my opinion, it sounds like sales isn't your thing (the insurance thing). Don't get down on yourself, as it's not for everyone. I'm in sales and it is extremely difficult and stressful. I've been lucky enough to make a good living through sales, but I hate it at times. With that said, regardless of what you're selling, if you didn't sell any insurance policies in 6 months, your probably not cut out for sales.

As you know delivering pizza, simply won't pay the bills if that's your primary income. That is a fine job for someone who is supplementing their income or a student, etc, but for most adults, that don't want to live in their parents basement their entire life, it won't get you ahead.

I think you clearly need to get enrolled in some sort of educational program to pick up some additional skills. Plumbing, electrical, construction contractors have the ability to earn a lot of money, so you may consider those. In fact, the sky is the limit, for those that possess those skills and have some good business savy. If you can market those skills and you're dependable, you can do very well in those arenas. It sounds however, that marketing isn't your strong suite though, as you seem to have a very hard time marketing yourself well enough to find jobs, other than pizza, etc.

As someone else pointed out, healthcare is another field that is growing (meaning jobs are being created everyday) and there are many positions within healthcare that pay well. Most of the positions that pay well, will require some additional training. I had a buddy that became a respiratory therapist, which paid fairly well and he didn't have to work that hard. Typically I think he worked 3 12-hour shifts/week and was paid full time (benny's etc). There are dozens of techincian jobs in varius areas of hospitals and healthc clinics.

Another option mentioned is the military. They will pay you and you receive training for post-military while your on the job. In fact, you don't even need to go full time with the mililtary as they need reservists as well.

Restaurant management is another option. Why don't you work your way up the chain? Please don't give any excuses, as I've seen if for my own eyes, that you can become a millionare, simply by working your ass off in the restaurant industry. My dad, was out of work after he quit his job in law enforcement due to a conflict with his superior. He had a family, bills to pay, no college degree, or any other training. But, he didn't sit around and complain, ask for handouts, etc. Instead, he started out as an assistant for a burger chain. Not exactly an impressive job is it? But he worked his ass off, and moved up very quickly, eventually managing 70 restaurants for a major chain. He started 20-some years ago and now he owns his own multi-million dollar restaurant and is in negotiations to buy a second. By the way, you don't have to be "wall street" talented to do that, but you do have to work hard. When I say work hard, as you probably know, to make it in that business, 70-80hr work weeks are the norm.

The point that I'm making (and others have made) is there is an almost unending list of ways for you to be successful, financially in the US. This truly is the "land of opportunity".

It's your job though, to go out and figure it out and do it. The goverment cannot and will not help you, regardless of what they promise, or how badly you pretend that the US could become a communist/socialist utopia.

Best of luck.
Thanks for the advice. First off pizza used to pay the bills, and a whole lot more. It is not what it used to be. I think a lot of attention has been placed in this thread on the simple fact that simply because I deliver pizza, and since that requires no skill, then my current situation is inevitably what I deserve. I think that it is my fault that I have not advanced my career in the ways that you guys mention, but so far only one person has answered why wages keep going down and down and the cost of living keeps going up and up. Did anybody read the article I posted? I am not the only one struggling. Although, you can jump on the first person who has a $300 car payment all you want, but the others seemed to be in similar situations as me.

5 years ago I was in a similar situation and a friend told me I could make good money deliverying pizza, just like what you guys are telling me to do in other fields. So reluctantly I took his advice and pizza has paid for tens of thousands of dollars in investments. Those obviously didn’t work out. But everybody in the fields you guys mentioned are probably dealing with the same issues I am. Stagnant or decreasing pay and higher cost of living. Inevitably you will probably tell them the same things, that they need to obtain more skills and training. Then the same process will start over again and we will never answer or fix the fundamental problems that I have outlined.

I see a lot of employment ads for medical techs and billing schools and training programs. It seems like there are so many that they seem like scams. Does anybody have any experience with these places? I have heard medical billing is a good field.

Like I said before, I am interested in programming. I’m taking a class and we’ll see if that leads to something

Well you can become a store manager where I’m at, but there is not advancement beyond that. If you want to become what your father has, you will need to either work with the corporate stores, or start your own restaurant or franchise. That’s easy to do if you have the money or financing. Yes it requires 70-80 hour weeks, which I have done plenty of times. I think you guys think I’ve worked 20 hours a week for 5 years and think everything is owed to me. You couldn’t be more wrong. It would take me all day to tell you about all the things I’ve worked so long for. Just because I’m broke right now and haven’t made it, doesn’t mean I’m lazy. I will keep trying until something works. Also I have never suggested that the government owes me any help. They are the last people I would ever go to. The government doesn’t fix problems, they cause them.
 
Quote from clacy:
After reading the entire thread, I have to admit Sandy, that you sound extremely negative and depressed. I don't want to kick you when you're down, but you need a more positive, can-do attitude. I know that sounds a little corny (it does to me too), but good God, every piece of advice that other posters gave, you responded with an excuse or reason why you couldn't do it.

I think before anything changes for you, you are going to have to figure out a way to reverse that menatility. If you go through life with a "pitty party" attitude, and keep coming up with reasons why you can't get ahead, YOU WON'T GET AHEAD.

I really do hope that you take these past two post constructively, as I am not trying to be a dick. I just think that I've seen too many of my friends and others in your age range that have become successful, to believe that you cannot make it in this country.

It's all out there for you, but you'll never get any of it, with your current attitude.

That's the big take away, in my opinion, is that you must change your mentality, before anything happens positively.
Thank you. Yes I am down and out right now. I used to be very positive and had a great outlook on life. You should of seen me a few years ago when the insurance company I was with signed on to sell mortgages as well. I didn’t know what to do, so I just picked up the phonebook, started on the A’s, and started calling people and asked them if they needed a mortgage. I even got a few applications doing that. That takes guts to do that. But it’s really hard to stay positive when time and time again I put my all into something and then see it fail miserably and I can’t understand why. I know very few young people like me that have ever tried half the things I have. So it’s also difficult when there is no one else to relate to. Thanks for the advice. I am stopping my trading until I can get an automated system, so I'm going to use the time in the morning to get out there and see what I can find. It’s a New Year and the holidays are over, so we’ll see what is out there now.
 
Quote from trendlover:

Sandy, here is what I see. You are angry that you can not have enough money with pizza delivery. You make good points that to work hard does not always mean you will make alot of money. So you stay angry because of that, and you dream of ways to change that (like your system for a business where the hard work will be rewarded) Ok, now your energy is going to how get revenge. So if you could make a system of business like you want, and get revenge, what do you need first? (MONEY)
So you know now that pizza is not making money for you, so you have to first think of a way to make money, then the money can go to the revenge business that you dream about. But first you have to make money.
It is like this. Pretend you own a house that worth $2.00. Then all around the house they build business, and that house in the future is not worth what you paid for it. You are angry. Someone comes to you and offer to you $2.00 for your house so they can have the land to build more business. If you take the offer, you will have no loss, and move. If you do not take the offer, then you stay in the house, and in the future the house will be worth less because now, no one wants to buy your house because it is surrounded by business. Even the business people do not want your house anymore because you said no in the past, so they make other plans. So because of your anger of unfair that business build all around you, and you focus on the unfair part and become angry and frustrated, you would not sell your house and go to something better. So yes it is unfair sometimes, but unfair things make you find a better place. But only if you stop being angry.
You make a very good analogy. I don’t think I’m angry per se. I think there may be some truth to the revenge part. But it’s not so much about revenge, but I believe these franchise owners have become so wrapped up in their greed that I believe that it will soon become their weakest point. My goal is to exploit it for all I can get for me and others who want to come along for the ride. I think my frustration comes about when I keep trying and can’t seem to make any progress.
 
Quote from marketsurfer:

I have come to the obvious conclusion that 'sandydog' is a rouse.

a created entity with "issues" to stir up the elite crew for kicks or for more neofarious goals such as developing fodder for an article. book or project.

seriously, she can't be for real!


surf:D

You are seriously messed up if you think I made this whole thing up to get a reaction. I am real. My name is Stefan. I live in Maryland. Sandy is my dog, hence Sandybestdog
 
Quote from mogar:
I hope your right marketsurfer. I have to say however I have actually met people who have these views face to face. After I stopped living in bars I met a lot fewer of them.
Quote from mogar:
When I was a teenager back in the late 60 early 70’s a welder at any old shop could own and pay for a house, have a wife and kids and he could make it. Also I was earning about 6 to 7% on a savings account.

Today you need two good paychecks to make it. Savings accounts pay less then 1% today. It is no surprise to me that people don’t save because it’s a suckers bet today. You don’t get paid any thing if you do it. You are probably better off just sticking it in a safe somewhere then putting it in a savings instrument; at least you will get your money back. The inflation figures reported by the government don’t even pass the laugh test. They only apply to you if you live in an abandoned auto in a Kmart parking lot and you are on food stamps.

So if you save it and can manage to make say 3% real inflation will eat more then that and to add insult to injury the IRS will tax you on it.

Is it really any surprise that we don’t save when the entire system is geared to push people to burrow? The purchasing power of the currency is always going down. The rates paid to savers have all but vanished. I have savings but I view any dollars I have as a wasting asset and I am always on the lookout for hard assets to convert my savings out of the little green coupons.
You pretty much made the same points I’ve been making. Why the sudden change in heart?
 
Quote from clacy:
Sanybestdog,

First let me say that I empathize with you to some degree. It can be very difficult and challenging to find whatever it is that you are best suited for in the workplace.

From reading your posts, you seem like a well intentioned guy, but I can assure you that ONLY YOU will be able to fix your situation and figure out how to get ahead in this world.
…………….
As you know delivering pizza, simply won't pay the bills if that's your primary income. That is a fine job for someone who is supplementing their income or a student, etc, but for most adults, that don't want to live in their parents basement their entire life, it won't get you ahead.
…………………
When I say work hard, as you probably know, to make it in that business, 70-80hr work weeks are the norm.
…….
Best of luck.
Quote from clacy:
You're right, that these types of people exist and are actually quite prevelent. In fact, there is a pretty large segment of the unemployed and those on public assistance that take the exact same view point.

They complain that there aren't enough jobs, yet we see illegals flocking here to work construction, landscaping, etc. All very difficult work, but you can earn a decent living from them.

The fact is in life, there is some unfairness. That will always be. Whether it's health, intellegence, appearance, etc, people are dealt different hands in life.

You have to make the most of what you have. Just based on the fact that Sandy is posting on ET and debating economics tells me that he/she is probably capable of much more than delivering pizza. Not that delivering pizza is a bad thing even, but if that's what you do, don't complain about it.

Sandy, think about this. If pizza delivery drivers suddenly unionized and demanded $35-45k/yr salaries, and pizza prices were now doubled or tripled, how many pizzas would you sell? I for one, would probably cut it out for the most part and I make a nice living (could still afford it) and I LOVE PIZZA.

If that happened, you would be out of a job within weeks.
Your attitude sure changed quick. I am neither on public assistance nor unemployed.

You obviously didn’t give much thought to your statement that if pizza drivers made 45k a year the pizza would triple in price. You want to take another shot at that? I already answered this in another thread. Here is the link. It’s just my opinion.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2168931#post2168931

And I believe this dismisses your assessment that higher wages would lead to higher prices, which would lead to unemployment.

http://en.wikipedia.org/wiki/Minimum_wage#Card_and_Krueger
 
Quote from Sandybestdog:



Well you can become a store manager where I’m at, but there is not advancement beyond that. If you want to become what your father has, you will need to either work with the corporate stores, or start your own restaurant or franchise. That’s easy to do if you have the money or financing.

This is the attitude problem that is keeping you from moving up. My father didn't have any money at your age. The point is that sometimes you have to pay your dues. He kept plugging away, though and was lucky enough to save enough cash for the money that he needed down to get financing, in his mid 50's.

And yes, to move up, you'll probably need to go the corporate route. That is what a lot of people do and despite all the negativity of the "corporate world", it certainly has helped many people move up in life.

I work in a corporate environment, and despite the fact that I get frustrated with it quite frequently, I also know that it has given me a very good living.

I won't respond any longer to this thread, because some people are just born to complain and be miserable. I hope that you can reverse that mentality in the future.
 
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