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Thread ID: 89392	2008-04-29 08:17:00	Close Up - Gareth Morgan!!	SolMiester (139)	PC World Chat

Post ID	Timestamp	Content	User
663924	2008-04-29 23:58:00	People with Asperger's Syndrome often appear aloof and condescending to ordinary people, just saying. Asperger's Syndrome is often found in high achievers and also computer nerds. www.aspergers.com en.wikipedia.org "Unlike those with autism, people with AS are not usually withdrawn around others; they approach others, even if awkwardly, for example by engaging in a one-sided, long-winded speech about a favorite topic while being oblivious to the listener's feelings or reactions, such as signs of boredom or haste to leave."	zqwerty (97)
663925	2008-04-30 00:12:00	On the contrary, the only reason he is well-off is because his son created Trade-me and Gareth (and others) put some money in to help get it going. Gareth Morgan has donated most of his money to a charitable trust - he's given it away. He drives a Toyota Echo. The guy is intelligent and enthusiastic, not at all a money grubber. In fact he doesn't care about money. ah?....if this is so, whats with the Gareth Morgan Investments Ltd and why would HE be on Close Up?	SolMiester (139)
663926	2008-04-30 01:03:00	On the contrary, the only reason he is well-off is because his son created Trade-me and Gareth (and others) put some money in to help get it going. Gareth Morgan has donated most of his money to a charitable trust - he's given it away. He drives a Toyota Echo. The guy is intelligent and enthusiastic, not at all a money grubber. In fact he doesn't care about money. I am sure he did a lot to help trademes success. Infact I am sure that if it wasn't for Gareth, it wouldn't have been the success it was, as he has all the business knowledge and contacts and funding, that his son wouldn't have had at the time.	robbyp (2751)
663927	2008-04-30 01:07:00	Did anyone see that money management show on TV3 last night (can't remember the name - it's the one with the ginga drill-sargeant who goes through people's finances). The couple on it were a classic example of what Gareth Morgan was talking about. They earned reasonable money, and had a revolving credit mortgage which they were using to pay their credit card bill. That's the normal practice with a revolving credit mortgage, but the problem was that they were spending around $530 more a month than they earned. So their mortgage was never going down, and in fact was getting bigger. Hubby recently splashed out on a car and jetboat in addition to losing $20k on a failed business venture, and wifey loved to shop. So they were in the hole to the tune of $30k, and were at the point where they were unable to service their mortgage. Their defense was that they wanted to live a 'fun life'. Plonkers :annoyed: There are a lot of people who do that, and it comes down to the fact that many NZers are just not finance savy, and it is not taught in schools. It is only going to get worse as house prices drop, bank interest rates rising, and credit getting harder to get.	robbyp (2751)
663928	2008-04-30 02:45:00	ah?....if this is so, whats with the Gareth Morgan Investments Ltd and why would HE be on Close Up? He's an economist and that is his company. He makes a living advising on economic trends and investment advice. He's the most honest guy I've come across in a long time, having been to various seminars and read his website free advice. I don't agree with everything but basically he talks sense. Gareth Morgan gets on TV because he is able to talk and cuts to the chase. Nothing mealy mouthed. For 15 years Gareth Morgan had been saying the NZ financial planning industry was shonky and just plain wrong. Nobody listened - until the finance companies started falling over last year. Chris Lee is another honest and outspoken investment analyst who said the same stuff.	Winston001 (3612)
663929	2008-04-30 02:51:00	There are a lot of people who do that, and it comes down to the fact that many NZers are just not finance savy, and it is not taught in schools. It is only going to get worse as house prices drop, bank interest rates rising, and credit getting harder to get. Yes Rob, you are right.....but it isn't exactly rocket science. I've got $100 in the bank, I earn $500/week but don't save anything, got some bills owing....so of course I can afford the plasma and home theatre for a mere $5000....on hp.....Tui moment. We probably do need schools to teach basic economics but parents should educate their kids on this stuff. Its pretty simple.	Winston001 (3612)
663930	2008-04-30 02:56:00	Tell ya what I sure aint walkign 100km tomorrow to fix two pc's . . . . . . . . and I know plenty of people, my wife included, who wont be walkign multiple Km's to work . . . . . what an idiot . . . . . . . 100km, fine . That would be a ***** to walk . Multiple kms? like under 10? That's a stroll, would be a nice thing to do in the mornings . I find that it's not that much slower than buses/driving . And you feel much better when you're done . Too many people drive for stupidly short journeys	Thebananamonkey (7741)
663931	2008-04-30 03:04:00	Education in basic economics, Winston? Who needs it? The banks have been for years encouraging people to borrow money . "Of course you can put your overseas shopping trip on your credit card . Or if you're at the limit on that, add it to your mortgage . " Then when the arse drops out of the economy, the banks' "economists" criticise people for imprudent borrowing . Economics is not a science . Dickens's Mr Micawber summarised the whole subject in a couple of sentences .	Graham L (2)
663932	2008-04-30 03:11:00	We probably do need schools to teach basic economics but parents should educate their kids on this stuff . Its pretty simple . So very right! It has to be a joint effort . Teachers have the children at their most wide awake period and need to be given the skills to teach basic economics . Parents should always be first teachers, but many do not have the 'knowhow' .	Marnie (4574)
663933	2008-04-30 03:26:00	Education in basic economics, Winston? Who needs it? The banks have been for years encouraging people to borrow money . "Of course you can put your overseas shopping trip on your credit card . Or if you're at the limit on that, add it to your mortgage . " Then when the arse drops out of the economy, the banks' "economists" criticise people for imprudent borrowing . Economics is not a science . Dickens's Mr Micawber summarised the whole subject in a couple of sentences . Speaking of which . . . . I don't suppose you'd be able to spare a couple of quid . . . . . . ?? Graham - no-one puts a gun at anyones head and says - "Borrow this money . . . " :eek: Yes, to buy a house, borrowing money is necessary for everyone . But that makes sense since the mortgage is a substitute for rent . However when mortgages are above rent - as has been the case for a while - don't buy . Heck most people hunt out bargains when shopping, why do they then pay over the odds for a house?	Winston001 (3612)
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