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The Middle Class, What is It?

Discussion in 'The OT' started by Rich, Oct 12, 2012.

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  1. Rich

    Rich DBSTalk Club DBSTalk Club

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    Nope, couple mortgages, stacked credit cards, stressed out, four cars and a boat, making payments on each of them. Unbelievable. They just make it from month to month.

    Rich
     
  2. Rich

    Rich DBSTalk Club DBSTalk Club

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    Makes going to the mailbox kinda senseless, doesn't it... :lol:

    It is a good thing to do, also a hard thing to do, but a necessity if you're retiring. Who gave you that advice about not paying off the mortgage? I see so many people going to "financial planners" and getting advice that bothers me.

    Rich
     
  3. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    Ya still hafta clean out the junk so's you have room for more junk!

    Especially, avoid C/FPs who offer "free" advice. With interest on deposits currently running 1% or less, it makes sense to pay off debt carrying a higher interest rate.
     
  4. Rich

    Rich DBSTalk Club DBSTalk Club

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    Amazing how that crap builds up, isn't it?

    Couple of the dopier folks I know are financial planners. They do seem to have some deals with banks to lower rates in some instances. Or it's a scam, I dunno. Seems pretty simple to me, don't spend more than you can afford and use an Amex card...

    Rich
     
  5. atlrep

    atlrep New Member

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    I make 25 k a year, and have not a govenrment hand out one nor do i expect one. I do pay into the system so to imply that I live off of government handouts or the intelect or work of others is flat out disrespectful.
     
  6. 4HiMarks

    4HiMarks Hall Of Fame

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    Nobody said you did. If you are on this forum, you can afford a computer or smart phone with internet access, so that makes you middle class (at least). $25k is well within the range stated for certain sections of the country, especially if you are single.
     
  7. Rich

    Rich DBSTalk Club DBSTalk Club

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    Again, it's kinda regional, if you lived in NYC, you'd be receiving some kind of assistance. But, you'd probably be making a lot more money.

    Rich
     
  8. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    The thread left definition and went political (such posts removed) so we're done.

    Thanks for all with your insights into "what is middle class".
     
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