Prove you're not a slave. Quit., page 4

Originally posted by JR MacBeth

I do hope that you don't get too many Gen X, Gen Y folks that miss your points. Once you ID yourself as a Boomer, it seems that a whole lot of folks are ready to read you the Riot Act. It is generally held that Boomers have enjoyed a disproportionate amount of opportunity, in comparison to younger generations.

I had a bad divorce at the age of 38 so I had a serious reroll, but what I still had was 20 years of exponential personal growth that allowed me to overcome that mistake (any many others I might add).

But you're right about those who want it all, and don't see that the generation ahead of them paid their dues, and often made sacrifices to get there, and if that's the source of their bitching, then they just need to grow up.

The 80s were good and the 90s really sucked for me. I find the ups and downs of the 2000s as very workable. They need to just never stop growing and one day they will say wow life is good.

But then, there is something to the argument that Boomers have had some great opportunity, that is no longer available. And while not all Boomers did good with what they had, many did, and that, with a bit of luck, we would think many "should" retire fairly well.

Opportunities never end.... shhhh....a secret I know....

Just look back in each decade and you will see that many happened, the fun is to find the future ones as they are happening. Like dump everything you got into BP when they hit $25 per share…

New millionaires will be made by that one move alone…mark my words…hehe

But then, the economy melted down! You seem to feel a rare sense of security, but I seldom hear that with all that is going on. Of course, in my business, selling precious metals, I often am dealing with a very conservative element, who refuse to "trust" the stock market, or even the government and their worthless paper anymore.

I don’t care who is president or if the economy is good or bad for I’m bullet proof in that area. Bad luck would be my only threat at this point in my life, but I could live good without working and healthcare coverage will never be an issue for me.

Stocks make you rich (once you actually have a savings), living a good life and initial saving is created by personal growth while always improving your living standards.

I wonder what advantages the younger generation has that the Boomers did not have? Certainly, the internet was a late-comer, and it's power is something I would have loved to have all those years ago. But many have taken good advantage of it.

To be honest, I thought I missed the computer boat back in the 80s...boy was I wrong. Opportunities will always happen no matter what, but a person needs to be prepared when they come. As example when that better job opportunity comes along you need to already be prepared or it will pass on by. I started a whole new career at the age of 44, but my foundation way good and I was successful.

Well, I wish I had more optimism concerning the global economy, but I don't. I do see that my children have a tough row to hoe with this economy, but not necessarily due to the lack of quality jobs, it seems to go beyond that. It's almost as if there is so little "hope" today, in general.

I see your point and at my age I have a 7 and 10 year old, so I feel your pain, but just look around and in your area most likely you will see 1000s of businesses someone will own 10 years from now, you see 1000s of houses you can’t afford right now, and you see a lot of cars you wish you could be driving, might as well be you and not someone else for it
WILL be someone….my point is life still goes on and it is not “old money” buying all that stuff.

I remember a nation that was literally on the MOON with pride, with nothing but hope ahead. We had made it to the Moon, the stars lay ahead. And then the Wall fell, peace seemed to be breaking out. Yeah, there were some decades of hope there, for sure.

What like the 50s when people were building fallout shelters in their back yards and a really nasty Korea war...the 40s with WWII, 30s great depression, the 70s with 3.50 per gallon and 18% car/house loans, 80s huge militay build up stagenated ecomony, and crappy music, 90s with huge gains then huge losses and wars and as we see again in the 2000s?

Not much different I would say

Maybe we should all be looking into South America too!

Naw it is all still good...fear of the unknown is not there when you are ready...but South America looks good (some parts that is)

[edit on 15-7-2010 by Xtrozero]