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#1
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Free money....
Free "found" money does not help stem bankruptcy. It seems when you don't earn your money you treat it differently than when you earn it. Surprise, surprise, surprise. What implications does that say to you?
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#2
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Can't teach an old dog new tricks...a lot of times bankrupcy is a product of poor financial management (though obviously there are other situations too). Give someone a ton of money and they're going to piss it away even faster unless they were able to learn how to handle and save after the first time around. I am not too surprised by this study.
e.g. instead of misusing $1000 on "oh I just want that pair of jeans", it is $150,000 on "Oh I have enough money, I just want that car", bigger stakes.
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TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#3
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That's why poor people are always poor, they just don't understand how to handle money.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#4
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Say I win the lotto.. What would I do? pay off any and all debts and save the rest or invest it into my home or business.
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#5
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Quote:
c'mon dude.... party like a rock star!!! fast cars and faster women..
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#6
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Nah, I'm alright. All I need is a house I'd like(nothing stupid big) a 4 car garage(double stacked) and a daily driver lol
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#7
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I'd probably pay off my college loans providing there was enough to cover them~!
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#8
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I'd probably splurge on some name-brand beer.
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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
#9
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__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#10
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It's a step up from the black & white label "BEER".
__________________
1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15 '06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod) |
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