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12-01-2017, 11:08 AM
#251
Originally Posted by Roger
This is something the current generation simply don't understand and take the gift of many many years of interest free loans for granted and then still bleat that they have to repay the money ! Opps, digressing from the central theme of the thread again
From listening to those students who go on about the lucky generation, and it's certainly not all of them, you could be forgiven for thinking teenagers of earlier times had money dripping out their pockets. Nothing could be further from the truth. I live in a student city and had a lot to do with them through my activities. From my observations, the students have more to throw around than the teenagers of my day even though most were working full time. Nobody started on adult wages or even close. The grass is always greener, but when looking backwards - it's luminous green with spotlights.
Last edited by fungus pudding; 12-01-2017 at 11:11 AM.
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12-01-2017, 12:04 PM
#252
Originally Posted by Roger
This is something the current generation simply don't understand and take the gift of many many years of interest free loans for granted and then still bleat that they have to repay the money ! Opps, digressing from the central theme of the thread again
Spin me a yarn..so its a gift IFF you can get a greater return from the investment which most do not..
1. Lack of job opportunities
2. In real term salaries/wages haven fallen back a substantially amount in the last twenty years. Real disposal income for most has narrowed.
3. Life has it hard challenges which we all have to face, talk about misery has company here..hard to see how that justifies the current generation has it easier..
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12-01-2017, 12:15 PM
#253
I think ALL posters would enjoy the following on You Tube clip;
Roger Penske at 2008 Winter Commencement.
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12-01-2017, 12:21 PM
#254
Originally Posted by Raz
Spin me a yarn..so its a gift IFF you can get a greater return from the investment which most do not..
1. Lack of job opportunities
2. In real term salaries/wages haven fallen back a substantially amount in the last twenty years. Real disposal income for most has narrowed.
Really? Can you cite anything to support that disposable income has fallen? (assuming that is what you meant by disposal)
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12-01-2017, 12:21 PM
#255
Its always been hard to buy a house Raz, always been hard to get a degree, always been hard to get ahead...honestly cry me a river I'm over the younger generation telling me their lot in life is so much harder than in my day. Now they want to bleat like lambs lost from their mother that they have to support those in retirement who have paid into the tax system for half a century...do me a favor...enough already !!!!!!!! Let's get back to the thread question.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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12-01-2017, 12:32 PM
#256
Originally Posted by Roger
Its always been hard to buy a house Raz, always been hard to get a degree, always been hard to get ahead...honestly cry me a river I'm over the younger generation telling me their lot in life is so much harder than in my day. Now they want to bleat like lambs lost from their mother that they have to support those in retirement who have paid into the tax system for half a century...do me a favor...enough already !!!!!!!! Let's get back to the thread question.
Good on you Rodger, unfiltered honest Rodger at last:-) Yeah tell us what you really think. Back to the thread...
ps how hard was it to acquire those three extra houses you mention you just flicked off in Auckland:-) ha!
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12-01-2017, 12:43 PM
#257
Originally Posted by Raz
Good on you Rodger, unfiltered honest Rodger at last:-) Yeah tell us what you really think. Back to the thread...
Alright. The question 'how much capital do you need to retire' is like the old 'how long is a string of sausages', hard to answer and meaningless. Think about the income you need, and you're on the way to sorting your finances out..
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12-01-2017, 12:57 PM
#258
Originally Posted by Roger
I don't think its a weak argument at all. Kids now have ready access to Uni and interest free loans that go on forever.
Sorry I agree we are off topic but can't let this slide.
You think an interest free loan provided by the nz taxpayer that needs to be paid back is better than having all your course costs paid for by the nz taxpayer?
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12-01-2017, 12:59 PM
#259
Originally Posted by Aaron
Sorry I agree we are off topic but can't let this slide.
You think an interest free loan provided by the nz taxpayer that needs to be paid back is better than having all your course costs paid for by the nz taxpayer?
You do realise that uni fees are still heavily subsidised by the govt don't you?
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12-01-2017, 01:00 PM
#260
Originally Posted by Aaron
Sorry I agree we are off topic but can't let this slide.
You think an interest free loan provided by the nz taxpayer that needs to be paid back is better than having all your course costs paid for by the nz taxpayer?
not sure how much "courses" cost Aaron but I have seen people via the budget service with student loans up to $ 65,000 ..... Most student loans that I see would be in the 30-40 K range .
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