The Algebra of Wealth

[initforme]

Some people don't like for others to make choices they wouldn't make. We see this in all sorts of things.

Exactly. They're for freedom as long as it's according to their beliefs. The old days of graduate, get a job, get married, have kids wash rinse repeat doesn't work for a growing number of people. Not a bad thing just a shift.

 

[Toddsterpatriot]

A judge will determine that if they can get the time off work to show up for the hearings.

If they even bother to show up several years from now.
That's why we need to reject their fake claims at the border.

 

[Toddsterpatriot]

Why if we need the workers? Vet them and let them in if they pass.

If we don't, here's what's going to happen. Republicans will just start importing them legally.Making it easier for them to apply and get in from Guatamala or Columbia. They don't want it to come to that but if illegals stop coming, you'll see. Legal immigration will just happen. Which is fine for me. Make it easier for them to apply for citizenship and let them in. We need them. We are not having enough kids. No way to fix that without immigrants. What's the problem?

I actually LOVE the low birth rate. We are overpopulated I hope we gradually go down to a number of humans that this planet can sustain. So I'm actually happy the birth rate is going down.

There are 8 billion humans on this planet right now. Think ahead 100,000 years from now. Do you think humans on earth would be better off with 4 billion humans or 16 billion. Be honest.

Why if we need the workers? Vet them and let them in if they pass.

If we need the workers we should have a temporary worker visa program.
Vet them before they come, send them home when their visa expires.
No need to allow millions of unknowns into the interior.

Republicans will just start importing them legally.Making it easier for them to apply and get in from Guatamala or Columbia.

They'll exclude Chinese and Muslim illegals? Sounds great.

Think ahead 100,000 years from now.

We'll have fusion and space-based industry.
The planet could support 100 billion. A trillion.

 

[pknopp]

If they even bother to show up several years from now.
That's why we need to reject their fake claims at the border.

You have no idea whether that they are fake claims or not.

 

[Toddsterpatriot]

You have no idea whether that they are fake claims or not.

What does a real claim look like?

 

[pknopp]

What does a real claim look like?

Ask a judge. I'm not one.

 

[Toddsterpatriot]

Ask a judge. I'm not one.

Looks like less than 1% of Biden's illegals.

 

[ding]

Every fiscal policy over the last 30 years has been nothing but a transfer of wealth from the young to the old.

Capital gains and mortgage interest tax cuts for example. Who benefits from this? The old.

The average 70 year old is 72% richer than they were 40 years ago. The average 40 year old is 24% less wealthy than 40 year olds were 40 years ago.

Child tax credits get taken out but increase of living payments to social security.

Put more money in the pockets of young people.

60% of people 30-34 had kids. Now it's 27%. Young people are opting out of having kids.

Young people are the most obese, depressed, anxious, suicidal generation in history.

https://www.amazon.com/s?k=the+algebra+of+wealth&hvadid=695026281111&hvdev=c&hvlocphy=9017009&hvnetw=g&hvqmt=e&hvrand=15881484642521235717&hvtargid=kwd-2097069658924&hydadcr=3406_13743911&tag=googhydr-20&ref=pd_sl_9kal3xk52c_e&tag=usmb-20&tag=usmb-20&tag=usmb-20

Would you like for government to regulate wages, prices and profits?

 

[sealybobo]

I applaud your choices because you did what you needed to do. Capitalism is all about making money. So less people are having no kids to make more money. Then many say "they're selfish" and being child free is bad. There's alot of criticism of Dual income no kids. Why?

Capitalism wants more consumers and growth.

I asked someone the other day if they prefer the population double or cut in half. I think the human race and the planet overall will be better off if we not double.

But capitalism would say double.

 

[initforme]

Capitalism wants more consumers and growth.

I asked someone the other day if they prefer the population double or cut in half. I think the human race and the planet overall will be better off if we not double.

But capitalism would say double.

People don't have kids for the sake of capitalism.

 

[sealybobo]

People don't have kids for the sake of capitalism.

True. It feels like when my dad was young, young men wanted to find wives and some of those guys wanted kids too. Some only had them cause the woman wanted them. And they didn’t like wearing condoms.

Today, the kids seem more immature compared to my father when he was 20.

Paying off College and buying your first home before you have kids is good advice. So at 35, do you really want to have a kid? Or have a kick ass life? Life is short.

I thought I was rare but a lot of us today don’t want kids. I took three buddies out on my boat yesterday. 3 of us have no kids. And we’re all in our low 50s. Don’t want one now that’s for sure. Selfish? Yes. It’s all about me

 

[sealybobo]

People don't have kids for the sake of capitalism.

I also think guys are waking up. Divorce sucks for men. Paying for a woman and child living with another man? No thanks.

 

[initforme]

True. It feels like when my dad was young, young men wanted to find wives and some of those guys wanted kids too. Some only had them cause the woman wanted them. And they didn’t like wearing condoms.

Today, the kids seem more immature compared to my father when he was 20.

Paying off College and buying your first home before you have kids is good advice. So at 35, do you really want to have a kid? Or have a kick ass life? Life is short.

I thought I was rare but a lot of us today don’t want kids. I took three buddies out on my boat yesterday. 3 of us have no kids. And we’re all in our low 50s. Don’t want one now that’s for sure. Selfish? Yes. It’s all about me

Not having kids is not selfish. It's a choice. One is better off not having kids if they don't want the responsibility.

 

[sealybobo]

Not having kids is not selfish. It's a choice. One is better off not having kids if they don't want the responsibility.

My brother literally told me I should have kids so his kids have more cousins. Can you believe it?

I asked him, “am I the greatest uncle yes or no?” He said yes. I said, “ do you think I’d care that much about your kids if I had my own?

And today, I have a pontoon boat. They come over all the time with their friends and take it out all the time. Would I have a pontoon and live on a lake if I had kids? Nope. Lol

 

[sealybobo]

Not having kids is not selfish. It's a choice. One is better off not having kids if they don't want the responsibility.

four variables in the algebra of wealth: focus, stoicism, time, and diversification.

Anyway, it’s not your income, but your income-to-expense ratio, that determines if you’re rich.

My brother is rich because the interest he makes on his money is more than enough to live on. His money is like a slave. It's out there working for him so he doesn't have to.

People conflate a lack of focus with a lack of talent. Intelligence and talent are correlated with success, but the strongest signal of future success is your perseverance and resilience: what the books in airport bookstores call “grit.” Unless you are supremely disciplined, your career will have to be something that gives you some enjoyment. But don’t mistake focus for your “passion.” People who tell you to follow your passion are already rich. Follow your talent. The accoutrements that accompany being great at something (relevance, admiration, camaraderie, money) will make you passionate about whatever “it” is.

Determine what you can and can’t control. You can control your reactions to temptation — a lack of discipline is the antichrist to economic security. Our society of superabundance makes this difficult. Billions of dollars are spent every year on schemes to manipulate our natural impulses into spending more money, consuming more fat, and believing everyone around us is more successful than we are. The upgrade from economy to premium to business to first class to private jet can seem like an investment in yourself — it’s not. The most powerful forward-looking indicator of your financial freedom is not how much you earn, but how much you save.

“Time is the fire in which we burn,” says the poet. It is our most inflexible and valuable commodity, the one thing with which you should not be generous. Squander money, you may earn it back. Squander time, it is gone forever.

Re investing: The long term is our ally, the short term our nemesis. The gangster authority on time, Albert Einstein, supposedly remarked that compound interest is the eighth wonder of the world. Yet our brains are not wired to understand this. When I was 26, I thought of being 46 as the distant, irrelevant future. Now that I’ve reached that age (actually I’m 56 … ugh), 26 feels as if it was last year. But small investments I made a decade-plus ago have grown into the base of my economic security.

In your life, focus is key. Plan A for financial security is being great at doing something the market values highly, and leveraging that into income and/or equity in a business. But Plan A squared is investments. And with investments, focus is to be avoided. Diversify and, unless your plan is to be in the finance industry, be sure that your time spent tracking/trading does not distract you from what is/should be your source of income and savings.

Investing over the long term pays out, but there are always dips along the way. Diversification is kevlar — with it, bad decisions will still hurt, but they won’t prove fatal. Diversification, in other words, is your bulletproof vest.