pull down to refresh
100 sats \ 2 replies \ @DarthCoin 3 Nov \ on: Stacker Saloon
When I said: "spend your sats wisely" that wasn't a made up saying... it comes from wise words from old men...
Here is an excellent simple "economy class" from old men to the young ones.
is in spanish, sorry no translation
TLDR: "you earn 5 and spend only 1. You can't earn 5 and spend 6"
[00:00.000 --> 00:29.180] "A free car, you know, costs 700 pesetas. But man, sir, with a glass of water and 700 pesetas saved up, there's no right to pay 700 pesetas. If a car is worth half its value at 700 pesetas and with half its value you can eat for half the week. But young people just waste everything, what am I saying? They just waste it all. And then they don't have any money, so what are they going to have? Young people ask for 40 million pesos and think it's coming from their pockets. And when they can't pay it back, they get in trouble. That's how it is."
[00:29.180 --> 00:58.520] "And this is all going to end badly, right? This is all going to end very badly, right? That person has a cousin who brings two nephews, your relatives. I was there when I arrived on the bridge. And I say to the nephew: Jesus Christ, what a car you're driving! Yes. But it's not mine. I mean, man, then whose is it? The bank's. And he says, 'Did the bank give me money?' I tell him, 'Shut up.' 'And how much did it cost you?' He says, 'Three and a half million.' I say, 'And now it's going to take you five years to pay it off?' And if not, look at this, the bank is after me. I tell him, 'Shut up.'
[00:58.520 --> 01:28.520] "What about that? I'm telling you the truth. Follow on. That's a fact. There's no need for it. What do you mean, no? Nothing needs to be done. The man who earns five dollars can spend one and he's set with his finances. But if the man who earns five dollars spends six, then he's screwed his finances.
[01:29.080 --> 01:40.520] "And after that, someone says: Hey! I've got a kid studying. You don't need to be an economist here. Finances come from within yourself.
[01:40.520 --> 02:16.980] "Finances come from within yourself. Earning five and spending one, and then you're set with your finances. That's real finance. My uncle used to say, who lived there, that nothing good lasts forever. He said, 'From bad to good it goes well.' But from good to bad, oh how badly it goes. And that's what's going to happen. What's going to happen."