kambusha @ kambusha @sh.itjust.works

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644

Joined

1 yr. ago

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I guess at least they're up-front these days?

Hulk Hogan. Idiocracy is a documentary.

Implement the golden rule: cooks don't clean.

Aight, I put on my robe and wizard's hat.

I agree with you, it's fucked. It's also the reality we live in for now, unfortunately, until something changes, and I don't see any change coming soon. We're probably more likely to see our first trillionaire before that, unfortunately.

Doesn't have to be 50%, that's merely an example to illustrate the power of compounding & resisting lifestyle creep. If you take anything away, it's to try to save & invest what you can, as young as you can, and to resist the urge to "keep up with the Joneses". That will put you in a much healthier financial position. I don't know your situation, and you don't know mine.

That's sort of the point I was trying to make with an example, but it appears it fell flat. Compound interest and resisting lifestyle inflation, can really help people in the long-run.

The reality is, you'll never be able to time it perfectly. Contributing over time, rather than lump-sum, will spread the risk.

If something does happen to the stock market, we'll all be fucked. Pretty much every country, company, and individual is invested in some shape or form. Pensions, insurance etc.

With my left hand, my thumb starts facing right, and then sort of goes down and towards the left.

Agreed, no investment can be guaranteed. However, average return of s&p 500 over 100 years has been 10%. Average return of an example index-fund, VTI, since inception in 2001 has been around 8%.

I'm not sure anyone called it significant gains?

Anyways, 50% is really just an example to show what can be possible through saving & investing. Saving any amount of money, at a regular rate, can quickly become more than you think, when compounding is in play.

Left or right-handed?

Historically, investing in a broad-market index fund has seen 8-12% annual returns. Average inflation in the US has been around 2-3%. Subtract another 3-4% for taxes, and you're still making at least 3%.

Anyways, the point is more about the fact how powerful saving & compounding is. Save early in life, and try to not inflate your lifestyle too much, and then you can technically reach financial independence.

Save & invest 50% of your paycheck for 10 years, and you could technically retire (as long as your cost base does not go up).

I never really got that one, because "left" vs "right" only works when you are looking at the top of the screw. At the bottom, left tightens, and right loosens. So the one I remember is "clockwise to close".

Edit: the image on the post is actually a good example. If I'm off the screen to the right holding the spanner, then from my perspective, "left" would tighten.

and finally, monsieur, a waferthin mint

Office Space 2

That "hoy tu, mañana mi" reddit story.

Edit: hoy por ti, mañana por mi

You'll Never Walk Alone. It's liverfool football club's motto. They sing it at every game. People get it tattooed.