Major Black Pill:
If your current salary remains stagnant and your yearly raise is less than the current rate of inflation, you’re basically getting a salary DECREASE. Companies have barely increased their average salaries/wages since COVID, so since life has become 10x more expensive, you’re basically getting fleeced nowadays.
Essentially, 200k is the new 100k.
You need to ditch the 9-5 and become an entrepreneur. Quit putting that one idea or hunch that you’ve had aside in your mind.
Maybe I phrased this poorly. I'm saying he paid a $9k down payment on his first house in 1972. My first car I paid $20k in cash upfront for a used car with 20,000 miles on it.
And I felt proud of it, too. When I was in college my grandparent gave me an old beaten-up car I used to go makeout with girls in. Then I got out of college, finally started getting established in my career after years of grinding, I paid off my college loans ($19,000), and then I saved up enough money to pay all cash for a used car ($20,000).
You see, I bought into all the bullshit I had been told all my life.
Feminism. Colorblind equality. Liberal democracy. Personal freedom. Respect for our elders. Hard work gets rewarded. Integrity when no one is looking. Frugally saving money and doing the right thing and demonstrating individual heroism, moral virtue, servant leadership. Capital accumulation in a steady career.
And what did you guys do? You completely fucking betrayed us.
You Boomers ruined America, and you feel proud about it. You mortgaged our future, sent all the factory jobs overseas to China, imported 150 million foreigners, loaded up America with $40 trillion debt, racially discriminated against young white men with DEI, and insulated yourself from the social consequences. You impoverished the youth.
I paid twice as much for a used car as this guy paid for a house. And the car is a depreciating asset. The Boomer purchases a house for a $9k down payment and a $45k total in 1974, then over the course of his lifetime the value of the house appreciates anywhere from $400k to $1.2 million.
But this is why we hate Boomers like you. You're like "Why would you care if the entire ecosystem is collapsing, if you personally are doing fine? Fuck society and fuck everyone else, as long as you get yours".
Then young guys like men, who are moderately successful in a brutally suffocating ecosystem, do the math. I would be up $1-3 million if I was starting out under the same conditions as a Boomer in 1974. Do you know all of the cool stuff I could do with $3 million? Do you know how many workers I could employ? Do you know how many projects I could self-finance and expand on?
Do you know how many people I could help? No, of course not. You only care about helping yourself.
Amazing thread. America is done, unless AI can radically change things. The elites really destroyed the country. What comes next is anyone’s guess tbh.
For millions of years, up until 150 years ago, we only saw two lights. Sun and fire.
We have strayed far from those colors. It would be surprising if there were no consequences.
For millions of years, up until 150 years ago, we only saw two lights. Sun and fire.
We have strayed far from those colors. It would be surprising if there were no consequences.
I max my 401(k) as Roth and split the contributions between more speculative small cap funds and S&P 500 funds, and I've been having a good time with the rest of my pay because why not? It's not like a 3% yield is preserving anything. Just what I do and no idea if it's a good idea.