Retweeting
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well.. certainly not in so many words. but I definitely don't expect to get that old.
I'll look pretty dumb if it should happen.
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well.. certainly not in so many words. but I definitely don't expect to get that old.
I'll look pretty dumb if it should happen.
If you're right, you won't know it, but if you're wrong..
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The best advice I heard in my 20s don't spend your raise. If you can live of X and now you make Y, still live of X and put everything you don't spend in a few ETFs. Don't try to be smart en beat the market, don't buy stocks, etc.
Just 3 or 4 ETFs that cover the world. Or if you want to be smart read up on the permanent portfolio or all weather portfolio.
You don't need a more expensive car if your current car still works, you don't need a new phone every 2 years, etc. Buy what can't be fixed, don't pay for upgrades that are not really going to improve your life.
Also buy things that don't expire (toiletpaper, dishwasher soap, etc) in bulk when the offer it really good.
You don't have to live as a bum but you can still make sure you don't overspend.
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It's a legitimate conundrum, do I invest for comfortable retirement or comfortable middle age
If you have a solid retirement plan and you are in a position where you can still save extra money, go for multiple retirements (sabbatical).
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My father was a workaholic. My brother and I were both worried he'd become depressed when he retired. Nope. He created all kinds of work for himself by starting a million projects. He said he never had enough time for all that he wanted to do. It was a great relief.
I'm glad to hear that for your father!
️ my dad has also been a little project-machine gun since he retired. He is always doing something, which is awesome to see.Personally, I know that if I was given all the time in the world like that, I would wither and feel completely hopeless. I don't have a drive to start things if it is only for myself. For me, working is a relief because I'm needed by others and I feel a purpose.
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Once we switch over to bottle caps as currency, I'll be both instantly rich and utterly distraught at the potential wealth I squandered over the years.
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Have you heard of the stock market? /jk
Why JK though? There are many financial options to at least get more returns than inflation, working for people without fuck you money too. It takes some financial education that we likely have to learn ourselves, but there are options. And it's possible to reasonably lower risks and costs enough by selecting the right financial products.
Though obviously, if you just buy what the bank guy says, the bank will make the profits, not you.
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I had a conversation with an older dude this May. It was +30°C in Germany and Germany doesn't really do air conditioning. The older dude, while sweating bullets, was telling me that we don't need to do air conditioning because we rarely have high temperatures.
It was +30°C in May. It was +30°C in May for the last 10 years. I think that dude will die of heatsroke, and till his very end he will believe that nothing ever happens and things are exactly the same as they were when he was a child.Well, we do air conditioning more and more nowadays...
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In all honesty, my retirement plan is to go out with a bang in an act of left-wing extremist terror. We have seen way too little left-wing extremist terror in the past few years.
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Why JK though? There are many financial options to at least get more returns than inflation, working for people without fuck you money too. It takes some financial education that we likely have to learn ourselves, but there are options. And it's possible to reasonably lower risks and costs enough by selecting the right financial products.
Though obviously, if you just buy what the bank guy says, the bank will make the profits, not you.
While I agree with you, most people don't want to spend the time learning all of this. Furthermore, I had the luck of good financial education and I had to wade through a sea of rubbish just to get to the good bits. But as someone who's new, how do you learn? That's the problem. And even if they could learn, how are they going to start saving? Is the supermarket cashier just making ends meet by a hair's length really going to start saving up thousands and thousands of quid just to be able to see some real returns? Don't hate the player, hate the game. You have too little money to start making some real returns. And because you have no real returns, you need to work for menial tasks and menial money. And therefore, you cannot start saving up and make some real returns, the cycle is complete. What a nice system that we put our lives inside of.
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Well, we do air conditioning more and more nowadays...
Yet, buildings that are being built today don't have it, and you need to spend a small fortune if you want to have a split system.
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The best advice I heard in my 20s don't spend your raise. If you can live of X and now you make Y, still live of X and put everything you don't spend in a few ETFs. Don't try to be smart en beat the market, don't buy stocks, etc.
Just 3 or 4 ETFs that cover the world. Or if you want to be smart read up on the permanent portfolio or all weather portfolio.
You don't need a more expensive car if your current car still works, you don't need a new phone every 2 years, etc. Buy what can't be fixed, don't pay for upgrades that are not really going to improve your life.
Also buy things that don't expire (toiletpaper, dishwasher soap, etc) in bulk when the offer it really good.
You don't have to live as a bum but you can still make sure you don't overspend.
Best advice I've encountered in a while.
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Honestly, true.
We are indeed going to face massive, catastrophic changes to society broadly.
But they will take place over such timespans that most people are just going to get used to things being shitty and the death-tolls from storms, flooding, starvation, forced-migration... it will just be more dull noise in the background for decades and decades.
The "nothing ever happens" shitheads are in the middle of things happening, but our attention-spans have been so thoroughly eroded that people don't think anything is real unless it literally shakes them out of their bed.
We are indeed going to face massive, catastrophic changes [...]
And they say "nothing ever changes" smh
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The things that never happen are happening right now but our collective attention spans have been dulled to the point that you can't recognize the actual swing of history as it's unfolding. Everyone just gets used to incremental changes to life so that it feels like nothing changes, because time isn't real and your memory is malleable.
Yeah where is ww3?
Where is Iran's big play?
Y'all still waiting for the supposed revolution m
