Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Isn't this pretty hard?

Most assets depreciate. Here's a non-exhaustive list: furniture, kitchen supplies, food, electronics, and vehicles.

It seems like it'd be hard if you're poor to avoid having a large chunk of your income go towards things that depreciate immediately you touch them.



It isn't easy, but it pays off. I slept on my floor for 2 years after I got a job as an engineer at IBM.

The overall point is this. If you say that you're poor, but you have a cable connection, TV, cell phone, data plan, multiple cars on finance, large student loans for that lib arts degree, and eat out at restaurants, then you're poor by choice. It's fixable via a change in priorities. I'm not claiming that everyone is in this situation, but many people fall squarely into this bucket.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: