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World Traveler
Joined: 29 May 2009
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 Posted: Sun Dec 21, 2014 12:26 am Post subject: |
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| KimchiNinja wrote: |
| Here are some interesting charts; income per capita divided by debt per capita. It puts Japan #1. The USA is #2 |
No, man, the opposite. That's for Effective Net Worth Per Citizen, which is why the last line of the article is, "Looks like the United States is still the best place to be, even though debt is high." Why would the U.S. be the best (in this area), and not Japan? Maybe because the cost of living is much lower in America. Adjusted for PPP, the United States could come out on top. |
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World Traveler
Joined: 29 May 2009
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| Posted: Wed Dec 24, 2014 12:00 pm Post subject: |
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| radcon wrote: |
" how much money can one make digging up oil in North Dakota."
Talking about salaries is tacky, trashy, and points to ill breeding. |
The reason you don't like the question is North Dakotan oil diggers make much, much, much more than you. You're not fooling anyone but yourself when you claim this:
| radcon wrote: |
| I like money. If I continue on my current path I may even get into the lower end of the 1%. |
It is you who are constantly bragging about the big bucks you (supposedly) make (incidentally an assertion about as credible as the half baked blogs you reference), and not surprisingly you do so in way completely devoid of insight or useful information. "Nah, nah, nah, nah, nah. I make more money than you." You're like TheUrbanMyth, PatrickGHBusan, alongway, wooden nickels, hubbahubba, and IPayInCash all rolled into one. |
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Shimokitazawa
Joined: 14 Dec 2007
Location: Seoul
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| Posted: Sun Dec 28, 2014 6:05 pm Post subject: |
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| World Traveler wrote: |
| radcon wrote: |
" how much money can one make digging up oil in North Dakota."
Talking about salaries is tacky, trashy, and points to ill breeding. |
The reason you don't like the question is North Dakotan oil diggers make much, much, much more than you. You're not fooling anyone but yourself when you claim this:
| radcon wrote: |
| I like money. If I continue on my current path I may even get into the lower end of the 1%. |
It is you who are constantly bragging about the big bucks you (supposedly) make (incidentally an assertion about as credible as the half baked blogs you reference), and not surprisingly you do so in way completely devoid of insight or useful information. "Nah, nah, nah, nah, nah. I make more money than you." You're like TheUrbanMyth, PatrickGHBusan, alongway, wooden nickels, hubbahubba, and IPayInCash all rolled into one. |
There should be nothing wrong with people here exchanging information or discussing salary ranges and benefits. That's what the purpose of this forum should be for.
I've never understood why some people are offended by discussion of salary.
In other words, it should be a secret. Okay, but why? |
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World Traveler
Joined: 29 May 2009
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| Posted: Sun Dec 28, 2014 9:02 pm Post subject: |
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Exactly. As long as a person is giving concrete, specific numbers, they are helping a discussion (unless they are lying, in which case they are really pathetic).
If someone says what their salary is (giving numbers) and explain how they did it (and what visa type they have), then that is great and helpful information. It's good to know how much money can be made per hour in various jobs and what the benefits (as well as the drawbacks) are. That's way better than vague platitudes.
Such a discussion would not be polite in real life in person; however, we are strangers here, which is a big plus of having a dialogue online.
Last edited by World Traveler on Sun Dec 28, 2014 9:10 pm; edited 1 time in total |
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EZE
Joined: 05 May 2012
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| Posted: Sun Dec 28, 2014 9:10 pm Post subject: |
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| A year or two ago, I was looking at a Credit Suisse chart about global net worth per household. The one thing that stood out to me was that although the average household net worth in Australia and the USA were both roughly $250,000, give or take, the median household net worth in Australia was around $185,000 but it was only $38,000 in the USA. I found that shocking. Even though I'm from one of the poorest towns in one of the poorest areas of the USA, I didn't realize America was that impoverished. |
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EZE
Joined: 05 May 2012
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| Posted: Sun Dec 28, 2014 9:26 pm Post subject: |
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I found the chart. It's not household net worth, it's net worth per adult. I was off about Australia's numbers, but it's still an eye-opener.
http://econintersect.com/wordpress/wp-content/uploads/2013/07/z-temp3.png
The USA and Japan have comparable per capita net worth, but 32% of American adults have a net worth of less than $10,000. Only 4% of Japanese adults are that poor.
Last edited by EZE on Sun Dec 28, 2014 9:34 pm; edited 1 time in total |
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World Traveler
Joined: 29 May 2009
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EZE
Joined: 05 May 2012
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| Posted: Sun Dec 28, 2014 9:59 pm Post subject: |
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| I agree that newer data is more valuable than older data, but I think median figures provide more insight about a country's standard of living than mean figures. |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Dec 29, 2014 12:31 am Post subject: |
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| For a lot of Americans, they are worth nothing (or minus nothing) on paper because their debt exceeds their assets. This is not necessarily a bad thing though. Americans living in large suburban houses owe money...however...mortgages in the U.S. are tax deductible...PLUS living in a large house = a better standard of living. Houses in America are objectively bigger (more spacious) than houses in Japan. (The U.S. and Canada have the biggest homes in the world.) |
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wooden nickels
Joined: 23 May 2010
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| Posted: Mon Dec 29, 2014 1:58 am Post subject: |
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| World Traveler wrote: |
| radcon wrote: |
" how much money can one make digging up oil in North Dakota."
Talking about salaries is tacky, trashy, and points to ill breeding. |
The reason you don't like the question is North Dakotan oil diggers make much, much, much more than you. You're not fooling anyone but yourself when you claim this:
| radcon wrote: |
| I like money. If I continue on my current path I may even get into the lower end of the 1%. |
It is you who are constantly bragging about the big bucks you (supposedly) make (incidentally an assertion about as credible as the half baked blogs you reference), and not surprisingly you do so in way completely devoid of insight or useful information. "Nah, nah, nah, nah, nah. I make more money than you." You're like TheUrbanMyth, PatrickGHBusan, alongway, wooden nickels, hubbahubba, and IPayInCash all rolled into one. |
What's your problem? You have even come out and asked about my job and income? |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Dec 29, 2014 12:37 pm Post subject: |
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You know what's vapid?
Unsolicited bragging/put downs- "I make more money than you."- followed by no useful/specific information.
I asked for a rough ballpark figure of how much you charge per hour / per month (not because I wanted to insult you back but because I wanted to learn), but you refused to answer.
That's really obnoxious. |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Dec 29, 2014 1:06 pm Post subject: |
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| radcon wrote: |
| Food prices are rising double digit percentage points annually. |
Not true.
http://www.ers.usda.gov/data-products/food-price-outlook/summary-findings.aspx#foodCPI
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| The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, is 1.3 |
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| The CPI for all food is 3.2 percent |
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| Looking ahead to 2015, ERS predicts that supermarket prices will see normal to slightly lower than average food price inflation |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Dec 29, 2014 1:44 pm Post subject: |
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| radcon wrote: |
| World Traveler wrote: |
| I guess those numbers have more to do with people being able to retire early/when they want to due to the good economy (high stock values mean their 401Ks/retirement packages/stock investments are worth a lot more than before). |
If you think people are leaving the workforce because so many of them have done so well that they are able to retire early you are extremely delusional. The 2008 meltdown wiped out so many baby boomers retirement funds. |
NASDAQ Composite:
October 2002: 1,210
November 2007: 2,810 (peak before the "crash")
March 2009: 1,293 (lowest point in the dip)
December 2014: 4,807 (currently)
TL;DR: It's better now than it ever was. (Looks like you should have invested in the stock market instead of gold bars.) |
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wooden nickels
Joined: 23 May 2010
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| Posted: Mon Dec 29, 2014 6:41 pm Post subject: |
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| World Traveler wrote: |
You know what's vapid?
Unsolicited bragging/put downs- "I make more money than you."- followed by no useful/specific information.
I asked for a rough ballpark figure of how much you charge per hour / per month (not because I wanted to insult you back but because I wanted to learn), but you refused to answer.
That's really obnoxious. |
I've stated that I own a business and a home. Tough poo for you if you don't like it.
You asked me how much my income is per month. I've stated that I prefer not to give you that information. Tough poo for you if you don't like it.
When you begin asking people, "hey, what's your income per month," that's what's obnoxious.
Some people are here in Korea trying to make a go at it. Most will tell you it's not perfect but they have settled in or they are toughing it out until something better comes along, or they are in a better financial situation to do something better. |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Dec 29, 2014 7:22 pm Post subject: |
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| wooden nickels wrote: |
| You asked me how much my income is per month. |
No I didn't. I asked how much you charge for for an hour of 1:1 teaching. I didn't even directly ask how much you charge students to attend your hagwon (though I was curious about that as well).
Maybe people on here reading threads want to learn. It's not all about you.
This is an anonymous forum. No need to worry about having your e-feelings hurt.
Stop being so pretentious. |
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