My friend has been CRUSHING it at work. Last year he was averaging $6500 a month. He put in the work, he literally has been following the top guy every day/learning...and now he just made $11,500. Then he got his paystub. Check this out:
After a 10% contribution to a 401k he made...wait for it...$7,000. He did not understand how big taxes are. For all the people reading, if your income doubles, you are maybe making 70% more money if you stay frugal.
He has a crazy cheap deal on his apartment in so cal for $2,000, his base car is $500, gas is $200, insurance is $150, utilities are $150. His basic expenses without food are $3,000. So he has 4,000 to eat, go out, live life. Oh yeah to invest also. I'm not saying he's poor/people should feel bad for him, I'm saying this:
For all the people hoping for a stock market/housing crash, I think you need to understand the amount of entitlements that have been promised to a growing and growing amount of old people. All these old people and the debt is going to literally crush us.
There is hope maybe in 15 years technology can help-maybe robots can actually get to the point where the cost is very little to get a lot -but until then, it's going to be printing. Literally taxes are high, debt is high, rates are low (historically). They are just going to print.
Holy fuck.
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