High end audio predictions and wish lists for 2021

[Kingrex]

squandered. Houses, cars, furniture, education. , what kind of education. All the money I put towards education worked, even towards my children. For sure wasn't wasted. And its hard to loose money in real estate unless a person can't
pay the taxes and insurance and basic upkeep. .

Squandered is the wrong word. Used up disposable income. Asset rich. Cash poor. Your kids education doesn't usually turn into a kid giving mom and dad money.

 

[CPP]

Squandered is the wrong word. Used up disposable income. Asset rich. Cash poor. Your kids education doesn't usually turn into a kid giving mom and dad money.

disposable income, which is the amount of money after taxes left, for example, in your paycheck. Subtract all of your necessities like paying for rent or housing, student loans, utilities, and food, and whatever is left over to spend, save, or invest is your discretionary income.

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

 

[Bruce]

Squandered is the wrong word. Used up disposable income. Asset rich. Cash poor. Your kids education doesn't usually turn into a kid giving mom and dad money.

Reminds me of the answer the famous Brit Footballer George Best gave on a UKTV Interview who asked what happened to his fortune?

" I spent it on Booze, Women and Hi Fi

--I squandered the rest"!

Bruce