Chinese Stock Market Tumble

rgambs

BS44325 said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

Hard time caring about the stock market? According to you it is at an all-time high and we should congratulate Obama for making it so!

Just because I don't give a shit about it doesn't mean the gains are invalidated or irrelevant.

ldent42

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

I don't suppose you want to hear from the perspective of the adult child of a senior citizen who was abruptly laid off and then injured, amassing $15,000/month in out of pocket medical payments (yes, that's what had to be picked up after Medicare parts A, B, D and the supplemental.) about thoughts on "massive nest eggs" do you?

Medical bills like that are beyond the reach of retirement savings anyways... What are they gonna do? You can't squeeze blood from a turnip!

i really, truly encourage you to look into that further before you get yourself into a big fucking hole one day.

Oooooohhh big scary debts...ahhh I'm shaking' in my boots lol
Y'all take finances too seriously!

yo, you can make fun all you want. I'm trying to help you out. Clearly you've got no idea what it's like to be that situation, and because I'm not a piece of shit, I truly, truly hope you never do.

rgambs

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

I don't suppose you want to hear from the perspective of the adult child of a senior citizen who was abruptly laid off and then injured, amassing $15,000/month in out of pocket medical payments (yes, that's what had to be picked up after Medicare parts A, B, D and the supplemental.) about thoughts on "massive nest eggs" do you?

Medical bills like that are beyond the reach of retirement savings anyways... What are they gonna do? You can't squeeze blood from a turnip!

i really, truly encourage you to look into that further before you get yourself into a big fucking hole one day.

Oooooohhh big scary debts...ahhh I'm shaking' in my boots lol
Y'all take finances too seriously!

yo, you can make fun all you want. I'm trying to help you out. Clearly you've got no idea what it's like to be that situation, and because I'm not a piece of shit, I truly, truly hope you never do.

Yeah, I was joking around... I know exactly what it's like to be more than a hundred thousand dollars in debt... I don't let it bother me at all. They get what I can give and until they bring back debtors prison (that's no joke there) I won't stress about it!

ldent42

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

I don't suppose you want to hear from the perspective of the adult child of a senior citizen who was abruptly laid off and then injured, amassing $15,000/month in out of pocket medical payments (yes, that's what had to be picked up after Medicare parts A, B, D and the supplemental.) about thoughts on "massive nest eggs" do you?

Medical bills like that are beyond the reach of retirement savings anyways... What are they gonna do? You can't squeeze blood from a turnip!

i really, truly encourage you to look into that further before you get yourself into a big fucking hole one day.

Oooooohhh big scary debts...ahhh I'm shaking' in my boots lol
Y'all take finances too seriously!

yo, you can make fun all you want. I'm trying to help you out. Clearly you've got no idea what it's like to be that situation, and because I'm not a piece of shit, I truly, truly hope you never do.

Yeah, I was joking around... I know exactly what it's like to be more than a hundred thousand dollars in debt... I don't let it bother me at all. They get what I can give and until they bring back debtors prison (that's no joke there) I won't stress about it!

and what's going to happen when they end up repo-ing your home? you're just going let all of this financial bullshit fall on your kids cuz you can't be bothered to adult?

I'm sorry I gotta step out of this conversation.

rgambs

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

ldent42 said:

rgambs said:

tempo_n_groove said:

rgambs said:

We only invest in the real world so I have a hard time caring what happens in stock markets. They won't stop the veggies growing and they won't stop the chickens laying. Money is a means to an end, Americans' biggest weakness is that they see money as the end, not the means.

What's your retirement savings look like? Are those chickens still laying golden eggs?

Money is a necessary evil so I'm not sure how you can function without it unless you're off grid which you apparently are not.

I'm curious and also impressed that you don't need money. Please share.

When did I say I don't need money? Money is a means, which means it is needed to accomplish the things that keep a person alive and happy. It is not an end, which means money is not being alive and happy.
We make money to pay for the things we need, and we invest (most of) the surplus in skills and things that will enable us to need less money. Makes a bit more sense to me than investing money in money so you will have more money.

Retirement savings is not as big a concern for us as it is most people. We don't succumb to the external pressures which drive a person to sacrifice time in their youth to bank up for their old age. That's not to say we have zero savings or plans, only that it doesn't weigh on our minds like it does for people like you. We will live simply from now until we die (at old age hopefully, but not everyone is so lucky) and we won't need some massive nest egg to do so.
Brother, cousin, uncle, aunt, nephew, and good friend. I have lost one of each before they reached the age of 35...Not everyone is lucky enough to retire, I'd rather spend my time well and worry about being old when I get there. Simon will feed the chickens for his old man when my bones are rickety crickety, and yes, they will always be laying delicious golden treasures!
There's no time to be void, or save up on life, you gotta spend it all!

I don't suppose you want to hear from the perspective of the adult child of a senior citizen who was abruptly laid off and then injured, amassing $15,000/month in out of pocket medical payments (yes, that's what had to be picked up after Medicare parts A, B, D and the supplemental.) about thoughts on "massive nest eggs" do you?

Medical bills like that are beyond the reach of retirement savings anyways... What are they gonna do? You can't squeeze blood from a turnip!

i really, truly encourage you to look into that further before you get yourself into a big fucking hole one day.

Oooooohhh big scary debts...ahhh I'm shaking' in my boots lol
Y'all take finances too seriously!

yo, you can make fun all you want. I'm trying to help you out. Clearly you've got no idea what it's like to be that situation, and because I'm not a piece of shit, I truly, truly hope you never do.

Yeah, I was joking around... I know exactly what it's like to be more than a hundred thousand dollars in debt... I don't let it bother me at all. They get what I can give and until they bring back debtors prison (that's no joke there) I won't stress about it!

and what's going to happen when they end up repo-ing your home? you're just going let all of this financial bullshit fall on your kids cuz you can't be bothered to adult?

I'm sorry I gotta step out of this conversation.

First of all, this new trend of calling handling responsibilities "adulting" is a stupid teenage fad. I don't "adult", my "bae" doesn't "adult", and we don't get "turnt", "hella crunk", or " lit AF". Nothing about us is "on fleek", and we've never had to say " bye Felicia" to anyone.

On the topic, my home is not going to be repossessed because we don't think investing our life savings in the volatile stock markets is wise, and failing to fret about the specter of debt is also not going to get our house repo-ed. We pay our debt and when you pay the required amount, you don't get harassed. It's not so hard to understand, though I guess mainstream folks have a hard time imagining, that a person can handle responsibilities and make solid plans without becoming a drone who spends their resources today worrying about a hypothetical future.

foodshop65

someones shorting the materials market. oil, gas, mining, getting killed. chapter 7 or 11 will be the buzzwords and the ripple effect will be huge. china is in a reset, too many people to fail there. i think death is the new retirement!