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Old 08-30-2010, 05:00 PM   #21
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This thread is stranger than the usual run of threads, and that is no small feat.

Maybe the end of summer coming has folks in a funny place?

Ha
At one of my old jobs, we used to explain the more bizarre pronouncements floating down from above as products of the "corner office bong."

Presumably as this site gets more traffic we will attract possums, radishes, and space aliens in addition to the usual collection of cats and dogs.
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Old 08-30-2010, 09:23 PM   #22
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My crystal ball has been out of whack recently, but the last fuzzy image was prolonged financial difficulties wring much of the wretched excess out of people's finances, and LBYM becomes more common, though much more difficult to do enough of it to FIRE. Instead, children/grandchildren of LBYM FIREEs do just enough LBYM to stay solvent long enough get their inheritance - which then makes them FIRE. Their children likewise. Folks unfortunate in their choice of parents cannot save enough to FIRE in the new economy and some of them are able to save enough to push their children into FIRE. Self made fortunes through thrift in saving ordinary salaries takes more than one generation going forward.
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Old 09-01-2010, 08:49 AM   #23
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My crystal ball has been out of whack recently, but the last fuzzy image was prolonged financial difficulties wring much of the wretched excess out of people's finances, and LBYM becomes more common, though much more difficult to do enough of it to FIRE. Instead, children/grandchildren of LBYM FIREEs do just enough LBYM to stay solvent long enough get their inheritance - which then makes them FIRE. Their children likewise. Folks unfortunate in their choice of parents cannot save enough to FIRE in the new economy and some of them are able to save enough to push their children into FIRE. Self made fortunes through thrift in saving ordinary salaries takes more than one generation going forward.
The capable and driven will always find success (whether it be in FIRE, or another endevor), it may just take them a little longer. I don't see this country turning into a post-cold-war Russia (but, I've been wrong before).
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Old 09-01-2010, 09:23 AM   #24
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My "crystal ball" description was only meant as a broad generalization - and not even as a certain prediction at that. Yes, there will always be a few very determined (and a few very lucky) individuals who can do well even in very trying circumstances. What I was trying to describe was a possible outcome for the great middling group who will try somewhat hard but also deal with the usual issues and setbacks. This is the group I consider myself to be part of, and likely my kids as well. I've done well for myself and maybe a possible FIRE, but I think the methods I used (mostly LBYM and muddling through) will likely be much less effective for the next few generations.
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Old 09-01-2010, 04:50 PM   #25
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Well, with the "great reset" in our economy, I fear that something similar will happen. The masses will jump on this bandwagon and it will no longer feel special.
Will you go back to work then since being retired will no longer be cool? Maybe you could get 2 or 3 jobs to be really different.
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Old 09-02-2010, 01:09 AM   #26
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But I quickly lost interest...as soon as the masses embraced him. They were intruders invading our space.
I'm a mass, Clancey. I heard "Cheeseburger" on the car radio in Florida 30 (?) years ago and that started us. We are going to see the show in Portland in Oct with a flock of parrot-heads we converted--friends and family.

Escapism doesn't come cheap these days.
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Old 09-03-2010, 08:36 PM   #27
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Maybe the end of summer coming has folks in a funny place?
"First of the fall and then she goes back
Bye bye bye bye there
Them summer days, those summer days"
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Old 09-04-2010, 09:41 AM   #28
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I actually welcome an era in which FIREing is prevalent. It would mean that more people have ameliorated their wasteful consumption habits, more grandparents are there to co-raise the grandkids, there is more sharing/bartering, there would be a return to reading, and there would be more good old fashioned homegrown "stuff" (food, quilts, clothing, you know, how it USED to be...).

It's a stretch I know, but that's what I think it would be like.

Okay, so I am simply projecting *my* FIRE plans onto the world, lol.
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Old 09-04-2010, 10:07 AM   #29
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I don't believe there has been any great reset. Corporate greed and consumer hedonism are too deeply ingrained our psyche. But it's interesting to ponder what would happen if the the goal of FIRE became really, really popular. I suppose spending would slow somewhat, our saviings rate would rise, and there would be even more discontent at work.
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Old 09-04-2010, 05:56 PM   #30
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Be your own person. Take each experience for what its worth. I still feel the Changes in Latitude mindset when I hit Key West. No need to worry about what others may or may not do. - Still, maintain your assets
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Old 09-04-2010, 06:37 PM   #31
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I still feel the Changes in Latitude mindset when I hit Key West.
Or Atlanta...

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Old 09-04-2010, 09:29 PM   #32
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FIRE may not be available to the masses soon. Hard work, even in a well-paying job,will only get them tired, and heavily taxed, without much money left over, as prices rise and wages remain stagnant, or decline. Instead, they may opt for grifting and scamming to get an early retirement on the taxpayer dime. A snippet of overheard conversation from one of the masses might be : "Gee, I used to be so dispirited and bummed out when I was working all the time, but now that I am getting a huge disability check from the feds for my depression, and cheap health insurance from my state , funded by the tobacco settlement moneys, life is good once again. Thankyou Taxpayers and smokers ! Keep up the good work! Love you"

Beware the tipping point..........
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Old 09-06-2010, 11:52 AM   #33
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FIRE may not be available to the masses soon. Hard work, even in a well-paying job,will only get them tired, and heavily taxed, without much money left over, as prices rise and wages remain stagnant, or decline. Instead, they may opt for grifting and scamming to get an early retirement on the taxpayer dime. A snippet of overheard conversation from one of the masses might be : "Gee, I used to be so dispirited and bummed out when I was working all the time, but now that I am getting a huge disability check from the feds for my depression, and cheap health insurance from my state , funded by the tobacco settlement moneys, life is good once again. Thankyou Taxpayers and smokers ! Keep up the good work! Love you"

Beware the tipping point..........
Though you may have it reversed.
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Old 09-06-2010, 02:16 PM   #34
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"Gee, I used to be so dispirited and bummed out when I was working all the time, but now that I am getting a huge disability check from the feds for my depression, and cheap health insurance from my state..."
You also get Medicare when you're on Social Security Disability. I overheard someone the other day talking about going to "get [their] Disability payments turned back on."
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Old 09-07-2010, 12:06 PM   #35
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I overheard part of a conversation at work a few weeks ago. The new 20-something girl at the front desk was complaining that her health insurance with Welfare was so much better than what she now has with our company. I didn't hang around too much longer, but I got the impression she is a "welfare-to-work" person who couldn't qualify for SSI once she got kicked off welfare. She had no apparent shame when talking about Welfare. I don't know her complete story, of course, and am prejudging her, I admit.
Often the Welfare folks just grift onto a different government program if they use up their 2 years of Welfare. Usually they grift onto SSI of some sort. I hear this from my gf who is a social worker.
Maybe state and feds are finally cracking down on the able-bodied freeby scammers. I hope so.
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Old 09-07-2010, 01:04 PM   #36
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I overheard part of a conversation at work a few weeks ago. The new 20-something girl at the front desk was complaining that her health insurance with Welfare was so much better than what she now has with our company. I didn't hang around too much longer, but I got the impression she is a "welfare-to-work" person who couldn't qualify for SSI once she got kicked off welfare. She had no apparent shame when talking about Welfare. I don't know her complete story, of course, and am prejudging her, I admit.
Often the Welfare folks just grift onto a different government program if they use up their 2 years of Welfare. Usually they grift onto SSI of some sort. I hear this from my gf who is a social worker.
Maybe state and feds are finally cracking down on the able-bodied freeby scammers. I hope so.

I find your post insulting.
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Old 09-07-2010, 01:11 PM   #37
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I find your post insulting.
+1
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Old 09-07-2010, 02:08 PM   #38
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...Often the Welfare folks just grift onto a different government program if they use up their 2 years of Welfare. Usually they grift onto SSI of some sort. I hear this from my gf who is a social worker.
Your GF is in the wrong field.
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Old 09-07-2010, 06:09 PM   #39
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Is that because social workers are supposed to enable this sort of thing?

It is only possible to think that this action is unusual if you have not had much contact with this group of people. Who knows how common or uncommon it is, but it is not rare.

Ha
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Old 09-07-2010, 06:17 PM   #40
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Hello John - please could you kindly explain why your girlfriend - who is a social worker per your own post - feels that way towards "welfare folks" ? Thank you.

Quote:
Originally Posted by John Galt III View Post
I overheard part of a conversation at work a few weeks ago. The new 20-something girl at the front desk was complaining that her health insurance with Welfare was so much better than what she now has with our company. I didn't hang around too much longer, but I got the impression she is a "welfare-to-work" person who couldn't qualify for SSI once she got kicked off welfare. She had no apparent shame when talking about Welfare. I don't know her complete story, of course, and am prejudging her, I admit.
Often the Welfare folks just grift onto a different government program if they use up their 2 years of Welfare. Usually they grift onto SSI of some sort. I hear this from my gf who is a social worker.
Maybe state and feds are finally cracking down on the able-bodied freeby scammers. I hope so.
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