- #1740854rob023MemberMember since: October 7, 2011
Replies: 1621rob023 January 16, 2020 at 5:26 pm
Many times I’ve stood in awe of the magnificent Beluga taking off, coming in to land or seemingly to almost hover in the air.
It’s almost worth going to the UK or any other country they fly in and out of just to see a Beluga in motion.
Perhaps sometime in the future Belugas will be made out of, and powered by, materials that weren’t dug out of the ground.
The same goes for Teslas, trains, ships and other forms of transport plus all forms of electricity generation.
Now that would be a sight to behold.
Mining for the stuff required to manufacture aluminium.#1740858paulinemMemberMember since: July 8, 2006
Replies: 1144paulinem January 16, 2020 at 5:55 pm
Jens this is a grown up site, a site for retired person, that is the generation that are into their twilight years. In other words Jens we as grown ups know our time on this earth is limited You and I Jens could be dead next week, as we are in our twilight years. Why should we indulge in any savings scheme, at this stage of our life?? As most of us grownups Jens rely on the Govt Super to live on!
Re the discussion on debit cards vs credit cards, that is spend what you have and not give the bank an excuse to take what money from you by having a credit card.
My husband and I saved before he finished work and retired, we then spent the money we saved on work required doing to our home to ensure as retired persons we wouldn’t have unexpected unfortunate costs to our home in retirement . The savings was cancelled when I had my teeth pulled out and dentures needed to be brought.
In short your suggestion we should look at opening a savings scheme such as Kiwi saver is ridiculous and stupid, Instead I say live and enjoy the each day of your life, as you might not be here tomorrow isnt that true Jens!!!#1740859jens January 16, 2020 at 6:00 pm
Yes, yes, Hero42 –
but should we not include with all our efforts on education, welfare, health, and law and order also the effort of automatic participation in “good money management” –
also by those incapable of it, or unwilling ?#1740860rob023MemberMember since: October 7, 2011
Replies: 1621rob023 January 16, 2020 at 6:17 pm
The way I look at Jens’ suggestions, when he says “we should look at..” he’s talking about people of all ages and more than likely those just entering the workforce who need a financial plan to sustain them for many years to come.
Unfortunately, some people see the word ‘we’ and automatically think it’s referring to them.#1740865jens January 16, 2020 at 9:47 pm
But paulinem – exactly because with our NZ Super our generation has done pretty well for our retirement welfare – (although even you may not have minded to have had some more left over after getting the dentures ?) – should we not be concerned for the sake of our descendants, as there are still so many people complaining about poverty, and if their proportion increases, will they not endanger also welfare of the prudent ?
You have not paid enough attention to my postings on economics to be aware, that the need to save for more wealth creation does not apply to our generation anymore, as we have saved already for the purpose of being able to spend adequately in retirement and with this still contribute to the economy rather than drain it from the moment our income from work ceases.
Also please be fair to our overseas banks, because our native savings have not been massive enough to satisfy our needs for credit on investments, and without investments, paulinem, we (also you?) would be much less prosperous and secure than what we are at present.
Are you for or against keeping our not means tested NZ Super entitlement age at 65 ?#1740866huiatahiMemberMember since: March 22, 2017
Replies: 1113huiatahi January 16, 2020 at 9:57 pm
I think you’ll find if someone has to make the choice of eating or saving they’ll choose the eating. There’s a lot of people in the situation of having to make that choice
huiatahi#1740889arandarMemberMember since: November 23, 2009
Replies: 10869arandar January 17, 2020 at 11:52 am
There are many options for people to save for retirement, first home, tertiary education and the most obvious and easiest to commit to is KiwiSaver which can begin at birth – with support from parents or grandparents.
The stock market still exists for those who fancy their chances.
Banks and other financial institutions still offer savings accounts and investment accounts, albeit at all time low interest rates.
I see no reason to discuss the pros, and there are no cons, of personal saving – almost if not all the survivors here at GrownUps have agreed Saving Is Good, whatever and whenever a person can afford to – and there is a dedicated thread where people can discuss to their hearts’ and heads’ content Jens’ own personal savings scheme.
As for me, I’ve done that over several years and will not be doing so again.
Arandar#1740892don021MemberMember since: May 15, 2012
Replies: 1861don021 January 17, 2020 at 12:33 pm
How you live depends on how much money you have, and the amounmyt you earn depends on your skills. Leave school early and you will live poorly. I left schbool at the first opportunity, age 14 and began a low paid job, then another, finally I took a job that did not pay a lot but taught me good skills that later put me into a good income group that enabled worthwhile saving. So now in retirement money is no problem. You do not need to go to university to earn good money, one of my sons took a job he loved, and was obviously good at, and ended up earning $72 an hour equivalent.The chances are there if you have the vision to take them. Poor people usually have brought the situation on themselves.#1740897jens January 17, 2020 at 2:55 pm
Quite right, huiatahi – we have to eat to exist, we have to work for the food we have to eat – but have you forgotten, that in order to preserve our human standard of living, we also have to save some of what we could eat today, for known but also unforeseen demands tomorrow and even today ?
Thrifty eating without boozing and smoking is more healthy anyhow, so don’t you think there is a good case for the benefit of all, that the careless should actually save or have some savings stashed away for them, before they would be able to eat the lot ?
And yes, arandar thanks to all the savings facilities and encouragements we have, we are among the most prosperous in the world –
but what to do about those who under our liberal freedom refuse to take advantage of any of them, and thus creating what looks like widening poverty amongst plenty ?
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