[Shotimes] Re: (OT) More UAW workers bankrupt - Detroit
news
G Kerby Haltom
g.kerby@sbcglobal.net
Wed, 21 Sep 2005 05:12:31 -0700 (PDT)
Never, ever count overtime as steady income. Lots of
people make that mistake. The overtime train will
come to a stop eventually.
But Mark is right. Looks like most of these folks
would have run up their debt no matter how much they
made.
Although, I think I'd be happy to drive a forklift for
150K a year...
Kerby
--- Mark Nunnally <marknunnally@joimail.com> wrote:
> >forklift operator???!!!
> >$469k in debt???!!!
> >How does this happen and what is wrong with this
> picture?
>
> Well let's see, the $350k house, the $50k hummer,
> the $10k home theater, the $15k on the credit cards,
> the $20k equity loan (to pay off the credit cards
> and other consumer debt "stuff" etc...etc...
>
> The guy is bankrupt because he can't manage his
> personal finances, not because he took a pay cut.
>
> It's not what you make, it's how you manage or spend
> it :)
>
> mark
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