Quote from: MF Doom on July 15, 2015, 05:49:28 PM

Quote from: torrentheaven on July 15, 2015, 05:43:13 PM

Quote from: Dr. Pepper on July 15, 2015, 02:11:26 PM

Quote from: MadAlpha on July 14, 2015, 07:19:32 PM

Most people will never be responsible with money. They don't understand it, and certainly don't respect it. That is why wealth flows from the irresponsible many to the responsible few. And that is how it should be.

Not entirely true. The richest 1% in the world are just greedy banksters and swallow up everything for themselves by explotiing the poor and those who lend money from them. Many people live in poverty throughout the world without any hope of changing their life and that's not always their fault.

But if you save money with a proper planning than there situation would not arise to ask money from others. And that is what we are discussing here. No doubt richer are getting richest and poor are getting more poor that is the situation in my country. So saving money requires a great level of discipline.

The problem is no amount of discipline will help you if your housing costs are say over 50% of your income. This is becoming the case for a lot of people.

The same goes for student loans, which are becoming the #1 bill for a lot of 20 somethign graduates. Its a huge holdup for gaining financial freedom when these loans follow you til your 40.

Also, no discipline can help upon job loss. Yes planning can HELP, but if you deplete all savings in the process of finding a new job you are right back at square one.

But if you have a discipline, all the problems about financially you can handled it because you have a discipline that make you a better person and also a great help to your savings.