This is a perfect example why most people are dirt poor and in debt.

Discussion in 'Economics' started by noob_trad3r, Nov 17, 2011.

  1. noob_trad3r

    noob_trad3r

    In general people are morons when it comes to managing their financial affairs.

    Give them a million and in a year they will be broke. People don't get rich by blowing every dime they get and then borrowing.


    http://online.wsj.com/article/SB100...16172350869312.html?google_editors_picks=true

    Despite having earned roughly US$1 million since he started, he has no savings and doesn't apologize. 'The mines are so dull, that when you get back here, everything is stimulation and excitement.'
     
    #1     Nov 17, 2011
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  2. nazzdack

    nazzdack

    When stories about "high" wages being paid in commodity-mining jobs become "news", it has to be bearish for the commodity in question. :D :eek: :cool:
     
    #2     Nov 17, 2011
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  3. john barley

    john barley

    Can't these companies hire a bunch of Filipinos and Indonesians for a couple thousand a month?
     
    #3     Nov 17, 2011
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