Originally Posted by hughh
Gary - This is what I said about fuel... "Problem is Europe's economy and inflated price of oil worldwide."
I wanted to keep it short, did not have enough pages to enumerate the other problems we are having.
I have been retired now for around 6 or 7 yrs and my wife for about 10-11 yrs. We are to the point that we're banking more on a monthly basis than we spend. We are not making thrifty efforts, still eating out 2-3 times a week, drink in 2-3 glasses of wine, etc.
Every time I go to one of the 3 Costco stores close to us, I see lines of people with overloaded baskets. I see people hauling out flat panels. My friend who is a TV/Audio installer tells me he can't cope with the people wanting to install their flat panels on the walls, etc.
Just yesterday, my neighbor's cleaning lady arrived driving a fairly new Lexus SUV.
My grandson will be getting a new truck for his 16th birthday and it goes on and on.
As far as our investments, we were making zilch! I finally moved my account from my bank to USAA and wish now I had made that move a few years ago!
We went to the ballpark to watch the Texas Rangers on Sunday and there were around 45 thousand people, spending on $26 dollar hot dogs (sold 191 during the Saturday game)
drinking grossly overpriced beer paired with nachos, etc. Someone must be doing alright around here! Oh, the Cadillac dealer down the street tore-up the old showroom and is in the process of getting a new one. The BMW dealer cannot get enough of the new 3 series sedans...and it goes on and on.
I am with you, we could do better, but from what I can see, North Texas is doing much better than the way it was around 4-5 yrs ago! Just about 5 yrs ago my favorite furniture store, Shop in Denmark went under. The floor manager, a friend from Norway purchased it and he has now more people working there than the old store ever had.
As for you comment..."assuming you believe that governments actually do beneficial things rather than being simply parasitic". Well, I spent a total of 50 yrs working for the Federal Government (23-USAF and 27-USPS), my wife spent 20 yrs (USPS). That should tell you how I feel. Not the place to get rich, that's for sure, but benefits are OK.
I feel the same way you do, Gary. I am not going to spend on a new OLED or any other
type of expensive toy. Our priorities have shifted and now we'd rather spend the money on a nice Hawaiian vacation (that's what the boss says, not me). We'll see when the new wave of TVs comes out! ;-)