Catherine, we knew people that similar things happened to. In hindsight you always make the right decisions. Not so easy in real life.
Catherine, we knew people that similar things happened to. In hindsight you always make the right decisions. Not so easy in real life.
Unless you lost your job, how did the market cause you be responsible for three Homes? If they were an investment how were you figuring to pay the taxes? It sounds like you were doing fine, paying for college and overseas trips. But then you didn’t have the money to pay taxes and had to sell your 401 k. No emergency fund to tap first?
What wealthy person made you make these choices?
Catherine is not blaming rich people for losing her money. She is talking about what a tough time it was for many people. Also she is just stating facts about how so much of our countries wealth belong to a few. I am not sure why the MIL didn’t pay the taxes to help out since Catherine helped her by co-signing. People make errors in decisions because there is no crystal ball. It gets tiring for people that have had good jobs all their lives and no financial setbacks to pick on people less fortunate. It’s really getting to be a theme on this forum.
Ive made my share of bad financial decisions. I lost quite a bit in the tech bust, but it was my fault, no one else. I’ve also had to move across the country a few times due to job loss and to go where the jobs were.
I understand those just starting out, and that unforsean events can happen. But many also just don’t plan well. Those that chose to live below their means and save can withstand the rainy days.
"Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
www.silententry.wordpress.com
I have known people with plenty of savings and living below their means that got hit by divorce, job losses, disability, huge medical bills with insurance, etc. It can turn even the best plans into a dumpster fire. Between my job helping people with disabilities get back to work and some friends lives life can be very cruel even to people that do everything right. I suggest people feel lucky and grateful versus superior.
LDahl said it in another thread, it is better to be lucky than smart.
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