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Author Topic: Never go broke for anyone  (Read 257 times)

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Offline Believe_N_Me

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Never go broke for anyone
« on: August 07, 2024, 12:53:25 PM »
In recent months I've had the opportunity to visit many seniors. I noticed that the quality of one's life in old age is heavily dependent on how they planned for retirement while young and able. You have no one to blame but yourself if you squandered away your youth. It really made me realize that I must really plan while I am still able-bodied. Who knows what my health condition will be like in the next 5-10 years? I don't want to be like the people who make excuses. "I didn't think I'd injure my back, my hands, my legs, etc."

Exactly! Because I don't know, that means it's even more detrimental that I plan today in order to have a quality of life tomorrow. I'm not trying to live in the hood as a senior citizen.

Some of these people aren't even all that old. They're in their early 50s to mid 50s and yet, they're hoping they qualify for disability because they literally have nothing much saved up. They're on a wait-list at government-backed housing for seniors 55+.

I've been prepping for this pretty much since I started working years ago but didn't think much of it until I came upon these people.

OLD AGE IS A REALITY!

I don't think I can give up my current lifestyle to go live in the hood. And that is the other thing. I bought a house in a nice, safe, and affluent area with the top school district. But of course, that means that property taxes is sure to increase in the future. My real concern is not being able to afford that payment despite having no mortgage payment. On the other hand, friends and relatives who bought homes in middle income neighborhoods are starting to see that their sub divisions are going down fast. So even though they have significantly less property taxes, it's unlikely that they will want to reside there in their old age. I've seen that, too. A long time ago I rented a house in the hood. Rent was very cheap. I noticed that the block only had one old white guy who probably bought his house 50 years ago. He stayed because it was his home but boy, that neighborhood was horrible. And it's not just the crime. It's the fact that these ghetto areas are food deserts. That is not a good thing for the elderly who often don't drive after a certain age. 

With a lot of Hmong people, they are counting on their children. They're also having to cut back on expenses. Some of them are stuck living in less desirable neighborhoods and areas. Those who do well are those who saved, invested, and planned.

Having said all of this, my point is that homelessness, poverty, and going broke hits especially hard if you're with the wrong person. NEVER EVER LET YOUR SPOUSE STEAL FROM YOUR FUTURE. It is not worth being in a marriage with someone who doesn't plan and put effort into securing a comfortable future for the both of you.

Cut them loose, lest you find yourself living under the bridge, begging for financial help from family, or burdening your children, ALL BECAUSE YOU ALLOWED THIS PERSON TO STEAL YOUR FUTURE.



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Offline Believe_N_Me

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Re: Never go broke for anyone
« Reply #1 on: August 07, 2024, 01:01:26 PM »
There are many Hmong wives who stayed loyal to their husband despite the fact that he sabotaged any hopes of a comfortable retirement. In the end, the husband still left her for a mos ab from Laos. These Hmong wives find themselves broke.

Nowadays, the Hmong wives are getting a lot smarter. They stay in the marriage for the status but they make sure all the assets are in their name.

It's not that Hmong wives aren't upset livid about their husband's extra-marital affairs. They simply don't think it's wise to start over again. They know all the men out there in their age group and dating pool are bums, too. So they keep the husband around to help with chores and so the kids/grandkids have intact parents/grandparents. But everything is in their name and if he takes a new woman, she doesn't get any of the valuable assets. If you let him go then he is entitled to half of everything, which he will for sure give to the new woman.


« Last Edit: August 07, 2024, 01:04:49 PM by Believe_N_Me »

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Offline hmgROCK

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Re: Never go broke for anyone
« Reply #2 on: August 07, 2024, 02:10:04 PM »
if your house is paid off
and you have no mortgage

you know you don’t have to live there forever
sell it and downsize
move to a low cost area

 ;D ;D ;D

still got backup government sponsored social security
that you have been paying into as a backup for people with no saving


 O0 O0 O0



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God did not created man...man created god

Offline hmgROCK

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Re: Never go broke for anyone
« Reply #3 on: August 07, 2024, 02:17:27 PM »
unless you did a prenup
you can’t go broke
use the court system and get half off everything

when overload JEFF BEZOS of amazon divorce
his low income wife got billions and billions of money

 ;D ;D ;D



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God did not created man...man created god

Offline Believe_N_Me

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Re: Never go broke for anyone
« Reply #4 on: October 29, 2024, 09:58:34 AM »
if your house is paid off
and you have no mortgage

you know you don’t have to live there forever
sell it and downsize
move to a low cost area

 ;D ;D ;D

still got backup government sponsored social security
that you have been paying into as a backup for people with no saving


 O0 O0 O0

The price of condos nowadays are right up there with single family homes, especially in the nice areas. Who wants to downsize to the ghetto?



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Offline Believe_N_Me

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Re: Never go broke for anyone
« Reply #5 on: October 29, 2024, 09:59:09 AM »
unless you did a prenup
you can’t go broke
use the court system and get half off everything

when overload JEFF BEZOS of amazon divorce
his low income wife got billions and billions of money

 ;D ;D ;D

I'm talking about a spouse who dried up your joint bank account.



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Offline Dok_Champa

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Re: Never go broke for anyone
« Reply #6 on: November 05, 2024, 04:08:32 PM »
My parents generation and even in my generation, women are financially dependent on men/their spouse/partner that's why it's hard for them to be independent, plan for the future.  How can you when you are living pay check to pay check, day to day?

When you are financially independent, can take of yourself, you are empower to help you and those around you. 

My advise to young girls/ladies:  Go to college.



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But true love is a durable fire, In the mind ever burning, Never sick, never old, never dead, From itself never turning.<br />               --Sir Walter Raleigh

Offline theking

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Re: Never go broke for anyone
« Reply #7 on: November 06, 2024, 11:08:27 PM »
You have no one to blame but yourself if you squandered away your youth. It really made me realize that I must really plan while I am still able-bodied.

Gotta say your "plan" suck. I mean your elderly mom sacrificed so much over the years to give you "the world" and you "squandered" all of her hard work away and still "flat broke"...

YOUR WORDS!

 :idiot2: ;D




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