It takes money to make money...

Discussion in 'Politics' started by Salty, Aug 9, 2009.

  1. Salty

    Salty
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    In another thread about taxes, billwald said that the poor spend well over 80% of income just to meet day to day expenses, and the rich have no ideal what to do with their extra money.

    Well, the old adage is "it takes money to make money"

    The problem is it also takes a lot of time as well!

    Take a look at this example of saving only $50 a month for many years

    But it is also possible to start small. For example, if your were to attend my safe driving class, you could save 10% on your auto insurance. Suppose you save $100 less the $40 tuition = $60 net savings. For year 2 & 3 you have a net savings of $100 per year! I suggest you invest that $260.
    There are many other examples of of saving and making money.

    What are your money savings tips?
     
  2. windcatcher

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    The people who have it to spend or save without regard to coupons, discounts, etc..... do so as they wish. The rest of us do so to survive because we can't afford the full price in the first place:

    IOW... what some people call 'you save' only means 'if you will spend'. Fl has a law.... that your vehicle registration gets suspended (tags) and so does your driver's license.... if you have no insurance. Guess what..... law or not.... some manage to drive (for a while anyway) without insurance, tags or license. Some get caught.... and I read their names in the paper.:tongue3:

    Let me tell you about some examples such as yours.... It can work in some cases... but not in others.

    Here, let's say I can attend a 'safe driving class' for $50. It also requires my time.... and the testing out is no problem because teachers now adays make sure everyone passes. I take the 'certificate to my insurance company. Sure enough... like the gentlleman says.... I get a 'discount' for the safety class. But I'm already a safe driver with no accidents.... and no tickets for 5+ years, so the safety discount I already get is only reduced by a dollar or two per premium period.... every 6 months. In addition, the insurance company 'expires' my safe driving certification in three years so I have to take it again to renew the 'insurance discount'. Even if they discount me $5 per premium period... $5 x 2premiums a year x 3 years (remember the 'discount' falls off)= $30 insurance premium saved for which I had to pay $50 and attend a class.

    Now, where this does save is ..... I got a ticket. The points are so many that my license is an optional suspension..... which I don't want to risk. DMV tells me pay you $50 and attend your class and report class completion to the DMV and so many points wont be added to my record. My insurance company reviews my record and notes that the violation resulted in my taking a safety class, so they choose not to hike my premiums because of the ticket. Had I been spared the suspension of driver's license... still my insurance premium might have risen $15-20 or more per premium for the traffic offense on record without the additional safety class... and the added risk would not expire until some points 'dropped' from my driving record....usually about 3-5 years. NOW YOUR CLASS WILL SAVE ME MONEY......but only as an adjustment to a penalty I could and should have avoided with more careful and alert attention to regulations.
     
  3. billwald

    billwald
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    I have read that the big stores claim there is less coupon redemption in the poor neighborhoods and more in the upper middle class areas.

    When a working class old person dies his kids are fortunate if he leaves a house free and clear and his estate is large enough to pay for the funeral. A real rich person leaves billions and his estate gets the majority of it. This is one reason the real rich keep getting richer and the gap between the rich and the poor is increasing geometrically.

    The US is still the best place in the world for the working people and there is still no economic reason for any adult to be poor. There may be health reasons or whatever. Half the people who win a lottery file for bankruptcy within 5 years. There is no excuse for that!
     
  4. windcatcher

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    With plenty and several good reasons. The poor can seldom afford subscriptions to papers carrying coupons. The 'free' coupons which come in the trash mail are often on targeted products with lots of advertising and big markups. Often times store or generic brands are cheaper and as tasty even after the coupon price. Stores which double coupons often do it on certain days or times of the month.... and the poor don't always have the flexibility of time, or travel expense, or good location.
     
  5. windcatcher

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    Maybe they kept gambling and forgot to pay their taxes? Maybe?
     
  6. Salty

    Salty
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    Again, by shopping selectively, you will be able to save the price of paper and a whole lot more, but it takes work - opps thats a dirty word isnt it
     
  7. windcatcher

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    Maybe 'work' is a dirty word to you? Or is it 'poor' which is a dirty word to you?

    I've known many 'poor' people for whom work is not a dirty word..... but some people with an attitude have a way of makeing 'poor' a dirty word....




    and no matter how hard the poor work.....


    and there are some 'poor' who work very hard.........

    It makes it harder for the poor to be recognized for their hard work... because they are scrutinized more carefully, disbelieved, held in contempt by some with attitudes.... and have their own hurdles to overcome.


    and there are some 'poor' who are physically unable to work..... where your words are among the highest condemnation and judgement which add to their oppression and depression.....when they would do anything to be as able as you. I suggest you stay away from all poor people. They don't need your attitude.

    The ones who are working hard to become more.... need the kind of encouragement and faith which you haven't to share. Those who are already beat down and have given up from years of trying to obey all the rules of honesty and crawl out of the hole they found themselves ....... will know your concern is not genuine and don't need your advice either. You cannot help what you don't understand.
     
  8. Salty

    Salty
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    No, poor is not a dirty word to me. The problem is that there are too many people who demand something be given to them, when with some gumption, they could do for themselves.

    You mentioned handicap being unable to work. Unless you are in a comma, there is something that everyone can do. Look at Joni eareckson Tada

    If she is able to do what she does, then very few have an excuse for remaining idle.

    Granted someone like Joni, may need some extra assistance, and I am more than glad to help -

    But each person is responsible for themselves as far as their abilities permit.

    I was at a corner one day, and a "street person" wanted some cash to eat. I told to him to hop in and I would take him to the Rescue Mission for a free meal. His answer "I'm not going to eat that slop" Well I guess he wasn't hungry, and I went on my way. On the other hand, someone else came up to my car at a Burger King asking for money to buy something to eat. I said, I will go in with you and purchase you a burger - he said "okay" and I did. I would have stayed and talked with him, but I was late for my next taxi pickup.

    Yes, many poor may work hard - but they may need to work a little bit harder, and find more efficent ways to overcome their situation.

    I have also worked at C-Stores that accepted food stamps. I got sick and tired of people buying junk food "on MY money".

    As our church gets bigger, and we will get into family assistance. If a family needs food, we will NOT give them the cash, rather, my deacon and his wife will go to the house and find out what the problem is. Does mom know how to properly prepare food. Does dad know how to budget his money and ect. If not, the deacons will provide the proper assistance
    Another words, we will put on a "band aid" to start with, but then will preform "surgery" to help them be self-sufficient.

    Salty
     
  9. windcatcher

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    I save money by sewing on my own buttons... mending the hems on my own skirts/ slacks. Does that count....SLC?

    I save money on speghetti sauce by buying it at the store cheaper than I can make it.... but I can make chilli and tacos cheaper than buying kits.

    BTW..... did you know that using a deep fat fryer, one can make the MEXICAN dipping chips by frying up tortillias after quartering them and separating them and dropping and cooking a few at a time? ........Cheaper buying the stacked mexican bread and frying 'em yourself than buying the bagged chips.

    I think the healthiest and cheapest popcorn is still the old fashioned kind.... cooked in coconut oil shaken on the stove...... but the poor man has to do the clean up...... which in this houshold means washing the dishes by hand.

    Keeping tires inflated to right air pressure saves gas.

    Shutting off and unpluggin all not in use electronics and charging stations saves energy, and may even save their life if the power surges.

    Walking barefoot in the house saves shoes..... is this the kind of money saving idea you want.

    Sorry SLC.... but when I think of 'ways to save money' I think more in terms of how not to spend.... instead of spending some to save more.

    However, no doubt, preventative maintanance on car.... especially oil and filter change goes a long way in preserving the one you have.

    Oh.... and uncle sam can't tax you nor are you charged for the things you can do for yourself instead of having to hire someone to do it for you.

    Unfortunatelly, the gov doesn't always allow people to do certain things for themselves even if they know how.... without a permit or license..... which I think is stupid infringement, revenue gathering, exclusionary and job protective and unconstitutional.
     
  10. alatide

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    Buy groceries at WalMart. Check the price per unit. Many of us including me were taught by our parents to buy the large sizes because it's cheaper. I've found that that's not the case many times. Buy the store brand rather than name brands. Eat out very, very rarely.
     
  11. matt wade

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    Wait a second...I thought Walmart was equal to Satan in the eyes of liberals?
     
  12. alatide

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    I've never heard this one. Why?
     
  13. matt wade

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    Let's see, Walmart represents capitalism at it's finest. Walmart doesn't have unions and does everything they can to keep unions away.



    Joe Biden has actually spoken at anti-Walmart rallys. Saying stupid things like, "I don’t see any indication that they care about the fate of middle-class people."
     
  14. Salty

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    I don't know who "SLC" is, but I will answer anyways.
    You did give some excellent examples of saving money

    Also you gave excellent examples of spending money to save money (ie oil change)

    And I fully agree with you about the govt not allowing you to do things for yourself without a license.
    You might want to check my website for my political platform.

    Salty

    ps how much do you charge for sewing buttons on?
    Actually, you might start a home business with that talent! :thumbs:
     
  15. targus

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    John Kerry made a big deal out of Walmart the last time he ran saying Walmart was disgraceful and symbolic of what's wrong with America.
     

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