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Posted on 3/10/25 at 11:40 am to Slingscode
quote:
Dividend reinvestment will make you rich
That’s why I hold 1,000 shares of JEPI
Posted on 3/10/25 at 11:40 am to TigerTalker142
Interesting take on the impacts of wealth inequality.
You should be ashamed of yourself.
You should be ashamed of yourself.
Posted on 3/10/25 at 11:42 am to TigerTalker142
So many comments within minutes of a 20 minute video haha.
If you were to actually watch, the point is that yes while some portion of society will make enough to support them through retirement and in some cases will even have some money left over to pass on. The path we're increasingly on is that those individuals are becoming fewer and fewer. The cause proposed is that increasingly finite resources and hard assets are being continually bought up by the ultra wealthy, who are growing their wealth faster then the economy can innovate/grow. So they just cannabilze what was previously owned by the middle class.
If you were to actually watch, the point is that yes while some portion of society will make enough to support them through retirement and in some cases will even have some money left over to pass on. The path we're increasingly on is that those individuals are becoming fewer and fewer. The cause proposed is that increasingly finite resources and hard assets are being continually bought up by the ultra wealthy, who are growing their wealth faster then the economy can innovate/grow. So they just cannabilze what was previously owned by the middle class.
This post was edited on 3/10/25 at 12:04 pm
Posted on 3/10/25 at 11:43 am to msutiger
quote:
Wealthy people and groups are now pivoting towards fixed assets like housing,
Real estate investing has one big drawback, property tax. You don't actually own land, housing, etc., you rent them from the govt. They can always raise the rent.
Posted on 3/10/25 at 11:44 am to DCtiger1
quote:
Wealth inequality? Wtf is that shite.
A new variant on "income inequality" which is essentially an argument for taking money from those who make it and dole it out to those who don't. Sound familiar? It should.
Posted on 3/10/25 at 12:01 pm to NC_Tigah
People that really know how to invest don’t pass on the secrets to the people that don’t.
We don’t want others driving the price of real estate any faster than it goes up now
We don’t want others driving the price of real estate any faster than it goes up now
Posted on 3/10/25 at 12:04 pm to TigerTalker142
quote:
The cause proposed is that increasingly finite resources
you think money is a finite resource?
quote:
he point is that yes while some portion of society will make enough to support them through retirement and in some cases will even have some money left over to pass on. The path we're increasingly on is that those individuals are becoming fewer and fewer.
Because less people are willing to make the sacrifices necessary to do so. It isn't because of other more wealthy individuals.
Posted on 3/10/25 at 12:08 pm to TigerTalker142
quote:my 401k says otherwise.
Compound Interest Will Not Make You Rich
Posted on 3/10/25 at 12:22 pm to Zgeo
quote:Dropping $200/wk into the S&P 500 starting 30yrs ago would entail $312K in total contributions, and a portfolio value ~$1.8M.
People that really know how to invest don’t pass on the secrets to the people that don’t.
Posted on 3/10/25 at 12:24 pm to DCtiger1
quote:
you think money is a finite resource?
No, but many assets purchased with it (such as real estate) is.
quote:
Because less people are willing to make the sacrifices necessary to do so. It isn't because of other more wealthy individuals.
You think someone who generates 10 million dollars a year passively just from owning assets (that may have been passed down to them from some other individual) produces 100 times more value through their individual labor annually and/or has sacrificed significantly more through their life then a person who makes $100,000 a year? Wealth allows you to generate signficantly more wealth with less actual economic input/individual effort needed from the individual. Not necessarily a great metric of how hard an individual has worked and/or sacrificed.
Housing prices outpacing wage growth isn't a function of people not working or sacrificing enough.
This post was edited on 3/10/25 at 12:27 pm
Posted on 3/10/25 at 12:28 pm to TigerTalker142
quote:
Interesting take on the impacts of wealth inequality.
Why should we all be equally wealthy if we are all have varying degrees of skill?
quote:
The cause proposed is that increasingly finite resources and hard assets
Examples you are referring to?
Posted on 3/10/25 at 12:29 pm to TigerTalker142
quote:
You think someone who generates 10 million dollars a year passively just from owning assets (that may have been passed down to them from some other individual) produces 100 times more value through their individual labor annually and/or has sacrificed significantly more through their life then a person who makes $100,000 a year?
I think it has zero effect on my ability to generate wealth. It's just another means to demonize the wealthy. Theres also no shortage of real estate in this country or in the world for that matter.
Posted on 3/10/25 at 12:32 pm to TigerTalker142
quote:
You think someone who generates 10 million dollars a year passively just from owning assets (that may have been passed down to them from some other individual) produces 100 times more value through their individual labor annually and/or has sacrificed significantly more through their life then a person who makes $100,000 a year?
What am I missing?? This reads like an argument for why the CEO shouldn't make more than an average employee.
If you're putting $10M to work it's going to go 100X further than $100k, all else being equal. Think of all the jobs that's creating, all the benefits derived from $10M of invested capital.
If you're arguing that a guy making $100k a year from his job is working more than a guy making $10M a year from passive income, it's going to be subjective & opinionated, because you're comparing apples to oranges
This post was edited on 3/10/25 at 12:33 pm
Posted on 3/10/25 at 12:35 pm to TigerTalker142
quote:
Housing prices outpacing wage growth isn't a function of people not working or sacrificing enough.
It's a function of inflation. Inflation is always a tax on the working class because their wages don't keep up. Whenever anyone extols the virtues of inflation, using whatever distorted narrative or "facts" they can devise, they are supporting a tax on the lower and middle classes.
Posted on 3/10/25 at 12:35 pm to TigerTalker142
quote:
Not necessarily a great metric of how hard an individual has worked and/or sacrificed.
How “hard” someone works has zero correlation with wealth creation.
Talent, intelligence, desire, perseverance, risk tolerance, and even luck have way more to do with that.
Posted on 3/10/25 at 12:41 pm to msutiger
quote:
Wealthy people and groups are now pivoting towards fixed assets like housing, which artificially drives up the housing market.
In the short term. Thinking that RE only goes up is 2007-2008 thinking.
Posted on 3/10/25 at 12:47 pm to TigerTalker142
Normal people should strive to do better for each generation of their family. That requires a few generations to not live for the day and make sacrifices.
Too many people have zero interest in the above.
Too many people have zero interest in the above.
Posted on 3/10/25 at 12:47 pm to tigerfoot
quote:
If you save yearly starting at an early age in short order you are seeing your nest egg grow.
And the key to saving a lot of money is all tied to the difference between a 'want' and a 'need.' You save a ton of money by NOT buying stupid stuff. This is something women have a real problem with.
Posted on 3/10/25 at 12:48 pm to DCtiger1
It's not demonizing the wealthy, just pointing out that your intial point that people aren't wealthy cause they just haven't sacrificed or worked hard enough doesn't make sense.
We all recognize the price of many assets are outpacing wages and have been for decades. Which implies it's becoming increasingly hard to buy the assets used to generate or sustain wealth with the same level of output or effort of prior generations. While you may think it hasn't impacted you, it has, it just hasn't impacted you enough for you to care yet.
We all recognize the price of many assets are outpacing wages and have been for decades. Which implies it's becoming increasingly hard to buy the assets used to generate or sustain wealth with the same level of output or effort of prior generations. While you may think it hasn't impacted you, it has, it just hasn't impacted you enough for you to care yet.
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