I'll just put this here.. Dr.Umar Johnson Wealth vs Paychecks

CrimsonTider

CrimsonTider

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msims said:
I'd like to see these facts that he's spewing. I'm only 2 mins in, but I find it hard to believe the AVERAGE white middle class home has $100,000 in wealth more than the AVERAGE black middle class home.

That sounds fishy.

I do get what he's saying.

This is the reason I didn't buy that 335i.

Live WAY below your means, and invest your bread. Have a squirrel fund. If you don't have enough money to live for 5 or so months without working, then you need to save more money.

edit: This nikka dropped the flex bomb! :russ: :laff:​
Click to expand...

How come you didn't buy the car?

Because you didn't have enough money saved as you would like?
 
msims

msims

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CrimsonTider said:
How come you didn't buy the car?

Because you didn't have enough money saved as you would like?
Click to expand...

Nah, I had around 20k to put down on it. The car itself, used, was like 25k. I could have almost got it straight off the lot. I decided to use the money I have saved for my student loan when I graduate, instead.

After that, I'm still gonna focus on my Guns. I'm not buying any butter until I feel wealthy enough.

:takedat:​
 
CrimsonTider

CrimsonTider

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msims said:


I thought you don't own that house until you pay that mortgage off. Debt is debt.

:ld:​
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No, the Debt is a liability the property is an asset


Paying the mortgage decreases the liability, but the Asset can be converted into cash at anytime or it can increase in value at anytime
 
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