RE:People Are Afraid Please... I lived through the inflationary periods of the 70s, 80s and 90s. This is no different. The powers that be are creating rampant inflation as that is the only way they can stay ahead of their deficit spending.
When I came of age and entered a workforce filled with boomers, house prices were astronomical compared with the wage I was making not to mention food/rent. At the time it seemed like a never ending treadmill with just enough money each pay period to keep a roof over my head and food on the table. Not to mention student loans having to be paid back at 14%.
What I realized quickly was that to get ahead you need to work, hustle and most importantly sacrifice. Would I have liked to have spent my time at university studying some obscure novel topic? Would I have liked to have gone to Mexico each winter like my friends? Would I have liked to have leased a new vehicle? Would I have liked to have rented my own place? Would I have liked not to have to work every major holiday and use vacation time picking up odd jobs? For sure. The reality however is that I realized quickly that I was never going to get ahead that way.
So instead of buying the latest edition of People magazine or some other trash, I used the small amount of extra money each month to pickup a financial magazine and used textbooks. Every coffee break and lunch period I got, I read. Every evening and weekend I read. Over time the pieces of how elites make money became clearer... avoid personal debt at all cost... track your expenditures... pay attention to interest rates... pay attention to what's going on in the world with an investor's ear and understand CRA rules in relation to deductions and gains.
Over the last 20 years the life of Canadians has been fairly stable. This has led to generations coming of age that have grown up with a sense of entitlement that schools have only reinforced. The issue I see is that kids are coming of age woefully unprepared for the world they are entering into. Simple test anyone can do to confirm... ask any new high school, college or university grad to explain the Rule of 72... or troubleshoot a gas lawnmower that won't start... or change a tire. (Today I passed a late 20s guy dressed in jeans talking on a cell phone. Next to him was a 50/60 something grey haired CAA guy on his hands and knees changing the guys flat tire. Learn how to change and repair your own flat tire and you just saved $120 a year on a CAA membership.
As for getting my own coffee... I absolutely can. In fact I can also grow, roast and grind the beans if need be. I have educated and trained myself to be self dependent. This is a lesson kids today need to learn and strive to attain. It's the only way to get ahead in this world and that which is coming.
Rocket101 wrote: I keep hearing that people are afraid to buy in high priced markets. Well I don't blame anyone to feel or think like this. I for one ain't a chaser. The time was 2-3 yrs ago. Let the money bags buy at high prices. I buy low sell high not the reverse. As far as corporate greed etc. just look at these massive monopolies and the revenues they generate all to appease the share holders. Yet you talk to the actual people that imo are the back bone of the companies and I see they making peanuts standing on there feet serving customers for a lousy 25.00 hr. This is actually better then some figures of 17-18.00. So yes corporate greed does exist and so does ignorance and selfishness all around. They making billions and the poor soul working for 25.00 hr can't even put gas let alone afford to drive. Now you wonder why all these older farts in society that had the good fortunes of benefitting from rising tides and debt growth think that the younger generations aren't hard working! Aren't motivated! Should be more willing to stoke the people that have the money. Sorry to inform you that young people ain't your slaves. Get off your candy hassssss and make your own coffee. Younger people and generations deserve a fair shake. No difference then selling a product for a realistic price.
jmho as always