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« Last edited by YitzyS on April 29, 2021, 09:29:16 AM »

Author Topic: Fuzzy Math - Personal Finances In The Frum World  (Read 10740 times)

Offline yos9694

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #180 on: April 29, 2021, 02:00:30 PM »
"Ummm... I see you have a sizable surplus. Can you spare any maaser for me?"

 ;)

Did you know I have a brother with 6 children who earns below the poverty line? And a first cousin with a family of 10 who was evicted last year for not being able to afford rent? Well, if I don't give them why would I give you?

Offline Lurker

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #181 on: April 29, 2021, 02:04:00 PM »
Did you know I have a brother with 6 children who earns below the poverty line? And a first cousin with a family of 10 who was evicted last year for not being able to afford rent? Well, if I don't give them why would I give you?

Ouch.
Failing at maintaining Lurker status.

Offline CountValentine

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #182 on: April 29, 2021, 02:07:10 PM »
For every 10 likes you get, he wants 1
Disappear, get sick, post updates = hundreds of likes.  :)
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Offline Mordyk

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #183 on: April 29, 2021, 02:09:00 PM »
Did you know I have a brother with 6 children who earns below the poverty line? And a first cousin with a family of 10 who was evicted last year for not being able to afford rent? Well, if I don't give them why would I give you?
So give them! ( If you can obviously)

Charity starts at home.   Most of my charity goes to close family. They don't want to take from me so i send it through a third party.  They don't know it comes from me.

Offline etech0

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #184 on: April 29, 2021, 02:09:55 PM »
Disappear, get sick, post updates = hundreds of likes.  :)
Is that the UPS method?
Workflowy. You won't know what you're missing until you try it.

Offline AsherO

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #185 on: April 29, 2021, 03:22:01 PM »
Disappear, get sick, post updates = hundreds of likes.  :)
Is that the UPS method?

Almost fits

Offline aygart

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #186 on: April 29, 2021, 03:30:14 PM »
So give them! ( If you can obviously)

Charity starts at home.   Most of my charity goes to close family. They don't want to take from me so i send it through a third party.  They don't know it comes from me.
It is not always helpful over the long term
Feelings don't care about your facts

Offline Lurker

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  • Location: As always, silence is NOT an admission of agreement on DDF. It just means that people lack the stamina to keep on arguing with made up "facts", illogical arguments, deceiving statements, nasty and degrading comments, and fuzzy math. - @yelped
Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #187 on: April 29, 2021, 03:32:32 PM »
So give them! ( If you can obviously)
It is not always helpful over the long term

If the original post was serious, I'm sure there are reasons for it. It was just worded a bit... harsh.
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Offline Mordyk

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #188 on: April 29, 2021, 03:42:20 PM »
It is not always helpful over the long term
I agree. it's not a situation that I'm enabling. Hardships are due to current unfortunate health circumstances.
#TYH

Offline ExGingi

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #189 on: April 29, 2021, 03:52:12 PM »
It is not always helpful over the long term

Which is why it is healthy that it is done without them knowing where it's coming from. Less of a chance of it being expected.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yelped

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #190 on: April 29, 2021, 04:06:27 PM »
So give them! ( If you can obviously)

Charity starts at home.   Most of my charity goes to close family. They don't want to take from me so i send it through a third party.  They don't know it comes from me.
He's just playing along with the conversation @YitzyS started. He's not being serious.

Offline aygart

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #191 on: April 29, 2021, 04:47:25 PM »
Which is why it is healthy that it is done without them knowing where it's coming from. Less of a chance of it being expected.
Feelings don't care about your facts

Offline yos9694

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #192 on: April 29, 2021, 07:55:02 PM »
He's just playing along with the conversation @YitzyS started. He's not being serious.

Thanks for sticking up for me. Its a pretty famous joke about a tzedaka collector, sorry, I thought most peopke would recognize it

Offline Sam Finkelstein

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #193 on: July 11, 2021, 10:38:49 PM »
To bring this thread back to life...

I was thinking recently of all the people I know who inherited full-fledged summer homes, upstate or elsewhere, and their parents/grandparents were not considered well-to-do. Now, most people nowadays struggle with owning just one home. What changed?

This should really be extended to my general observation that the prior generation had a much easier time making ends meet.
Formula for success: rise early, work hard, strike oil. –J. Paul Getty

Offline TimT

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #194 on: July 11, 2021, 10:42:10 PM »
the prior generation had a much easier time making ends meet.
How ?

Offline Sam Finkelstein

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #195 on: July 11, 2021, 10:47:14 PM »
How ?

That’s my question. They definitely seemed to make it work with much more blue collar professions.
Formula for success: rise early, work hard, strike oil. –J. Paul Getty

Offline Abebee

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #196 on: July 11, 2021, 10:49:24 PM »
How ?
Starting salary in the 90's was $500 a week for someone just leaving kollel, you were able to buy a house for 200k in Brooklyn.

2021 - starting salary is $800-$1000, houses aren't 400k.

For starters, cost of living is way higher, and starting salaries are pretty relevant....

Offline Sam Finkelstein

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #197 on: July 11, 2021, 10:55:05 PM »
Starting salary in the 90's was $500 a week for someone just leaving kollel, you were able to buy a house for 200k in Brooklyn.

2021 - starting salary is $800-$1000, houses aren't 400k.

For starters, cost of living is way higher, and starting salaries are pretty relevant....

What professions are you referring to? And assuming someone is leaving kollel after being married with a few kids, that’s barely enough. (FWIW I left kollel when my first kid was on the way, and still feel that was the responsible move to make. And I already had my degree and CPA under my belt, which isn’t that common, either.)
Formula for success: rise early, work hard, strike oil. –J. Paul Getty

Offline Euclid

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Fuzzy Math - Personal Finances In The Frum World
« Reply #198 on: July 11, 2021, 11:08:42 PM »
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/

Quote
today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago.

This has been well covered over the past few years - this is just one of many articles/studies about this. It's one of the driving motivations behind the Occupy Wall Street/1% movement.

Offline YesThatsMe

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Re: Fuzzy Math - Personal Finances In The Frum World
« Reply #199 on: July 11, 2021, 11:16:22 PM »
We’ve had tremendous asset inflation, while next to nothing goods & services inflation for the whole of 2000’s. CPI doesn’t include assets, so fiscal policy was pretty oblivious. Let’s see how things play out that CPI is flashing red…