Monday, February 17, 2020

Some Random Thoughts

Why is it now every time I see news reports they say some car left the "roadway" even if it were on a city "street"?

Why do reporters now say someone was knocked to the "floor" when it occurred outside instead of the "ground"?

Why oh why can cable news just report the news instead of hosting panels endlessly discussing it?

Speaking of cable news. If your interested in anything other then the coronavirus, the elections or what some other fool said on TV your SOL.

Just about every public official or TV personality is complaining about death threats they receive on social media. There's a simple solution for that... duh!

Post something humorous, informative, educational or entertaining and I'm sure to get 90% less views.

The 30% rule states someone's rent should not exceed their net income by this amount. The average rent in the Lehigh Valley is $1,500. So how many take home $5,000 a month after deductions?

The average Social Security income for a couple is less then $2,000 a month. Is it possible to live on $24,000 a year? A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in corporate-sponsored 401(k) plans at the end of 2018 was $95,600. So if average rent is $18,000 a year this means in 15 years (less if there are unexpected medical costs, taxes on your withdrawals, rent increases etc.) you'll go broke in less then 15 years... unless you die first.

If you receive a new car rebate of let's say $1,000 doesn't this mean the car was overpriced? If bought for dealer invoice one can assume the dealer also got a rebate... meaning the car was vastly overpriced in the first place. Which explains why cars can lose more than 10 percent of their value during the first month after you drive off the lot.

I heard on a business news channel today consumer borrowing is higher then it ever was. They said it was because of consumer confidence in the economy. That doesn't make any sense to me. If the economy is so good wouldn't they be borrowing less?

I heard on this same business news channel that average family of four needs to earn a net of $70,000 annually to be comfortable. That works out to about $45 an hour gross combined for a full time working couple.

Full time child care runs around $200 per child a week. So if you have two kids you'd have to earn around $12 an hour x's 40 just to break even. Plus you'd likely need a second vehicle which would increase those costs greatly.





I have a bunch more thoughts running around in my noggin but that's enough for now.

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