Sunday, October 5, 2014
On 25, 30 Year-Old Fellows Making Seven Fifty, Eight Bucks an Hour
It appears to me that there are two possible solutions here; a) beg the government or company involved for more money or b) improve your human capital in an effort to make yourself more marketable and thereby retain your human dignity. Needless to say, whenever I mentor a young person, I tend to push that latter strategy.
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It's easier for some to beg rather than do the work worthy of these higher wages.
There is another unusual alternative: an acquaintance, an
elderly lady who never married, worked dozens of low pay retail
jobs, no bennies and lived hand to mouth. Her health was badly deteriorated, the disability folks turned her down, so she slogged on, living in a trailer unable to see a doctor. Two years ago, an aunt died and left her oil lease deeds in Texas:
with the fracking, she started receiving $$$ thousands a month.
Asked for financial advice, I steered her to a good CPA and warned her about all the legitimate investment firms lurking..be careful, they are there to make money, not to help you! She had spent the later part of her life deeply in debt, subject to constant dunning mail
and phone calls, barely able to
pay the interest. Now, she has paid everything off, gotten a decent car and can see a doctor
when she needs to. It seems ironic, being a hard worker like she was, that her reward finally came from something other than hard work.
Elderly? Not on Social Security or Medicare? Never acquired marketable skills at any point throughout her lifetime? And she's lucky in that in a lot of other countries (yet another perk of socialism) they don't even allow you to have mineral rights on your own damned land.
Under certain legal conditions, one can loose their mineral rights if horizontal drilling and forced pooling are involved. Yes,
this individual had a degree in
computer graphic arts design, but
apparently so do a lot of people because she never got a job in that area (read "you are HOW old?)
I agree that in other countries her mineral rights would be nil.
Perhaps their 'cradle to grave' systems substitute?
Yes, but under most circumstances you are able to reap the benefit from your own land.......And sometimes you have to change careers in life. If the graphic arts thing wasn't working for her she probably should have checked out the local community colleges and technical schools for a substitute.
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