Peter Schiffs Brother Bitches About Making 350,000 +

[LuckyStrike]

http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html

"Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut (http://topics.bloomberg.com/connecticut/), summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex."


Well cry me a river.

[osoab]

The comments are quite good.

[zap]

Poor Bastards, It brings a tear to my eye, lol It sucks when you can't keep up with the Jones, these people are shallow.

[Shami-Amourae]

It's a hit piece of the Schiff family:

http://www.youtube.com/watch?v=SxigqI9MTng

http://www.youtube.com/watch?v=4P5uk7E4EBQ

You guys should know that the Schiff family doesn't follow the establishment/Rothschilds anymore (Jacob Schiff was a capo for the Rothschilds.) They have been on the side of the American people for the past couple generations, for the most part. The Elites do whatever they can to shut them up and make them look bad.

If I'm wrong, please explain to me why the Hell does the establishment spends so much time trying to demonize the Schiff family? Why is Irwin Schiff in jail (I know why)?

[mamboni]

http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html

"Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut (http://topics.bloomberg.com/connecticut/), summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex."

Well cry me a river.

When one earns six figures, one tends to spend it. Soon one is not as careful with his money and becomes accustomed to luxuries and extras. These soon become basic necessities, at least that is the perception. Ironically, these nouveau riche don't save very well and often live on rotating credit. Then there is the expense of keeping up appearances. So when a pay cut or slowdown comes, they suddenly feel poor and deprived.

Personally, I have preferred to live well under my income. It was a bit of an effort because my wife was more apt to spend and enjoy and get used to the trappings. So in 2004 I sold the Long Island house (near the peak) and moved to rural PA to live amongst blue collar folk and working people of modest means. It was a very smart move as it got the family out of the New York conspicuous consumption milieu and into a culture that values honest work, faith and community over materialism. In fact, I am able to save alot and still help my neighbors during these difficult times.

I have tried to live as our grandparents and parents would: cut your expenses so that you can save a minimum of 10% of your income, eat well but avoid unnecessary extravagances, only buy if you have the cash and never use credit, buy quality goods and make them last.

People who are slaves to fashion and status soon become slaves to debt.

[Shami-Amourae]

I have tried to live as our grandparents and parents would: cut your expenses so that you can save a minimum of 10% of your income, eat well but avoid unnecessary extravagances, only buy if you have the cash and never use credit, buy quality goods and make them last.

I've never owned a credit card in my life, but I'm considering getting one in case of a price drop in Silver or serious emergencies. Is this a good idea? I don't plan on using it for anything else.

[LuckyStrike]

When one earns six figures, one tends to spend it. Soon one is not as careful with his money and becomes accustomed to luxuries and extras. These soon become basic necessities, at least that is the perception. Ironically, these nouveau riche don't save very well and often live on rotating credit. Then there is the expense of keeping up appearances. So when a pay cut or slowdown comes, they suddenly feel poor and deprived.

Personally, I have preferred to live well under my income. It was a bit of an effort because my wife was more apt to spend and enjoy and get used to the trappings. So in 2004 I sold the Long Island house (near the peak) and moved to rural PA to live amongst blue collar folk and working people of modest means. It was a very smart move as it got the family out of the New York conspicuous consumption milieu and into a culture that values honest work, faith and community over materialism. In fact, I am able to save alot and still help my neighbors during these difficult times.

I have tried to live as our grandparents and parents would: cut your expenses so that you can save a minimum of 10% of your income, eat well but avoid unnecessary extravagances, only buy if you have the cash and never use credit, buy quality goods and make them last.

People who are slaves to fashion and status soon become slaves to debt.

For sure, money is always easier to spend than to earn no matter what the level. I mean if you are making a mil a year that is good money for sure, but after taxes its 500,000 I mean you can spend that much EASILY on one car, or house, or boat. And that is a mil a year. It's been awhile since I looked it up but I think like one parking spot in a parking garage in Monaco was for sale for 850,000. A studio apartment there is over a mil. Bottom line is if you live below your means you will always have money.

[Sparky]

...
Personally, I have preferred to live well under my income. It was a bit of an effort because my wife was more apt to spend and enjoy and get used to the trappings. So in 2004 I sold the Long Island house (near the peak) and moved to rural PA to live amongst blue collar folk and working people of modest means. It was a very smart move as it got the family out of the New York conspicuous consumption milieu and into a culture that values honest work, faith and community over materialism. In fact, I am able to save alot and still help my neighbors during these difficult times.
...

Was it a challenge to convince the wife and family to make the move, or were they all on board?

[gunDriller]

his poor children will have to ride the school bus with the Gentiles.

unless Mommy or Big Sis can pick them up in the KosherMobile.

[undgrd]

Is nobody going to point out that 350K in NYC is an upper middle class income in most places? Nobody is going to point out the crappy public school system in the City and the potential danger to an investment broker's children?

IMO, they should sell their vacation home, or move somewhere else.

[mamboni]

Was it a challenge to convince the wife and family to make the move, or were they all on board?

Well, my wife was reluctant to leave NY. Long Islander mothers are the proverbial soccer moms and they believe that anyplace out of NY is the boonies and people with no teeth (I exaggerate slightly.....slightly). I told her that my job was precarious, which was a bit of the stretch. But I did not like the hospital administration and in time there was going to be a confrontation. I was porotected becuase the medical staff held me in high regard and administration was fearful to mess with me. But in the end they were milking the system and it turned my stomach. I was a salaried doc and I wanted my own practice. Also, a young turk doc was sniffing around looking to merge our department into a large group practice; I didn't like the guy and didn't trsut him: too damn arrogant and political for my taste. We had a heated exchange one day when he was trying to pull the confidence bullshit on me and I called him on it. So that was it. Basically, I told wifey that I love her but I was leaving NY and she and the kids were welcome to join me! I promised them a better life and far more security; but they would have to give up the fake LI culture of overpriced homes, soccer moms and teachers crying poverty as they drived around in Lexuses. When I sold my house my neighbors said that I was crazy. I told them that housing was in a bubble (this was 2004) and if they think they will retire on the proceeds of the sales of their homes that they would be very sorry in a few years. They all laughed at me. Who's laughing now?

It was a good move. It was a bit of an adjustment for the family but in time, they warmed to their new surroundings. For me, when I saw the house in the woods on 10 acres with a creek, no neighbors and just old growth forest, it was love at first sight! I had been trying to get back to this since I was 6 years old. Forty five years later, I finally did it. I am very patient and very determined!

[mamboni]

Is nobody going to point out that 350K in NYC is an upper middle class income in most places? Nobody is going to point out the crappy public school system in the City and the potential danger to an investment broker's children?

IMO, they should sell their vacation home, or move somewhere else.


Yes, common sense would dictate that the problem is excessive cost of living, not insufficient income. But the New Yorker summed up the typical NYer's view of world perfectly and this is why they stay and suffer in the big [rotten] apple:

2350
http://gold-silver.us/forum/attachment.php?attachmentid=2350&d=1330613057

[TheNocturnalEgyptian]

http://i.imgur.com/rOqEh.png

[DMac]

This is definitely the 1%'ers over @ HuffPo stirring the pot.

Damn commies.

[LuckyStrike]

This is definitely the 1%'ers over @ HuffPo stirring the pot.

Damn commies.

Eh, just bloshevik menshevik infighting.

Perhaps just whipping up class warfare, which is a common tactic but regardless with jews dominating the 1% I don't see how they could escape the public wrath.

[Old Herb Lady]

When one earns six figures, one tends to spend it. Soon one is not as careful with his money and becomes accustomed to luxuries and extras. These soon become basic necessities, at least that is the perception. Ironically, these nouveau riche don't save very well and often live on rotating credit. Then there is the expense of keeping up appearances. So when a pay cut or slowdown comes, they suddenly feel poor and deprived.

Personally, I have preferred to live well under my income. It was a bit of an effort because my wife was more apt to spend and enjoy and get used to the trappings. So in 2004 I sold the Long Island house (near the peak) and moved to rural PA to live amongst blue collar folk and working people of modest means. It was a very smart move as it got the family out of the New York conspicuous consumption milieu and into a culture that values honest work, faith and community over materialism. In fact, I am able to save alot and still help my neighbors during these difficult times.

I have tried to live as our grandparents and parents would: cut your expenses so that you can save a minimum of 10% of your income, eat well but avoid unnecessary extravagances, only buy if you have the cash and never use credit, buy quality goods and make them last.

People who are slaves to fashion and status soon become slaves to debt.


We live in the same state ? Omg.

[Shami-Amourae]

You guys need to notice though the Elite are stirring up class warfare against the (semi)rich good guys who are on the side of Liberty. They are taking out 2 birds with one stone by going after Andrew Schiff.

[Silver Rocket Bitches!]

If I was accustomed to that life I would feel shitty about the forced austerity too. But he should be thankful that he can afford food and shelter for his family while so many families live in tent cities and shelters.

That wouldn't be so one-percenter of him though.

[LuckyStrike]

You guys need to notice though the Elite are stirring up class warfare against the (semi)rich good guys who are on the side of Liberty. They are taking out 2 birds with one stone by going after Andrew Schiff.

Don't confuse good guys with not as bad guys.

[mamboni]

We live in the same state ? Omg.

That's right Old Lady! And I'm coming to take you down....to Chinatown.;D

[Old Herb Lady]

That's right Old Lady! And I'm coming to take you down....to Chinatown.;D

I think I'm in a nightmare & can't wake up. You are like wayyyyy over there like extreme east correct ? Yes ? Please?

[mamboni]

I think I'm in a nightmare & can't wake up. You are like wayyyyy over there like extreme east correct ? Yes ? Please?

Yes, yes, your begging......good....good.;D

[Awoke]

LOLs. If I ever make a trip through the states, I would love to meet you, Mamboni. And a few others on this forum. Quite a few, actually.

[zap]

If I was accustomed to that life I would feel shitty about the forced austerity too. But he should be thankful that he can afford food and shelter for his family while so many families live in tent cities and shelters.

That wouldn't be so one-percenter of him though.

One thing I always remembered !!! The bottom can fall out at anytime, (surprise) and it will, then what will you do?

Make sure you save enough for the rainy days.