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Korean Job Discussion Forums
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MollyBloom
Joined: 21 Jul 2006
Location: James Joyce's pants
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 Posted: Wed Mar 19, 2008 8:29 pm Post subject: |
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| xingyiman wrote: |
Say you guys, what happened to all the Black helicopters and jack booted Clinton gestapo thugs? As I recall wern't Clinton/Gore connected to the trilateral bildeburgs.....etc...? |
Yes! They all are... |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Thu Mar 20, 2008 5:33 am Post subject: |
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| xingyiman wrote: |
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My comment was meant to illustrate that if I came on here bragging about the $30,000 a year job I got back home I would be ridiculed. |
Then you had no relevant point.
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| From my perspective there are hard times ahead for the country. |
Sure. People experience a hard time during a contraction.
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| and I when you figure in 2 car payments, insurance etcetera. Your situational analysis alothough realistic is modest at best. |
Well, work a few years in Korea, save your money, and put a good down payment. Don't drive a new car. Buy a used car and save until you can afford a new one.
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| And can readily be achieved in areas like rural Indiana and SOuthern Missoui. I could do everything that you said AND succeed but in the end I would simply be working a 60 hour week |
And yet millions of Americans do it. Why can't you?
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| In my opinion the credit tight rope in America is too risky right now to walk. I have mobility and oportunity that would be a distant dream if I plopped down money on a house in a mundane place to live ($200,000). |
I agree. Conditions aren't great in the USA right now. You've got a job in Korea. Stay there. Bank $10K a year. Come back after 5 years and plunk $50K down on a place. Heck, many people put $5,000 down on a place. |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Thu Mar 20, 2008 7:44 am Post subject: |
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| mindmetoo wrote: |
Citigroup has $1 trillion in assets. It wrote off $20 billion in subprime loans. It made $24 billion in profits last year. So this year it breaks even. Hell GM would be as happy to simply break even. I dunno. It's not the end of the world. |
The assets of a bank are its loans. Since banks tend to run with cash reserves at a small part of their total assets, then even a small proportion of non performing loans can have an outsize effect, if it threatens a banks ability to meet it's obligations as they fall due.
Still overall it's probably a good time to invest in banks, if you have the balls for it. I put an inheritence into an index fund two months ago and it's down 10%. Still it's a long term investment and I'm hardly panicing. |
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xingyiman
Joined: 12 Jan 2006
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| Posted: Thu Mar 20, 2008 7:59 pm Post subject: |
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| mindmetoo wrote: |
Then you had no relevant point.
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Whatever
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Well, work a few years in Korea, save your money, and put a good down payment. Don't drive a new car. Buy a used car and save until you can afford a new one. |
You act as if you believe that it's imperative that I get back to the US and buy a house and adopt the birth-school-mortgage-death scenario. Thank goodness my concept of self worth is not based upon your evaluation.
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And yet millions of Americans do it. Why can't you?
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Again you're acting like this is something I MUST do. Did it ever occur to you that yours and my views as to quality of life might just be a little different? I lived in Missouri all my life and it's a pi$$hole. So is Indiana and Kansas where other of my family live. What's my idea of a great place to live? Hawaii, California, maybe the mountain states. But it costs a lot to live there moreso than dumpy little Missouri and from my figures I probably couldn't achieve the finanancial prowess I would need to make a start in any of those places without the support of family and such. So what Iam saying is that based upon my employment outlook and the general conditions in the economy, Missouri and like areas are the only paces that would be feasible. THanks but NO THANKS. By the way millions of people are going back to work after retirement in places like Wal Mart greeting people as they arrive just to make enough money to survive. So do YOU want to do that also? If there's a better way I'll take it.
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I agree. Conditions aren't great in the USA right now. You've got a job in Korea. Stay there. Bank $10K a year. Come back after 5 years and plunk $50K down on a place. Heck, many people put $5,000 down on a place. |
Why? Wy do I have to return to America? For your information I am not planning to go back. I am married to an Asian and my career prospects look far better over here. I am planning to immigrate to Australia in the future and work in the commercial diving industry until retirement. Your financial advice is sound IF my goals were low enough to accept a unimaginative lifestyle that "millions" of people back home were accepting. For the record millions of people back where I live have never toured exotic locatons, dived to the Coral reefs in SE Asia and couldn''t come up with the money even if they wanted to. |
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Unposter
Joined: 04 Jun 2006
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| Posted: Thu Mar 20, 2008 8:37 pm Post subject: |
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Don't mind MM2.
All he is saying is don't complain even if you think things are bad. You know...smile while you labor and all that jazz...hardly original or interesting.
Leave it be. |
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xingyiman
Joined: 12 Jan 2006
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| Posted: Fri Mar 21, 2008 12:47 am Post subject: |
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| Unposter wrote: |
Don't mind MM2.
All he is saying is don't complain even if you think things are bad. You know...smile while you labor and all that jazz...hardly original or interesting.
Leave it be. |
I'm not taking MM2 seriously I am just trying to understand the reasoning. While I agree that two people working $30,000 a year jobs (a very modest income) can live reasonably well in a place like Springfield MO, that construct falls apart when applied to a place like Los Angeles, Miami, Baltimore, etc... So what happens if you don't want to live in the Ozarks, Kansas, or rural Illinois? That is the income scenorio he stated and I assume that it must be a one-size-fits all assumption. I've made $30,000 a year and lived in Missouri and I can tell you that for a single person you will get by but you won't live big. On that salary it can take you years to front enough money to save for a modest, aging house to lower the payments enough to be able to still afford groceries.
Yes combined incomes will help but unless you've got 2 people working in the medical indutries more than likely one person is making the 30 and the other is an 8.00 and hour line lizard somewhere. I've lived it. And I don't see the problem with complaining about the situation in lieu of the fact that in doing so I was simply offering up evidence as to why I was not going to do as he suggests.
I have no problem with someone who wants to save their money and invest in a property back home. It's their a$$ thats on the line. If I had relatives living in Long Beach or Honolulu to mooch off of while I got re-established so that I could buy a place in what I would consider a worthwile plac to live then I might think differently. |
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