@TheRealKitty019@BotulismBarry I mean you're missing the entire point. He'd have no issues with someone door dashing every meal of the day so long as they can afford to. People who go on his show are door dashing while simultaneously being in thousands of dollars in debt.
@consoleofrome@FrankKellerNYC@steveonomics Ok, so what should I do if I want to retire at 50? Roth contributions aren't going to bridge the gap to 59.5. I can afford to max out my 401k, but I don't so I can build my bridge to 59.5. Eventually I'll make enough that I can do both, but it isn't an "always" situation
@1Rayne_@RolandofChilead@WestCoastWigger@seiposting@nbayounglady@helllojojo Well that's what I was conceding. $100k before 30 is solid country-wide. But, if you compared yourself to your peers, do you stand out? If you have a degree, work a 9-5 and make a decent income are you investing more than your peers? Would be a better standard to hold yourself to
@1Rayne_@RolandofChilead@WestCoastWigger@seiposting@nbayounglady@helllojojo It's great compared to the average 26 year old. If you've been employed with even a basic 9-5 since college, you'd rack up $100k pretty easily. Especially since the market is up like 80% since you would have begun investing in your 401k.
@CastilloTrading What other choice do you have? Withhold retirement investing and try to time the market? Beauty of retirement funds are their passive nature. Last thing we should be doing is encouraging young people to keep their money out of the market.
@Brandononthemov@mukund You won't get a reduction that big without more supply from homeowners willing to sell (unlikely until rates drop) or new builds. High interest rates= increased borrowing costs= builders constrained +homeowners holding on to properties = stalemate/stagnancy
@DavesEchoVerse@John_G_IA@stelzner_n1150 This idea that there wouldn't be an absolute SWARM of new buyers at a 3.5% interest rate is nonsensical. Completely unserious take. Interest rates in America are KING in financed asset acquisitions. People don't ask "how much does this car cost?" They ask "what's the payment?"
@watermelonflash@singingsox They're doing the EXACT same thing. If you're a regular w2 employee, you can literally do the math yourself on what your return should be. For 3 years I checked the return difference on both, and 3 straight years they were identical. You're doing something wrong.