PoliTalker
Diversity Makes Greatness
Capitalism itself has to take some of the blame. Capitalism promotes finding the absolutely most effective marketing tools. Effective marketing causes people to desire and purchase things they don't really need, and in many cases should not have bought.
Capitalism also causes the commercial media to present the most shocking stories available, causing many to believe the world is on the precipice of ending. Some are convinced one thing or another is going to end their lives young, so they go into a depression which causes them to not care about old age planning.
Some are so depressed and hopeless they make their personal finances worse by buying lots of Lotto tickets. Nobody who has no savings should be gambling what little cash they can put their hands on, on something of so little value as Lotto tickets. It is sad watching somebody go into a convenience store and buy a pack of cigarettes, an energy drink, and $20 - $30 worth of Lotto tickets. Talk about throwing money away. And when this is seen, one has to wonder, how often the individual does this. A needless $50 a week habit could amount to a hundred thousand dollars by retirement age, if handled differently.
Our public schools need to do a much better job of teaching people about handling money.
If a 20 year old individual earned a take-home of $500 per week, and managed to save about a quarter of that and live on the rest, that individual could become a millionaire by age 60.
$500 a month savings, invested in the stock market, which has a 40-year record of growing by 6%, would grow to be more than a million dollars after 40 years.
Anything extra the individual earns could be put towards improving lifestyle, but sticking to this savings schedule could make even a minimum wage earner a millionaire.
If more people were more prudent about avoiding impulse-buys and discretionary habit buys, the prices of items would be lower. The effective marketing techniques of modern capitalism artificially increases the demand for products, which causes the price to be higher.
A $500 phone contains less than $5 worth of materials and workmanship. Much of the cost is marketing and mark-up.
We need better education, and more stringent regulation on greedy capitalists who do not believe in win/win philosophy.
Capitalism also causes the commercial media to present the most shocking stories available, causing many to believe the world is on the precipice of ending. Some are convinced one thing or another is going to end their lives young, so they go into a depression which causes them to not care about old age planning.
Some are so depressed and hopeless they make their personal finances worse by buying lots of Lotto tickets. Nobody who has no savings should be gambling what little cash they can put their hands on, on something of so little value as Lotto tickets. It is sad watching somebody go into a convenience store and buy a pack of cigarettes, an energy drink, and $20 - $30 worth of Lotto tickets. Talk about throwing money away. And when this is seen, one has to wonder, how often the individual does this. A needless $50 a week habit could amount to a hundred thousand dollars by retirement age, if handled differently.
Our public schools need to do a much better job of teaching people about handling money.
If a 20 year old individual earned a take-home of $500 per week, and managed to save about a quarter of that and live on the rest, that individual could become a millionaire by age 60.
$500 a month savings, invested in the stock market, which has a 40-year record of growing by 6%, would grow to be more than a million dollars after 40 years.
Anything extra the individual earns could be put towards improving lifestyle, but sticking to this savings schedule could make even a minimum wage earner a millionaire.
If more people were more prudent about avoiding impulse-buys and discretionary habit buys, the prices of items would be lower. The effective marketing techniques of modern capitalism artificially increases the demand for products, which causes the price to be higher.
A $500 phone contains less than $5 worth of materials and workmanship. Much of the cost is marketing and mark-up.
We need better education, and more stringent regulation on greedy capitalists who do not believe in win/win philosophy.