re: When Did “Difficult” Become “Impossible”?

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I could make a very long list of challenges we are going to face within the next 30 years that did not exist 30 years ago. I won't because some of those challenges may be perceived as political, and I hate politicization of the money board topics.

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c'mon man you gotta do it now

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Nowadays, young people have tons of resources to manage their money. My parents lived in a generation where the company pension was there for their retirement. They didn't have to think about it.

If you don't have the discipline to forgo the nice car, new boat, or frequent dinners at restaurants in exchange for a secure retirement, it will be tough.

I think this topic is going to dominate our politics in about 10 years, as more and more people reach retirement with now money because they spent their entire adult life managing a lifestyle they couldn't really afford.

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Why is society and our economic system geared to having the most money, resources on the downhill slope of our lives from 55-75 instead of prime 25-50?

Our govt system is built around rewarding passive economic activity instead of the ones actually building and running the economy.

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fact that a dollar invested today very well will provide less of a marginal financial benefit later in life for the current generation of young investors than it would have for the 40+ crowd.

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This statement holds true for all in past / present / future where inflation is >0%.

Why every generation past / present / future are wise to invest early and often.

For the today crowd, $1 invested today creates about 4.3X more real purchasing power, and the marginal real financial benefit is $3.32 of inflation-adjusted wealth (@ 8% return, 3% inflation, 30 yrs).

It’s better to be on the cash generating assets team than the consumerism team (Richest Man in Babylon s/b required reading for MB).

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This statement holds true for all in past / present / future where inflation is >0%.

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Obviously. I'm talking more to ROI < inflation or lower ROI / inflation scenarios relative to the last 50 years.

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I meant that our lives were better when we were hunter gatherers

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I never understand this logic. There is absolutely nothing stopping you from moving out to the boondocks and living a hunter gatherer lifestyle. Go join that north sentinelese tribe that is slinging arrows and running around naked.

The beauty of innovation is it gives you optionality.

I can go play golf and slam transfusions if I want. I can go hunt if I want. I can go on a boat and fish if I want.

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I never understand this logic. There is absolutely nothing stopping you from moving out to the boondocks and living a hunter gatherer lifestyle.

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Except for the irs and the game warden and the fact that all of the rivers are poisoned

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Also, in theory the government doesn’t define our rights or economics.

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lol, key words "in theory" but we live in reality

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Why do we pay healthcare cost for a 65 year old but not a 5 year old or a woman to have a baby? That kind of injustice?

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You may need to sit this one out. Medicaid pays healthcare for all uninsured children, even those that are not officially citizens. Medicaid also pays for more than half the childbirths in this state, and probably most others. …the injustice of it all.

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Why do we pay healthcare cost for a 65 year old but not a 5 year old or a woman to have a baby?

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I would rather pay for the 65 year old because the only people having kids for the most part are the undesirables of society

There’s a very simple way to save the healthcare system but it would upset women

You think the boomers control everything? Wait til you hear how a big chunk of the male population supports immigration because women get sad when they see a picture of a Mexican kid with dirt on his face

I’ve posted this before but it’s amazing what just changing a very small contribution can do.

I’m 24 years with the same company and for the first 12 years I was putting in 3% into a savings account in my 401k

In 12 years I had grown it $25,000 with 3% contribution. One day I was listening to a co worker saying his balance was up 20% on the year. I opened mine and said I was under 1% and he took a look at my 401k and said I was a dumbass, so I had him change my stuff to match his. I also doubled my contribution to 6% to get the full company match.

Fast forward a year or two later and I started investing in other avenues outside my 401k and will end up with more in my brokerage than my 401k, wfie’s 401k, and IRA’s combined.

One of my biggest regrets was not doing 6% and being in the market from day 1. I missed out on a lot of gains but making up for it now. The good news is I’m 44 and within 5 years I’ll see where I’m at and see how long I want to work from there.