« previous next »
Pages: 1 [2]   Go Down

Author Topic: Chinese Savings VS. American Savings  (Read 3451 times)

The True Adonis

  • Getbig V
  • *****
  • Posts: 50255
  • Fear is proof of a degenerate mind.
Re: Chinese Savings VS. American Savings
« Reply #25 on: July 13, 2016, 01:16:32 PM »
We have zero debt and no liabilities whatsoever.  No children either.  Sure makes things easy.
Logged

TuHolmes

  • Getbig V
  • *****
  • Posts: 5563
  • Darkness is fated to eventually be destroyed...
Re: Chinese Savings VS. American Savings
« Reply #26 on: July 13, 2016, 01:19:02 PM »
Quote from: NelsonMuntz on July 13, 2016, 09:08:23 AM
Chinese also counterfeit everything including money, so their society is built on a house of cards as well.

That's true. They over inflate the value of their currency by huge amounts.
Logged

Howard

  • Competitors
  • Getbig V
  • *****
  • Posts: 15401
Re: Chinese Savings VS. American Savings
« Reply #27 on: July 13, 2016, 02:14:22 PM »
Quote from: Powerlift66 on July 13, 2016, 05:33:05 AM
Glad I've been a cheap (and planning) prick my whole life:

Credit Card Debt
Average household $15,762   
Me = zero

Mortgages   
Average household $168,614   
Me = zero (House paid off)

Auto loans   
Average household $27,141   
Me = zero (5 cars for family) (Used)

Student loans   
Average household $48,172   
Me = zero (2 kids in college paid for by saving / planning, student 401k'S since their birth)

Can you tell I don't like debt of any kind??

I like your outline and have a similar view on debt.
BUT, I've always felt having kids results in some form of debt for 20+ years.
Imagine having that college savings going to YOUR retirement. Ouch!
Logged
Pages: 1 [2]   Go Up
« previous next »