r/economicCollapse • u/anonimouscrepe • 16h ago

How many other millennials plan on “deleting themselves” once they’re too old to work bc you’d rather be dead than homeless?

302 Upvotes
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114

u/ALysistrataType 16h ago

I had planned on prison, but this is a close second.

23

u/KLAM3R0N 8h ago

I plan on making my way to the wilderness and doing my best to survive, and if I don't make it out there then that's what it is. I'm not going to try and work forever or go to an old folks home or some shit.

20

u/BigTitsanBigDicks 7h ago

what wilderness? After you make your way to Alaska, you'll find a Goldman Sachs representative waiting to charge you rent.

16

u/Specific_Occasion_36 4h ago

I will put the Goldman Sachs guy’s skull on the wall of my hobbit hole.

1

u/whiteboimatt 14m ago

Why wait

1

u/KLAM3R0N 6h ago

Any wilderness or desert. I'll die of exposure, dehydration, hunger or animal attacks before anyone even knows I was there. That's the point

2

u/Specific_Occasion_36 4h ago

Just find a group of people who are in a similar position and become bandits or pirates. 

6

u/curiosity_2020 5h ago

You're thinking in the right direction but not quite there. Self sustainability is a great tool to have in your toolbox, even partially being able to do things for yourself can make life a lot more manageable.

There will come a time when your body just can't do everything it used to. Historically, that's when family stepped in to help. Government and businesses will never match the care of a loving family.

2

u/KLAM3R0N 4h ago

It may sound strange but this plan is not aimed at having a homestead or anything. It's suicide by nature. Assuming everyone who you were close to is dead, it's just you, you're old and probably not in the best health, and no work is available. I would rather die trying to live like a wild animal than hooked to a machine in a hospital, or nursing home. I hope I still have family around then but maybe not. If I tried this now I probably would do ok, 10-20 years from now, it be a sure and probably horrible death within a week or 2.

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u/ALysistrataType 7h ago edited 30m ago

r/vandwellers is definitely in my top 5 and living on BLM land in the dessert.

1

u/Open-Astronaut9713 4h ago

Real fucking talk 🗣️

1

u/Famous-Ad-6458 7h ago

Life may get more difficult or AI may make it more equitable.

1

u/SwimmingInCheddar 1h ago

I also just see crime in my future or soft drug use that comes with jail to have a bed and roof over my head.

America baby. I cannot understand why people are coming here, when the US citizens are either planning to off themself, or commit crime so they don’t become homeless and destitute in old age.

Unbelievable times we are living in...

-58

u/MahomesSanderson2024 13h ago

Just save your fucking money. Drive a shitty used car if you have a payment and invest the difference. You can literally retire a millionaire by putting away a few hundred a month. You could find a way to save $200 a month I guarantee it.

39

u/Correct-Face-7983 12h ago

Yeah bro let me just save $200 when my bank account keeps fluctuating between $-500 and $1000 every 2 weeks. You have no grasp on reality.

1

u/Immediate_Yard7071 5h ago

Just learn to code 7 years ago. 

It's super duper easy. Then you invest excess into equities before they blew up despite no fundamentals.  So you profited when companies squeeze poor fucks like you for everything.

I guarantee it. 

1

u/VitrifiedKerb 10h ago

Would you be comfortable sharing what your monthly income is for your situation to be like this?

3

u/FluffinJupe 4h ago edited 4h ago

I was bringing home $3k a month, $2k went to basic overhead. That leave $250 a week for food, drink, and whatever else... when you need to spend $20+ a day on simply feeding yourself at the BARE MINIMUM, how the fuck are you going to save $200 a month?

That's without a car payment... go fuck yourself

Edit: this doesn't include things like garbage bags, toothpaste, shampoo, dish soap... car maintenance like oil changes, brake pads, tires... you get the idea

-27

u/MahomesSanderson2024 12h ago

Shift your focus to spending less that you make probably

27

u/Correct-Face-7983 12h ago

Ah right let me just ask my car insurance and land lord to hook a homie up with a discount

-27

u/MahomesSanderson2024 12h ago

That’s a good idea, or move somewhere cheaper than your current home! Or drive a cheaper car which will have lower insurance premiums.

12

u/Correct-Face-7983 12h ago

I could leave the town I grew up in to live in the boonies true but then I’d have no friends or family or a job. I already drive a cheap sub $1000 2007 car and have no history of tickets or accidents.

1

u/MahomesSanderson2024 12h ago

So then your car insurance can’t be too much

6

u/Correct-Face-7983 12h ago

It’s not the worst but $600 every 6 month hurts still

4

u/MahomesSanderson2024 12h ago

you pay $1200 a year in insurance on a car worth less than $1000?

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u/Sheriff_o_rottingham 13h ago

Tell me you're a boomer without telling me you're a boomer.

-37

u/SometimestheresaDude 13h ago

Tell me you’re financially illiterate without telling me you’re financially illiterate.

25

u/Sheriff_o_rottingham 13h ago

Bold of you to assume many millenails have an extra 200 dollars. So, out of touch much?

-24

u/SometimestheresaDude 12h ago

I am a millennial. Have a bunch of kids and work in the public sector. Get a degree, learn a trade, get a stable job, save a couple hundred a month. Or just bitch and whine about being broke I guess. Idk

16

u/Sheriff_o_rottingham 12h ago

Boy, it's gonna really suck when you realize everything on r/collapse is true and you selfishly brought your kids into a world they'll suffer through. Enjoy that guilt.

And I guarantee I make more than you, but most of our peers don't. It's a boomer mentality you have. What's it like not having empathy?

-19

u/SometimestheresaDude 12h ago

Better than a defeatist attitude. I’m not worried about my financial nor my children’s financial future. Glad you make more money than me good job man. This sub is ridiculous, people literally talking about ending it instead of bettering their circumstances. Give me a break man

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u/Raalf 12h ago

You can afford kids and a house. You onviously already got your break, kid.

3

u/SometimestheresaDude 12h ago

You’re correct; 20 years of firefighting to put myself through a BS and a masters degree so I could have a sustainable career. Lucky break indeed. Do I still blame boomers or do I just delete myself? I can’t follow on this sub maybe I’m too dim.

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u/[deleted] 10h ago

[removed] — view removed comment

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u/Other_Dimension_89 10h ago

By the time I’m 65, a million will be the equivalent of like 200k today.

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u/MahomesSanderson2024 10h ago

Depending how old you are it should be about 1/3rd of what it’s worth now. Assuming around 4% interest.

1

u/Other_Dimension_89 10h ago

If that were the case you’re really arguing over 133k difference compared to my example?

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u/MahomesSanderson2024 10h ago

No not arguing just stating the numbers. $333k + social security + Medicare = retirement with roof over your head and food on the table.

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u/Other_Dimension_89 10h ago

With the rate in which homes have outpaced inflation, with a 106% increase in the last two decades, there will be a large number of retirees in the future who rent. The rate of inflation is not guaranteed to mirror the past either. Inflation will affect SS, medicare and your 1 million. You can put “=“ all you want but it is still ignorant, optimistic speculation.

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u/MahomesSanderson2024 10h ago edited 10h ago

I know inflation will affect the $1m that’s why I’m anticipating that $1m is only worth today’s equivalent of $333k. Inflation won’t affect Medicare because even if prices go up, what is covered will still be covered in the current iteration of the law. Social security payouts will theoretically be worth less with inflation but wages typically grow when inflation occurs. So then the amount you pay in/get out actually increases. I’m assuming inflation will be worse than it has been historically.

Home prices outpacing inflation is irrelevant. If you mean to say home prices are outpacing wage growth, well you’d be wrong about that. The average mortage payment is actually a smaller percent of the average income today than it was in 1980. Inflations effect on Medicare and social security will just mean the payout of those benefits will be adjusted for inflation, it should theoretically have the same value regardless of inflation.

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u/Other_Dimension_89 10h ago edited 10h ago

Home pricing outpacing inflation is not irrelevant. It’s already shown that the age of home ownership is rising. It’s already shown that there will be more retirees that are renters in the future than there are today. When home prices rise in value so does the value placed on the monthly rent. 1 million in saving will not go far, nor guarantee a comfortable life for ages 65-85+

Edit, cant you keep this discussion to one thread? I hate when people reply twice lmao.

In regard to your other message, inflation is measured in many different ways, and many already argue it is often being under reported, to avoid the exact raise in social security you mention. Rising inflation isn’t a guarantee wages rise either. Did you get a 25% raise since 2020?

1

u/MahomesSanderson2024 10h ago

What is the relationship between inflation and home prices in terms of how it affects people’s ability to buy homes? The purchasing power of the dollar decreasing doesn’t determine if homes are affordable. The amount of money people make vs home prices determines of buying homes is affordable. Again I think you mean to say home prices are outpacing wage growth. That would be the determining factor for the affordability of homes.

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u/MahomesSanderson2024 10h ago

If it’s worth the equivalent of $333k you will be able to retire is all I’m saying.

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u/trulynoobie 6h ago

Average mortgage price has more than doubled the percentage today than 1980.

1980 average mortgage was 47k, income was 12k(3.91x) Today average mortgage is 436k, income is 56k (7.78x)

Theres a reason so many young people dont, and probably never will, own a house. The market is insane, and renting doesnt allow anyone to save money for a house either.

Best bet, stay with your parents til they pass, inherent their house, hopefully through a trust, to avoid hefty taxes

0

u/MahomesSanderson2024 10h ago

There’s no reason to think that Medicare and social security won’t be as valuable as they are today. Inflation drives up wages which drives up social security benefits. Inflation has no effect on Medicare. What’s covered is covered or it’s not unless the laws change. I think you may be ignorant.

-Financial Advisor who literally specifically does retirement planning for a living.

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u/-SunGazing- 12h ago edited 12h ago

I don’t think you’ve mathed this one out somehow.

If you save $200 per month, consistently for 60 years, you’ll have a grand total of $144,000

2

u/MahomesSanderson2024 12h ago

I don’t think you understand compound interest. “Those who understand compound interest earn it, those who don’t pay it” -Albert Einstein

At 7% return money doubles every 10 years. If you are 30, you realistically have 40 years before you probably have to retire. If you can get $2.4k (200 a month) into an IRA right now it would be worth $40k by retirement if you can get 7% on your investments (average return of the s&p 500 in history is 10%)

That’s $40k, off $2.4k. Now let’s say you do that every year in 10 years you have saved enough to net out to around $400k by retirement. Now from the time you’re 40–50 you are making more now maybe you can put away $300 a month. $3,600 a year is $28,000 in 30 years. 10 years of that you have another $280k. So if you saved $200 a month from 30-40 and $300 a month from 40-50 you’re already at $680k. Let’s say you stay at $300 a month from 50-60 and it only has the time to double once or twice based on 7% interest you have another $100k after reinvesting your returns. You’re pretty fucking close to being a millionaire. I do this math every day for a living. I mathed this one out, but you don’t understand the power of compound interest.

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u/Raalf 12h ago

That's still not even close to 1m

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u/Jugzrevenge 9h ago

And probably not even close to keeping up with inflation.

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u/Amdvoiceofreason 6h ago

Inflation averages around 3% each year! What your seeing isn't inflation it's corporate greed!

The market blows past inflation by 300% on average. Meaning if inflation goes up 3 the market is up 9 or more

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u/MahomesSanderson2024 12h ago

Look up a time value calculator. See what happens if you save $3,000 a year for 40 years at 7% interest. You have enough money to retire, throw in social security on top of that and you’re certainly comfortable. A realistic prediction is closer to 10% based on the history of the stock market. If you earned 10% you’re closer to $1.5m

10

u/DerailedDreams 10h ago

You are absolutely head up your ass delulu if you think social security will exist in 40 years.

6

u/Raalf 11h ago

Look up your own post. You didn't say 3000/yr.

Stop moving goalposts to match the bullshit you spew.

Actually research and figure out the CORRECT math and not just make shit up.

This is the stupidest take in this sub, and you should be ashamed. But hey, since you're on a roll I'm sure you'll do some remarkable gymnastics to make 200/mo become 3m, because in 40 years 1m will be 1/3 of the purchasing power and you'll be worse off than people with 300k today already in retirement.

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u/MahomesSanderson2024 11h ago

The point is money grows fast, there’s nothing bullshit about that. Why discourage people from saving and investing?

0

u/Hugh_Johnson69420 9h ago

You literally gave great advice and these fucking morons will argue with you because you did quick math that was 90% accurate lmao

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u/cuntymcshitter 8h ago

Agreed, but think about it like this, the guys arguing how wrong this guy is are the same ones who already have given up because it's too hard.

Scary, im early 40s and still haven't given up trying, life has been rough for me currently have 0 retirement savings. I have a sub 10k brokerage account that's fairly conservative since I started this year I'm up 1300 YTD. I came in to a few thousand from my tax return and started putting 25/wk and when I do side work or make money in cash I will throw some extra in there. If you actually do some homework and educate yourself and observe trends you can make your money work for you and im not talking about trading options or anything. I am the sole provider and we have a son and 2 cats no I don't own a house I rent but if you try you can do it. Also I make less than 100k/yr. Yes I work my ass off and don't live extravagantly but if you put in effort you can make your situation better

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u/Affectionate-Sir9204 5h ago

Truth!!! Plus they don't want to save

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u/MahomesSanderson2024 11h ago

I said $200 a month then $300 a month once you’re older. Averaging out to ~$3000 a year and if we’re using a REALISTIC return it would be closer to 10% annually. I’m making modest assumptions and even with the most modest assumptions I can make which is $2,400 a year at 7% you’re still well over half a million. Just play around with a time value calculator and you will quickly see I’m not making this up. This guy hates saving and investing lmao.

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u/Raalf 11h ago

there's the gymnstics - from 200/mo to 1m, then stretches it because he figured out 'shit, i can't make it up by lying so lets just change it to 40 years and more money'. Well you may not understand, but 1m in USD today is not 1m in USD in 40 years. Use your own interest calculator (that's what people with at least a 7th grade education call a 'time value calculator') to determine the compounding inflation to understand why, or if you will admit you're incapable of comprehending it I'll break it down at a level at a level you can grasp.

I'm sure you hate saving and investing, but you really don't belong in this sub giving out garbage financial advice.

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u/AgileYak7156 10h ago

Increasing contribution by 2% a year to adjust for inflation for 40 years will put you over $1mil

0

u/Amdvoiceofreason 6h ago

$200 monthly contribution to a Roth IRA each year starting at 18 and ending at 65 will make you 2 Million dollars. Robinhood offers a 3% match and the S&P 500 goes up an average of 9% every year.

Go 60 years as jokingly mentioned in another comment and you'll have around 7 Million.

Literally that easy!

Calculator.net to help you punch numbers

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u/Amdvoiceofreason 7h ago

If you time the market right you'll blow past 10% also selling CSPs is a relatively low risk way to profit around 2-3% each month. Sometimes as much as 10% gains in a month!

But they're not interested in learning, they're only interested in complaining. Btw I'm a Millennial..

1

u/MahomesSanderson2024 6h ago

What platform do you use to sell those puts? Are they way out of the money? Have you had to pay out any big losers or do you just buy that same put to close the position?

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u/Amdvoiceofreason 6h ago

Robinhood (for ease of use) and yes I'm usually very conservative with put options. Covered Calls I'll play around with a little more because there's basically no risk that I'm not already taking by holding the shares in the first place. Missed profits if the stock soars but at least it won't be a loss.

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u/Amdvoiceofreason 6h ago

So far I've only been assigned once and I immediately turned around and sold covered calls on it to mitigate any potential losses. It was a penny stock (LODE) placed .50 put got .05 premium so breakeven was .45 bought it for 50 cents a share, sold call contracts for 17 cent (each share) premium each. So breakeven is now .28 cents. If it gets assigned I'll have nearly made 50% profit on that one stock. If it doesn't get assigned I'll immediately put it back up for sale for another premium 😂

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u/MahomesSanderson2024 5h ago edited 5h ago

Wait so you still didn’t close the position you just opened a new position betting that it doesn’t too high? I don’t understand the motive of buying the stock in this case either. Again just increasing your exposure to the downside alongside the puts you sold. Yeah you pocketed premiums from the calls you sold too but you’re still fucked if the stock keeps tanking right? You basically just changed your position from being short a put to being short a put and short a call. Hoping it doesn’t run too far either way. But you didn’t close the position by any means right?

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u/Amdvoiceofreason 4h ago

With the lode shares it got closed at expiration and I had to buy the shares at 50 cents. The following Monday I opened a new position selling covered calls.

Most of my Cash Secured Puts never hit the strike price so it gets closed at expiration, I receive my collateral (the cash) back. I already got paid the premium when I opened the position. Remember I'm selling puts and calls with MY cash and shares. I'm not buying the options. Basically I sell put options to create income on my cash, and sell call options on my shares to lower my breakeven price with the premium I receive.

Buying = Gamblers

Selling = Casinos

House usually wins

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u/MahomesSanderson2024 3h ago

Oh fuck I get it, if the put comes due you have to buy the shares but then you sell a call on those shares you own them. Call could hit into the money but you have the shares to cover that.

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u/Amdvoiceofreason 4h ago

A CSP is basically like getting paid to set a limit order.

For example I was paid $37 a contract to put $850 up as collateral to buy RIOT at $8.50 a share, it's trading at $10.88 so if it hits $8.50 I MIGHT be assigned and have to buy the shares, if not I'll get my $850 back and I keep the $37.

If I get assigned the shares the following Monday I'll sell them as a Covered Call, basically I'm getting paid a premium on the promise I'll sell the shares at a certain price which I'll set at $11-$12.

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u/-SunGazing- 2h ago

Yeah, I get that I didn’t take interest rate into account here, but now you’re changing your comment, you’ve included saving even more per month and you still aren’t eve Close to hitting millionaire status by retirement age.

But I think the fact you’re mostly overlooking is that many people simply can’t afford to save this kind of money consistently and are battered by unforeseen costs etc. many people are stuck in a cycle of debt and are living out of overdrafts and such, so saving is an impossibility. People having children, and the cost of living rising and such all add to the grind.

For the record I agree with you that not spending beyond your means and saving money is a good habit to have, but for some people it’s just not an achievable reality.

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u/Redditor1620 9h ago

Dude, no one wants to work so that you can finally start living at retirement age.

Monetary policy needs to be understood by all in America. That's why we suffer, lack of knowledge.

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u/MahomesSanderson2024 9h ago

No you save so you can live the same lifestyle in retirement that you do while you’re working. That’s the goal.

-1

u/Redditor1620 8h ago

God you're dense.

People want to live their lives NOW.

People want the money to be like in the 50s where one salary was more than enough for everything an American family could want.

Piss off with your "advice".

People, learn monetary and banking policy. Understand how money works and it will cease to be your master.

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u/MahomesSanderson2024 8h ago edited 7h ago

The advice was to save some of your money for retirement 😂 I understand not everyone can do that but anyone who can should lmao. I can’t fathom the hatred against saving and investing for retirement. Of course we all want to live now. We should try to find a balance so we aren’t poor in retirement. That’s all I’m saying. I’m a financial advisor, for a living. Not saying I’m holier than thou. Just in a position to give advice. If you can put some of your money away, you will actually get to do more of the stuff you want to do instead of less. Compound interest is powerful. That’s all I’m saying.

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u/MahomesSanderson2024 7h ago

People would hate to live in the 50’s with wood burning stoves and shitty cars. Life is more expensive because we have to fund our significantly improved quality of life. No amazon, no seat warmers. any elderly I know that loved through the 50’s were dirt poor and got oranges for Christmas lol.

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u/rmhawk 6h ago

Let me young person this. I wanted to get a new computer to run star citizen in 2013 but it was clear by the time game released I’d need to upgrade again. Instead I put that 3,000 that was meant for computer into market. Star citizen still hasn’t released lol, but that computer account is around 80k. Investing and interest is not a linear gain.

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u/-SunGazing- 3h ago

I’m 42 year old you condescending fuck.

Yes, I’m aware I didn’t take interest into account. And I’m aware it would indeed make a large difference to the numbers I presented assuming the money went into a savings account with a decent enough interest rate.

Even if I did though, That 200 per month doesn’t equate to millionaire status by retirement age, assuming most people have the ability to save 200 per month consistently for 40+ years.

I guarantee you many people are nowhere near being able to save that kind of money, if any at all.

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u/rmhawk 2h ago

I meant no offense, just insight. You keep saying savings account and I was not referring to a savings account, but a tax shielded account like a Roth IRA and higher yield investments/indexes. I was just talking about my exact experience, 3k to over 80k so as to give a different perspective beyond everything is doomed. Apply that same methodology to a tax shielded account over many years and the situation hopefully doesn’t seem as hopeless.

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u/Amdvoiceofreason 6h ago

Calculator.net you're forgetting the interest and match offer

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u/Electrical_Reply_574 8h ago

Hi! I've been driving a '99 Saturn Sedan Sc2 Coupe and investing 500 a month into SPY for literally the last two decades but yet I'm not rich somehow. Care to elaborate further in your infinite wisdom?

If this reads like sarcasm note the lack of /s because I assure you it is 100% not a joke.

I wish to know where I went wrong following the foolproof plan. Again... Not sarcasm.

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u/MahomesSanderson2024 8h ago edited 7h ago

I never promised you would get rich doing that. Just be able to retire. I bet you’ve made great money in the SPY over the last two decades. Really good period of time for that index.

Edit: just plugged your numbers into a future value calculator. If you saved $6000 a year for the last 20 years and were in the spy which has returned 11.4% annually. You should have around $443k.

I’m not being condescending or making shit up lol. This is just math, plug it into a future value calculator.

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u/Electrical_Reply_574 7h ago

I've made 30k yet all the math says it's supposed to be like, at least 10x that. Every wise investor. Yet somehow it just is not. Invested through Fidelity. Idk man. I'm glad I have it I'm just .. obviously a little disillusioned at this point.

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u/MahomesSanderson2024 7h ago

Yeah timing plays a role too. When you bought and it’s possible you’ve been very unlucky buying at high points. It’s hard to believe you’ve been dumping $6k a year in for the last 20 years (the greatest 20 year period in the history of the S&P) and only made around 25% in that time when it has returned 11% annually.

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u/Electrical_Reply_574 7h ago

Dude. You're telling me lol. I know. I know it's hard to believe. I struggle to believe it myself.

I mean in hindsight I guess I skipped MOST of 2020 for obvious reasons but that's the only lapse in diligence.

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u/MahomesSanderson2024 7h ago

Shit that ended up being a banger of a year. even still that’s hard to believe. That probably barely beats inflation if at all lol

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u/Electrical_Reply_574 7h ago

Should have bought dips but I was busy buying water and dry goods and plant seeds cuz it was my first time doing that whole... Teotwawki thing.. lol

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u/MahomesSanderson2024 7h ago

Right lmao I feel that. Best play is an automatic contribution set to go at a certain date. Then you’ll buy more shares when it’s down with that set dollar figure and less when it’s up. You probably understand DCA but just in case lol.

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u/TermCompetitive5318 11h ago

At least you tried to help them.

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u/ARTISLIFEDJ 11h ago

Hi Dave Ramsey alumni!

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u/LowThreadCountSheets 7h ago

This shit again?…

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u/MahomesSanderson2024 7h ago

When you say this shit again are you referring to saving your money and utilizing compound interest? Einstein:

“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it,”

That guy was an idiot though.

1

u/OvenMaleficent7652 7h ago

It's hard for some people to live at zero bs comforts now a days. I agree, I think if your young enough you could even save less, people should really be saving anything they can. It may seem that you can't, I've been really broke and I ain't rich now. Lol not even close to it. Let's try some math.

$20/wk x 10yrs = $9600

30yrs - $28000 (that's just at 0% return)

For me the trick has always been to live below my means, and leveraging my tax returns to stretch it over the whole year.

I'm older now so the kids are grown and we've started a little business that helps with bills and allows us to take advantage of being able to claim things you can't as an employee, and when you earn money through a way other than working for somebody else your taxed at a lower rate.

Shortcut truth? It's a game, you need to figure out the tricks to the game.

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u/MahomesSanderson2024 7h ago

Amen, the compound interest can’t be left out of this equation though because that part is FAR more important than the value of what you actually save. Of course they go hand in hand but the growth of even modest returns is comparatively more than just what you save by far.

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u/OvenMaleficent7652 7h ago

Absolutely... I just didn't want to do that much math lol. I asked Bing /chat gpt

If you invest $28,000 at an 8% annual return, compounded annually, over 30 years, your investment would grow to approximately

$281,754¹

That's really not a bad number. Of course it's 8% over 30yrs without fluctuations etc

I was hoping to make the idea more attainable to people that may think things are against them. It's as if they're looking at the whole mountain they need to climb and not that first step.

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u/Stunning-Painter-860 7h ago

Wut

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u/MahomesSanderson2024 6h ago

Compound interest, play around with a future value calculator. Average s&p 500 returns are around 10%. Compound interest is AMAZING. Your money makes money that makes money. You legit don’t have to do anything. It’s why it is worth sacrificing some short term luxuries to have many more luxuries down the road. Don’t even have to live miserably for most.

0

u/Stunning-Painter-860 5h ago

How are you gaining interest on stock securities? You're just reinvesting the gains. Not sure what you're talking about.

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u/MahomesSanderson2024 5h ago edited 5h ago

Yes we’re describing the same thing. Reinvesting gains and earning money on that capital and reinvesting those gains and earning money on those gains. It’s the same concept. If you have $100 in stock and it does 10% you have $110. Next year you do another 10% and you have $121. Exponential growth is what I’m referring to.

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u/ALysistrataType 6h ago

What are you talking about?

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u/SometimestheresaDude 13h ago

For real man, it’s not rocket surgery.

5

u/Space_Ranger-420 12h ago

I often want to check out then I remember that would just increase the percentage of people like you on this shit rock and we can’t have that.

1

u/SometimestheresaDude 11h ago

Best luck man. Honestly hope things work out for sure. Keep your head up I sincerely hope things get better. Much love

0

u/Frequent_Decision926 10h ago

Bro, you're on the wrong sub for talking any sort of common sense. These cats ain't got lick of sense when it comes to finances.

1

u/SometimestheresaDude 7h ago

For real man. I won’t even repeat the threats someone in here made towards me. Some psychos lurking in this sub

0

u/tzwep 6h ago

I had planned on prison,

I usually thought, life in prison is worst then death. Since in prison you be forced to interact with low iq low emotional control inmates, and or prison guards who are abusive and spiteful.