Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
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Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
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Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#2The answer to the headline is, of course, because almost everyone sucks at money.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#3why people with no money so bad at having no money.
probably lazy and dumb, yeah, that's it.
i feel better already.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#4I am bad with money. I’m also not abnormal. A 2017 survey by CareerBuilder found that 78 percent of Americans live paycheck to paycheck, while a 2019 survey by Bankrate found that 60 percent of us couldn’t cover a $1,000 emergency.
For most in this predicament, it has nothing to do with being bad with money. It has everything to do with their income being 80% of their essential bills.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#5The answer to the headline is, of course, because almost everyone sucks at money.
It seems as though it is increasingly hard to make sufficient money in the first place.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#6 In a 2014 study, he found that 58 percent of affluent people are first-generation wealth, not trust-fund babies.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#7Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#8The answer to the headline is, of course, because almost everyone sucks at money.
But here's the thing. I have $80 and need to pay $100 in bills. There aren't any money skills that can overpower math.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#9I'm not a particularly outdoorsy person, but being a frugal person, I have noticed that a lot of outdoors activities really do "require" an investment. Equipment can be expensive, as can ski passes or trips. Once you hang out in those circles (as the article states), you don't want to have cheap gear. It's as with anything, I suppose, but with gear, there's always more and better things, which never interested me.
I remember talking with coworkers about bikes and one was recommend bikes to another coworker who wanted to get into cycling and he was recommending some pricey options. I remember thinking that if you want to get into cycling, you really don't have to spend a lot. Cycling shouldn't be about the gear itself. It should be about, well, getting out there and cycling. But for some people, half the fun is spending money on the toys. That same coworker admitted a few weeks later that he bought himself yet another bike, one that was several thousand dollars. Meanwhile I was stressing with my $1200 bike purchase as that felt like a lot of money.
Re: Young, Dumb, and Broke: Why Outdoorsy Types Suck at Money
#10I am bad with money. I’m also not abnormal. A 2017 survey by CareerBuilder found that 78 percent of Americans live paycheck to paycheck, while a 2019 survey by Bankrate found that 60 percent of us couldn’t cover a $1,000 emergency. For most in this predicament, it has nothing to do with being bad with money. It has everything to do with their income being 80% of their essential bills.
> but I can tell you that there were $60 rounds of drinks purchased without a second thought and $25 cab rides to the bars. There were $1,500 ski-season cabin shares in Lake Tahoe and a $150-a-month membership at Equinox. There were multiple Starbucks lattes per day and $18 organic steak salads eaten at my desk.
I don't think this is someone who can't cover essential bills with their salary. This is the trap kids fall into (my early 20's self included) when they first start making real money and it feels endless.
It's not endless. It's very easy to fritter away.