Sunday, May 22, 2016

Are you one of the 2/3 of Americans that cant handle a $500 emergency?

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Whenever I see one of these stories about how little Americans have available for an emergency, my blood starts to boil. I understand that poor people making $25,000 per year are forced to live paycheck to paycheck. But when 63% of all Americans can’t handle a $500 emergency, and 46% of  households making over $75,000 can’t handle a $500 emergency, then they are just plain stupid, frivolous, and incapable of distinguishing between wants and needs. Delayed gratification is a trait almost non-existent among Americans today.

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So the majority of Americans can’t handle a $500 expense, but for the last two years there have been 35 million new cars “sold” to blithering idiots on credit or leases. Even though they have no money, they decide it’s a brilliant idea to commit to a 7 year payment of $300 to $500 per month on an asset that declines in value rapidly. Morons abound. These are the same people who must have their Starbucks coffee every day. These math challenged boobs could defer buying a Starbucks coffee every day, save the $3, and accumulate $750 of emergency savings in one year.


There are millions of brain dead Americans who are going to reap a whirlwind of consequences when this shit show implodes. They’ll be wailing and gnashing their teeth when their years of living for today catches up to them. Too fucking bad. The only way to accumulate wealth is to spend less than you make. It’s a lesson they failed to heed, and they will regret it for the rest of their pitiful lives.

Ouch! I really like "The Burning Platform" site and it cuts right to the point. I have written about this type of behavior in my "How to Get Rich" series of articles. Most people cannot control themselves and their spending. They have skewed time preferences and think everything will be the same tomorrow as today. Then when their life goes off the rails they want someone else to fix it or pay for it. 

I have known quite a few so called victims of circumstance in my life. Inevitably it was mostly the persons own choices that led to the state they were in. Sure there are the people who get a terminal cancer in their twenties and die young. That is an exception. Most people get exactly what they deserve in life. If you make good choices and follow the tried and true ways of wealth accumulation you can become safe and secure financially. If you are a person who lives for today and can't put together $500 for an emergency you probably have a whole lot of other issues besides being short $500 bucks. 

And guess what no one really cares about you and your problems which is another kick in the nuts for these people. When they start in on me I just tell them I am not interested in hearing about their problems that they caused themselves. They normally go away mad. 

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