We Americans hate saving - Chicagoland Sportbikes
Chicagoland Sportbikes
 
Open Forum This forum is for all off-topic discussion.

 
LinkBack Thread Tools Display Modes
post #1 of 16 (permalink) Old 09-13-2006, 01:16 PM Thread Starter
Registered User
 
under200's Avatar
 
Join Date: Feb 2004
Location: norridge, IL
Posts: 5,837
Location: norridge, IL
Sportbike: 2009 Triumph Street Triple R, 2011 Triumph Bonneville SE
Years Riding: 11
How you found us: web search
           
We Americans hate saving

Wow, I know us Americans buy a lot of shit we don't need but damn most of us don't save compared to other places.
http://biz.yahoo.com/special/pf091206_article1.html

Under200
under200 is offline  
Sponsored Links
Advertisement
 
post #2 of 16 (permalink) Old 09-13-2006, 01:53 PM
Moderator
 
Chills's Avatar
 
Join Date: Aug 2003
Location: Naperville, IL
Posts: 23,640
Location: Naperville, IL
Sportbike: Kawi ZX-10R
Years Riding: Since February 2012
How you found us: NESBA bbs
           
Send a message via Yahoo to Chills
Los Alamos, NM, was number 1. Going up there you'll meet more ivory tower academics than anywhere else. The town is very secluded geographically from the rest of NM and it also seems closed off to the real world. I can see lots of people saving money in that town because there's nothing to spend it on.

BTW, Honda4ever (my baby brother) was born there as well as all the maternal side of my family.

As for the rest of the article I am not surprised but I am very dismayed. There's way too much debt in this nation and no one is saving.

I think we had a thread on this last month... que no?

Never a bad time to climb... unless the weather is really horrible, and then you climb inside!

I bleed GREEN
Chills is offline  
post #3 of 16 (permalink) Old 09-13-2006, 01:56 PM
BEER!
 
Grover's Avatar
 
Join Date: Apr 2002
Location: Lindenhurst, IL
Posts: 5,970
Location: Lindenhurst, IL
Sportbike: '01 SV650S (Pokey!) '02 Honda CR125 (Blockhead)
Years Riding: 5
How you found us: SBN
           
Send a message via AIM to Grover
That's been stated several times before. What's new though is the direct comparisons to other nations..and that's what's scary.

I recently bumped my 401(k) contributions to 10%, and since I've not been track riding, been dumping decent cash into savings and paying down the bike and car loans. I think the 'not track riding' and 'paying down debt' are directly related, but I can't be sure..more direct testing is needed

NESBA/CCS #142
AIM: GroverSV650S
Dirtbikes are not submarines
Grover is offline  
post #4 of 16 (permalink) Old 09-13-2006, 02:06 PM
Moderator
 
Chills's Avatar
 
Join Date: Aug 2003
Location: Naperville, IL
Posts: 23,640
Location: Naperville, IL
Sportbike: Kawi ZX-10R
Years Riding: Since February 2012
How you found us: NESBA bbs
           
Send a message via Yahoo to Chills
Quote:
Originally Posted by Grover
I think the 'not track riding' and 'paying down debt' are directly related, but I can't be sure..more direct testing is needed

I think you are on to something here, Chris. I'm down to zero credit card debt and my 10R is paid for.... and I'm not track riding.... hmmm.

Never a bad time to climb... unless the weather is really horrible, and then you climb inside!

I bleed GREEN
Chills is offline  
post #5 of 16 (permalink) Old 09-13-2006, 03:06 PM
Registered User
 
Meulen's Avatar
 
Join Date: May 2002
Location: Romeoville
Posts: 19,186
Location: Romeoville
Sportbike: looking to get dirty!
Years Riding: long time
How you found us: SBN
           
I just read that the average 55 year old's net worth in this country is $55,000!!!! and only %30 of Americans have a net worth over $10k!!!!!!! I'm still in shock

Brian (F.K.A. Crazy)

Gamertag: CRAZY403


“You can’t escape the responsibility of tomorrow by evading it today.”

-Abraham Lincoln


“Blessed are the young, for they shall inherit the national debt.”

-Herbert Hoover
Meulen is offline  
post #6 of 16 (permalink) Old 09-13-2006, 03:07 PM
OBAMA FTW!!!!1!
 
.:K2:.'s Avatar
 
Join Date: Jul 2006
Location: Hoffman Estates IL
Posts: 3,648
Location: Hoffman Estates IL
Sportbike: Bike less, link to pictures of crashed bike in signature
Years Riding: Riding 3.5 years
How you found us: Hunny's Mom!
           
Send a message via AIM to .:K2:.
Quote:
Originally Posted by Crazy
I just read that the average 55 year old's net worth in this country is $55,000!!!! and only %30 of Americans have a net worth over $10k!!!!!!! I'm still in shock
Are you kidding??

<---- Andy

Gear saved my life - there is no luck involved in wearing gear.

Crashed Bike pictures:
https://www.chicagolandsportbikes.com...&postcount=138
https://www.chicagolandsportbikes.com...&postcount=139
.:K2:. is offline  
post #7 of 16 (permalink) Old 09-13-2006, 03:09 PM
Special Agent Lance Boyle
 
Sticky's Avatar
 
Join Date: May 2002
Location: planet earth
Posts: 6,707
Location: planet earth
Sportbike: 2010 KX250F
Years Riding: 26
How you found us: Sportbike Network
           
Send a message via AIM to Sticky
hate saving, I'm not hate saving; I vent it off daily.

<--------Sticky Nicky
Sticky is offline  
post #8 of 16 (permalink) Old 09-13-2006, 03:20 PM
eve
Registered User
 
eve's Avatar
 
Join Date: Mar 2006
Location: Lombard, IL
Posts: 439
Location: Lombard, IL
Sportbike: Ducati Monster 620ie
Years Riding: 3yrs
How you found us: Keyhole
           
Send a message via AIM to eve
I get in arguments regularly with my bf about saving. He is always telling me "american's don't save, we spend." I find it funny this came up here today. I'm always putting money away and budgeting my checking so the saving will actually eventually do something for me. And I do not have direct access to my savings from my debit card (thank god). If I need money, I have to transfer it first - I make it difficult for me to spend.

Candice
eve is offline  
post #9 of 16 (permalink) Old 09-13-2006, 03:34 PM
 
Join Date: Jun 2005
Posts: 2,022
           
Play the Lotto...163 million on Friday
cam_neely_8 is offline  
post #10 of 16 (permalink) Old 09-13-2006, 03:40 PM
Chief Apex Inspector
 
BLARNEY's Avatar
 
Join Date: Mar 2004
Location: Bartlett
Posts: 10,598
Location: Bartlett
Sportbike: The Bird is the *word* - XX
Years Riding: Lots
How you found us: Stuck on the bottom of my race boot.......
           




OK ..... OK ..... so this is a pet peeve of mine.


Think about it..... we all have the same amount of time to make our fortunes
in life.... From age ~20 - ~65 is fourty five years. At the end of that time you
will be faced with the very real fact that you need to retire and cover a fair
amount of your expenses...... think Social Security is going to be there for you ?
Yeah Right...... dog food for everyone.







Worth thinking about......

Compound Interest

Time


Investing money when you are young is the plan...start saving now
and it will have a huge effect on your personal wealth later in life
and give you the freedom to have fun when you are older.

Start Saving now kiddies.......



Tom

T2
It's ALL between the ears.....
NESBA Midwest CR #82 ( Hey - T2! ) Retired ?
FJR and a Big Red Wing-Thing
BLARNEY's GARAGE
BLARNEY is offline  
post #11 of 16 (permalink) Old 09-13-2006, 03:50 PM
Si Vis Pacem Parabellum
 
SmartDrug's Avatar
 
Join Date: Feb 2006
Location: Bartlett
Posts: 11,410
Location: Bartlett
Sportbike: 955i Speed Triple, 100AE Road King, AP1 Honda S2000
Years Riding: 1/3rd of my life.
How you found us: Cave Johnson
           
Quote:
Originally Posted by BLARNEY




OK ..... OK ..... so this is a pet peeve of mine.


Think about it..... we all have the same amount of time to make our fortunes
in life.... From age ~20 - ~65 is fourty five years. At the end of that time you
will be faced with the very real fact that you need to retire and cover a fair
amount of your expenses...... think Social Security is going to be there for you ?
Yeah Right...... dog food for everyone.


You're absolutly right, I was reading about Australia's version of social security last week. They realize that there's no way that they can support the level of retirees in the next few years, and have started making preparations. They have various programs that people in certain age brackets can buy into with tax breaks. Apparently one of the most successful programs is buying apartment buildings and renting them out, it's a continued source of income that doesn't require much work to keep going.

Brian
NESBA #22
الكافرة مع بندقية سوداء
Si vis pacem parabellum

Quote:
Yeah, I quit doing blow, not being rad!
SmartDrug is offline  
post #12 of 16 (permalink) Old 09-13-2006, 04:07 PM
The Violator
 
Troy's Avatar
 
Join Date: Oct 2003
Location: Lombard
Posts: 4,101
Location: Lombard
Sportbike: A little bit of everything.
Years Riding: Not nearly enough!
How you found us: On a ride in Colorado
           
It comes as no surprise that we are pretty bad at this as a country. My father always preached saving early. Luckily I have a great job and I listened.

I want to be semi-retired by my mid 40's. Can you say world's worst golf pro?
Troy is offline  
post #13 of 16 (permalink) Old 09-14-2006, 11:48 AM
 
Join Date: Apr 2003
Posts: 1,038
           
Saving for retirement is great and all but remember "You can't take it with you!"
flinchy is offline  
post #14 of 16 (permalink) Old 09-14-2006, 11:49 AM
Irony helps us play!
 
Arch's Avatar
 
Join Date: Jan 2006
Location: N'ville
Posts: 29,510
Location: N'ville
Sportbike: 2000 F4
Years Riding: Long enough to know better
How you found us: some hot MILF whispered it in my ear
           
Quote:
Originally Posted by flinchy
Saving for retirement is great and all but remember "You can't take it with you!"
But you can live off it when you're too fucking old to want to be bagging groceries, dumping fry baskets or saying "Welcome to Walmart".

Everyone Exaggerates

We're being taken for a ride... agaaaaaaain.....


Best Auto/Moto Insurance | Motorcycle Protection Today | FREE Trade-In Quote
Arch is offline  
post #15 of 16 (permalink) Old 09-14-2006, 12:06 PM
Curb your dogma.
 
Phily-D's Avatar
 
Join Date: Nov 2004
Location: Plainfield
Posts: 2,410
Location: Plainfield
Sportbike: another Honda:)
Years Riding: little while now....
How you found us: BusaDave
           
Quote:
Originally Posted by Arch
But you can live off it when you're too fucking old to want to be bagging groceries, dumping fry baskets or saying "Welcome to Walmart".
Werd!!

"Cr-Cr-Cr-Crambone!!"
Phily-D is offline  
post #16 of 16 (permalink) Old 09-14-2006, 12:09 PM
Curb your dogma.
 
Phily-D's Avatar
 
Join Date: Nov 2004
Location: Plainfield
Posts: 2,410
Location: Plainfield
Sportbike: another Honda:)
Years Riding: little while now....
How you found us: BusaDave
           
Quote:
Originally Posted by eve
I get in arguments regularly with my bf about saving. He is always telling me "american's don't save, we spend." I find it funny this came up here today. I'm always putting money away and budgeting my checking so the saving will actually eventually do something for me. And I do not have direct access to my savings from my debit card (thank god). If I need money, I have to transfer it first - I make it difficult for me to spend.
Damn near got into the first fight with the girlie on this very subject yesterday. Our employer matches our 401K 100% up to 4%; she was only contributing 2% and she had an extremely difficult time uping it to at least 4% per my suggestion. I think I am the one who will be taking care of the finances when we take the leap.

"Cr-Cr-Cr-Crambone!!"
Phily-D is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Chicagoland Sportbikes forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome