/biz/ - Business & Finance

>>16009831
Or own 10K link

I personally already have my retirement, and probably before 30 no less

>>16009831
>DUDE JUST SAVE HALF OF YOUR PAYCHECK FOR 40 YEARS LMAO

>>16009831

Lets be real here, most millennials are retards that are going to die broke, an will sooner destroy the country venezuela-style than take actionable steps to secure their own future.

NOT investing the majority of your income means you have a slave-caste mindset and are okay toiling away 50 years of your life force in exchange for bread and circus. The article says 50% is necessary because 1, taxes are going to go up (absolutely true, government from local to federal is mostly completely bankrupt right now, only being kept solvent by artificially low interest rates) and 2 that real returns in the stock market are only going to average 3-5% going forward (this is true, and will remain so as long as artificially low interest rates are able to keep zombie companies on stock exchanges solvent enough to lumber along).

If you are an investment Chad and know how to get annual returns of 10% or greater, investing 50% of your income will allow you to be financially independent very early.

>>16009831
imagine how debased the currency will be by that time

buying milk will be like $10

>>16009856
This

>>16009955

>wages stagnant for 40 years
>cost of everything exploding

It’s just those dumb millennials and their coffee

I work for the government. Jokes on you they already take half my paycheque to save faggots.

>>16009955
>more than half of people make enough money to even save 50%
The collapse is coming friend, find a way to extract.

>>16009831
this is ridiculously optimistic. If you measure value with usd over time you will never retire.

Retirement is not something that happens in a country that reduces people net worth by inflation to maximise their employment

Fuck that shit. I’m going to burn the candle at both ends and enjoy myself. What’s the alternative, end up in some nursing home with no family and no constitution for independent bodily functions? Cash out early, an hero in a decade or two and fuck this gay earth.

>>16009856
>tfw only 4k.

>>16009831
Fuck off amerishart, people all around the world save half their paycheck or more because they are fiscally responsible and have clear life goals that they are working hard towards

I've been saving 2/3rds of my paycheck since I've left school

>>16009831
>>16009863
>DUDE JUST SAVE HALF OF YOUR PAYCHECK FOR 40 YEARS LMAO
And that's the best case scenario. Once the next recession hits, it will take even more money for millenials to retire...

>>16009831
Exactly why I havent moved out and have thrown everything into btc. America is a 3rd world country

>>16010082
So how come you're still poor then?

>>16010082
what country are you doing this in? 40% of your paycheck already goes to taxes if you live in a cuckhole that says "shart", so you save 30% and use the other 30% to live off of? How much do you make a year?

>>16010085
Hopefully by saving, you actually mean investing everything beyond a 3 month emergency fund padding?

Right?

>>16009831
>save money
>avoid having a good time
>get sued
>lose all your money
>get cancer
>lose all your money
>get hit by a car walking on the sidewalk
>die rich

>>16009955
We are already taxed around 40% so tell me what you think people should do if government increases the taxes further? What’s the point in saving half a check or any of half is already taxed.

>>16010000
>>16010004

I actually agree with you both, wages are stagnant (thanks immigration and outsourcing), the cost of healthcare, college and housing is exploding (thanks government subsidies), most people are not able to save 50% of their income (thanks welfare for allowing the retards to breed).

3 egg omelette with spinach tomato and cheese with a cup of high quality coffee costs me a grand total of 75 cents every morning. I eat like a king for less than $7 a day, learn to cook motherfuckers. There is no kumbaya bullshit in the corrupt system we have here. There is no help coming. Learn how to get the vile grip of consumerism out of your life. Learn how to legally pay as little tax as possible (I paid negative $2000 dollars in fed taxes this year despite owning 3 multifamily rental properties).
Learn to be an economic viking, or get raped and pillaged by the pirates that run this country.

The light that burns twice as bright burns half as long.

>>16010144
we'll die young and boomers will live on as cyborgs

they will always win

>>16009856
BASED AND HE CUTEpilled

>>16009831
>there are people who don't save 50% of their paycheck
Do people like this seriously exist? Right now over 90% of my salary is automatically put into VTSAX. Why do people not save?!

>>16009963
buying milk is already like $10 in canada
it really is too which is the shit part

>>16010128
40-50% taxes are for goyim slaves that dutifully regurgitate everything they learn in children's public prison after which they move to a place like california and become a lawyer or similar white collar job category that is totally imprisoned by regulation and without useful tax exemptions. I work in manufacturing and real estate and have a negative federal tax bill this year.

>>16009955
DIE BOOMER DIE BOOMER MOTHERFUCKING DIE
DIE BOOMER DIE BOOMER MOTHERFUCKING DIE
DIE BOOMER DIE BOOMER MOTHERFUCKING DIE

>>16010214
I should clarify, I own my own businesses that allow lots of exemptions and pass through deductions.

>>16010218
sorry fag, I'm also a millennial, just telling it like it is.

>>16010135

based. there is nothing wrong with bleeding the leviathan. cheat your taxes whenever you can get away with it and take any gibsmedats you can.

>>16010223
I own an S corp, new tax law had my income tax go from $24k/yr to 6k.

>>16010174
>Do people like this seriously exist? Right now over 90% of my salary is automatically put into VTSAX. Why do people not save?!


Do you know what poverty is? It's only possible to save 90% of income if your living expenses somehow amount to less than 10% of it. If you only make 40k per year, 30% goes to housing, 8-12% to taxes, and god knows how much to student loans, cars, children, or other bills.


Saving 90% is only possible if you're single and live with your parents and literally have no friends or hobbies. The other alternative is that you make like 100k and live like a monk. Which is it?

>>16010120
Fucking lol
This whole system is a scam

>>16010174
Describe your finances right now

>>16010330
Have a few mil in index funds and I make 6 figures a year, paid off all my debt and have no liabilities (nor do I expect to take on any in the near future). I am frugal and spend way below my means.

>>16010268
Yeah I guess most people are suckers. I don't plan on getting into a relationship or having kids anytime soon though so I'm good. My hobbies are not expensive at all. I travel a lot but even that's not so costly because I don't go to lavish resorts or anything like that.

>not being an entrepreneur
>not having a valuable skill to sell via contract jobs
>having no side hustle
People like this were going to live as faithful attendees of the bread and circus regardless of the economic outlook, they are destined to be consumer slaves and die poor, surrounded by immigrants in a nursing home.

You can either accept reality and profit from human nature or be subject and victim to it. The choice is yours, mediocrity is self inflicted.

>>16009856
Fpbp

>>16009955
>everything is shit and greedy faggots raided everything but it's still YOUR FAULT MILLENIALS
>just make 10% gains a year every year lmao

There are people who legitimately think like this.

>>16010358
>doesn't have a life
>brags about savings when he's never going to use it anyway and die alone

>>16010358
>>16010384
desu what is the point of having money if you're going to hit your 30's having done pretty much nothing with your life but work? goodluck buying a time machine to go back and enjoy your youth

>>16009831
Saving even 70% of your paycheque should be easy, never mind half. You're a retard and deserve to fail.

>>16009955
Great post.

>>16010000
Wages are stagnant because, yes, dumb millennials buy stupid shit, but more importantly because dumb millennials vote for government meddling in people's finances to a great degree. And they deserve to be poor, and so do you.

>>16010082
Great post

>>16010085
Based.

>>16010098
Millennial voting habits invite recession and they deserve to starve.

>>16010120
>he requires spending money to have a good time
LMAO

>>16010174
Based

>>16010218
You deserve to starve, retard

>>16010236
Based

>>16010268
>Do you know what poverty is?
I can just tell you're going to say a bunch of retarded shit.
>If you only make 40k per year, 30% goes to housing
Okay.
>8-12% to taxes
Okay.
>and god knows how much to student loans
Don't take out loans that financially cripple you. You deserve to starve, retard.
>cars
Don't buy a car if it contributes to financially crippling you. You deserve to starve, retard.
>children
Don't start a family if you don't have financial freedom. You deserve to starve, retard.
>or other bills
More like "other ways I tighten the noose pointlessly". You deserve to starve, retard.
>Saving 90% is only possible if you're single and live with your parents and literally have no friends or hobbies. The other alternative is that you make like 100k and live like a monk. Which is it?
The other alternative is not being a retard (see above).
>>16010381
>everything is shit and greedy faggots raided everything but it's still YOUR FAULT MILLENIALS
MILLENNIALS VOTE FOR THIEVES. You deserve to starve, retard.

>>16009856
fpbp, same. fucking poorfags lol

>>16009831
Based boomers robbing us of everything.

As if I’m planning on making it to retirement

>>16010412
Agreed, Amerisharts have no excuse for not saving their money. In Canada food costs are through the roof and our taxes rape half our earnings. Yet amerisharts still can’t resist buying useless shit and complain about being poor. They have way more opportunities than anyone else in the world.

>>16009831
Why do people think that, though? The math is always fucking wrong for these articles.

If I make $150,000 per year, clearly I don't need to save as much of my paycheck as the fucking losers out there making just $30,000 a year or some shit.

>>16010268

In poverty or not in poverty, its still 100% in your hands whether or not you die broke. If you are making shit salary, its it up to you to figure out how to make more money (unless you have a sub 83 IQ, in which case you probably would struggle to even read what im typing).

How come you never see poor people who are really fit from eating cheap home cooked healthy food and riding a bicycle to and from work. How come poor people are often fat slobs sitting in their $249/month leased Mitsubishi in the mcdonalds drive through waiting to get a pile of overpriced shit to consume?

>>16010405
>die alone
I've never been alone for an extended period but I have no intentions of getting into a long-term relationship. As my for money I will probably put it into a trust and leave it for my sister's kids or something like that down the line.
>>16010384
Well for one my work is highly enjoyable and I'm not working the typical 9 to 5. I have plenty of time to pursue my own interests and my quality of life is very high.
I'm not interested in doing anything that requires too much face-time with people like being an entrepreneur.

>>16010448
Yep, I'm in Canada too. They have a great president who's contributing to a lot of financial alleviation and they still can't save. Fucking pathetic retards.

I'm still saving over 70% of my income but fuck Trudeau - deserves the rope. I'd be saving even more if not for these bleeding heart retards.

>>16010448
>>16010462
You’re out of touch, making generalizations about vast regions that you have never even set foot in

>>16010448
>>16010462
>my life as a Euro/Canacuck sucks so you burgers can't complain when your nation is headed our way
kys

>>16010481
Name me a specific criticism to a specific point I made or fuck off, you boring retard.

>>16010456
>cope

>>16010361
Underrated. Wagecucks never know

After starting my own business, my viewpoint on it all changed.

You can just fall into 200k income with a good business. Of course, you can also lose 200k and kill yourself.

But this wagecuck grind/slave for15 years to make 150k salary bullshit is, well, slavery. You can huge business and full-time job. I am (albeit I am suicidally depressed from it)

>>16010492
You admit that we're worse off when it comes to policies, yet I still found a way to save over 70%.

And I never said you can't complain - just shot down every reason thus far in service of a complaint. And no, you're not headed that way - you don't have a commie for a president. He's alleviating a lot of financial underpinnings for all families.

Oh, and you're a retard.

>>16010412
>Millennial voting habits invite recession and they deserve to starve
Are you this retarded on purpose or accident

>>16010495
>They have a great president who's contributing to a lot of financial alleviation and they still can't save. Fucking pathetic retards.
Nothing has changed for american millennials in the past 10 years, except for younger millennials coming of age and adding more workers to the workforce.

I do save half my paycheck at least. And I also make a lot more than the typical millennial does. I work with people who make more money than me and live paycheck to paycheck. Most millennials are just really bad with money and cover it up by complaining about muh debt and muh bad economy.

>>16010513
The only reason commies like AOC and Bernie and Yang are popular are because of millennial retards.

You're a retard. Get ass cancer.

>>16010412
>don't buy a car
How will I get to work which is 40 miles away
>don't have a child
Too late fucker now what

>>16010524
Guess what retard, socialist fringe politicians are not the power brokers in our economy

>>16010524
They’re most popular with tail end of gen x you absolute brainlet
They’re also not the reason a recession is coming. International banks and QE which continually devalue the dollar causing runaway inflation will lead to eventual collapse and there is NOTHING we can do about it.
>muh voting
Like that matters. You think Trump was allowed to be president because he’d actually fight the global elites? Lmao

>>16010499
Cope what? I've made it already, I get money from my customers, I get money from my tenants, I get money from my paper investments, I even get money from the government. I'm just hear to talk facts to anyone that wants to hear it.The journey to financial independence always seems impossible to those who never dare take any steps to get there.

>>16010542
You have a literal healthcare act that contributed to financial crippling for a great deal of people and it's the platform on which a commie nigger was elected. Did you forget that already, retard?
>>16010538
>How will I get to work which is 40 miles away
Move close to work or in a diameter that lends to job opportunities and take public transit, retard.
>Too late fucker now what
You should've just led with that question and proved you're too retarded and weak willed to change your retarded habits. Hope your kid gets cancer so we don't get another pseudo welfare queen like your bitch ass.

Did I mention you're retarded?

>>16010361
Absolutely this. The number 1 common trait I see in people who vote for socialists is that they over-identify with their line of work. They have zero ambition to become financially independent, they've internalized this narrative where they are irrevocably underclass and can never be wealthy, so they don't even try to build wealth. They instead deliberately keep themselves impoverished with poor spending habits and do the bare minimum to maintain their lifestyle. They demand higher wages for the same menial work because prices are going up but they refuse to acquire skills or build wealth to survive it.

>>16010135
ok what do you eat for lunch and dinner, i can't figure out a cheap healthy meal, beans maybe? iv'e heard beans have everything you need

>>16010579
>You have a literal healthcare act that contributed to financial crippling for a great deal of people and it's the platform on which a commie nigger was elected. Did you forget that already, retard?
Yea and you think a socialist wrote that? That bill was written by and for the insurance industry you mong

>>16010579
US health care is fucked because of Jew money
I understand your hatred of commie niggers but if you can’t properly asses what’s wrong then just don’t fucking speak, ya know

Boy I wish gold bottoms so I can stock up.

>>16010596
Hey, dirty commie. Don't try to get off topic. I don't care by whom it was written. It was championed by a dirty commie nigger like you, and a bunch of retards who deserve to starve, like you deserve to starve, crowned someone based on a dirty commie nigger plan. Which is perfectly consistent with my original point.

Retard.

>>16010640
Tripfag troll
Sage

>>16010000
Checked

Lmao, but I won't need to save anything? In a few years when we vote in a socialist government we'll take 90% of you rich peoples money to live.

So thanks for making lots of money today for me to vote into my pockets in the tomorrow /biz/? Lol

>>16009963
Isn’t it already? (San Francisco)

>>16010004
unironically taking all of the equity out of my home and buying gold and crypto. I want to carry debt right now so it either gets washed away by collapse or at the very least I can pay it off for 1btc after hyperinflation

>>16010586
I typically dont eat lunch, might snack on mixed nuts, kiwi fruit, bananas, or melted cheese and fresh sliced pepperoni on rye toast, etc... if I really need to eat something. For dinner, I make something I can cook in bulk and eat several meals. For example, one of my favorites is making Japanese style beef curry and rice, slow cooked in a crock pot. With a pound of fresh beef, it costs around $10 to make 5 or 6 really filling meals. Cooking with onions, carrots, potatoes, beans, mushrooms etc goes a long way in making cheap healthy food. Slow cooking and proper use of salt pepper and spices make it taste delicious.

The only drinks I consume regularly are Coffee, green tea, and water, so never more than a maybe 10 cents a drink.

Back when I was poor (and of poor mindset), I was blowing $100-175 a week on garbage food from all the typical take-out places you would imagine. Now I spend $35-50 a week, except if I treat someone I care about to a meal. Way healthier to boot.

>>16009955
debased and deredpilled

>>16010776
WOW! Great biziness.

>>16010673
Another retard scurries away from an argument when called out for being an off topic retard and a scumbag - go figure.

Hope you get ass cancer following the obvious brain cancer you already have, retard. I win. Fuck you and good night.

>>16010556
Fucking based

>>16010731
>we'll take 90% of you rich peoples money to live.
LMFAO no you won’t nigger.

>>16010556
funny how the namefag didn't reply to this. still believing in the left / right dichotomy is retarded. the 2016 election and Trump's whole presidency should have taught you something - everyone is on the take.

>>16010810
>cook your own shit
>improve financial wealth
>improve health wealth
>improve work performance because your body and mind arent dying from poor diet.

unironically, it is good business. This is partly why rich people are skinnier than poor people on average.

>>16010511
I have 6 figures saved, that doesn't mean I can't still complain. If it wasn't for the government it'd be half a million by now.

>>16009831
You think chile, Venezuela, Hong kong, france were bad? Wait till the burgers have nothing to lose. Then again the millennial generation is nothing but cucks and soýaboys

>>16009831

Smith & Wesson retirement plan.

Put the capstone on life by capping as many of those (you know who I mean) responsible as possible before capping yourself

>>16010412
Boomers have no real arguments. Ill further rip your anus to pieces

44% of 22-27 yr old college grads are underemployed (inb4 just do computer science as if everyone is capable of that. Even they have like a 24ish% underemployment rate for 22-27 yr olds: https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html
Think about that. NEARLY 1/4 cs graduates aged 22-27 will be underemployed (don't know how it evens out over time. Still not amazing though. It's around 34% when including all ages and all majors). Also 1/4 college grads make highschool wages.
7/10 graduate with 29k+ in debt.

78% of full time workers live paycheck to paycheck ( *LITERALLY one paycheck away from homelessness and that is basically poverty* ). *42% of americans will retire broke* (so you give up the best years of your life being someone's bitch just to retire with nothing), 57% of americans can't afford an unexpected 500 dollar bill, 50% of renters are cost burdened (spend over 30% of their income on rent. Half of those spend over 50% of their income on rent), 30% of metropolis city jobs (where most jobs are created) pay hardship wages (not enough to move out with) and 32% pay livable wages (basically poverty) which leaves 38% that are decent (I say decent because you also have to take into consideration the toxicity of work culture. Also, some jobs ONLY pay livable or up BECAUSE of the hours put in. For instance, the average american works 47 hours a week. 49% work 50 hours or more a week. Both of which inflate the wage stats into looking better than it actually is), etc.

let me guess, statistics are fake news created by the illuminati? Get turned into dust

>>16010887
The people I'm identifying as retards involve those who maintain a lifestyle geared around savings is not possible under the current economic climate.

I, too, submitted the same grievance as you about a) being able to maintain a high savings rate while b) knowing it would be even higher if not for dirty commie niggers and the fucking retards who vote for them.

>>16010135
>Learn how to legally pay as little tax as possible
Working on it. Seems like the best way is with depreciation of real assets?
Are you in debt on the 3 multifamilies?
My goal is either fanagle it into something like you have or just say fuck it and move to a country home, raise my own food, collect water, have another kid, and check out of this society.

>>16010939
I literally destroyed your anus, grandpa. Take responsibility for your generation's actions.
Truth hurt, don't it?

>>16010939
I use numbers. You don't. Clear winner of the argument is me. So much for your username. Maybe your username is satire? Only way it could make sense.

>>16010938
Great job invoking statistics when you can't even bother to granulate them.

It's like telling me a high % of people have herpes, when if you granulate that statistic, you can identify clear behaviours that contribute to the statistic, and just as importantly, clear statistics to demonstrate the safeguards of those who aren't burdened by the ailment.

You're lamenting about retards who took loans without plans and who created families and other fixed (and variable) expenses without plans, because they're retards who deserve ass cancer like you.

Now fuck off - I win as usual, you stupid nigger.

>>16010948
>>16010960
>being this proud of invoking statistics without being able to granulate nor associate responsibility toward their concentric circles
Once again, I win and go get ass cancer, you 12-year-old retard.

>>16010987
>dur hur behavior
literally the ONLY time you can argue for this is the 78% of fulltime workers living paycheck to paycheck. You LITERALlY cant argue your bullshit with ANY other stat I mentioned :) FAIL. In other words, all the other stats give you a 100% clear picture :) Sorry, fag.

Secondly, to give you context, before trump, 50% of fulltime workers lives paycheck to paycheck. Now its 78%. Dont bullshit me that was all due to "people being stupid with their money".


Sorry boomer. You cant just say "stats bad" every time it goes against your views.

Me 2
boomer 0

>>16010987
aww looks like im getting under your skin because deep down you KNOW I am right.

Unlike you, I use data. Sorry. Data > blabbering random shit and making baseless assumptions then calling that a "win" lol.
Absolutely btfod

>>16011007
>literally the ONLY time you can argue for this is the 78% of fulltime workers living paycheck to paycheck
Then you should say "I'm a retard for not considering 78% of people are retarded with their money and live without planning appropriately."
>You LITERALlY cant argue your bullshit with ANY other stat I mentioned :) FAIL
Yeah I can - college students are retards who don't consider the ROI on their investment.

...which I had already mentioned. Train yourself in literacy before statistics - I shouldn't have asked for it to dawn upon you about granularity when you can't even read. I win, enjoy your ass cancer and fuck off you 12-year-old Obongo cockricker.

>>16009831
>80% of paycheck goes to rent and bills

>>16011035
>Then you should say "I'm a retard for not considering 78% of people are retarded with their money and live without planning appropriately."
or maybe its due to stagnated wages while everything else gets more expensive? Naaaa.

>Yeah I can - college students are retards who don't consider the ROI on their investment.
Like they have a fucking choice. Its either college or making under 20 an hr (after tax, more or less 1500 a month).

>Train yourself in literacy before statistics - I shouldn't have asked for it to dawn upon you about granularity when you can't even read. I win, enjoy your ass cancer and fuck off you 12-year-old >Obongo cockricker.

do my a favor, 10IQ ape, address my other arguments :)
Oh wait, ya cant which is why you only focus on one (and poorly at that).

Get ass raped.
So far, *I* am the only person that has posted ANY sort of data. Im going in with no lube, grandpa

>>16011035
You are so afraid of numbers, aren't you? They scawy for you? Grow the fuck up.

Worst humans are the dogmatic one's. Literal subhuman IQ

>>16009856
The delusion of cryptofags

>>16009831
Meh I'll be fine, a lot of us millennials are going to get hooked the fuck up with inheritance by the time we're 65

>>16011090
>actually thinks he will get inheritance

>>16011124
Sorry your family sucks, but not everyone is in your situation

>>16011138
>a lot of us millennials will get inheritance
what percent? Don't just think because you will get any means so will most to all other millennials

>>16011152
Again, sorry your family sucks

>>16009831
I literally do

>>16011035
>tfw so retarded you have no argument so you downplay statistics and pretend they are invalid
The absolute state of retards. Even if his god trump straight up said "this anon is right. This economy is fucked to all hell", you STILL would deny it. That's how dogmatic you are.

The equivalent to having your house burn down and saying "my house isn't on fire". Keep living in denial like a low IQ retard. Anyone with half a brain can clearly see you are full of shit. Looks like dementia got the better of you.

>>16011165
>doesn't post statistics
don't imply anything as a fact with no data to back it up. What you're doing isn't a real argument fyi

>>16011165
>Just be born rich bro! It's easy!

Fucking hell.

>>16009955
Keyword here is "most".

>>16010987
>Wages are stagnant because, yes, dumb millennials buy stupid shit, but more importantly because dumb millennials vote for government meddling in people's finances to a great degree. And they deserve to be poor, and so do you.

Increased consumer spending does not lower wages, brainlet.

The economic policies of the past several decades have been voted in by the largest voting demographic in US history: the Baby Boomers

Don’t @ me with your goal post moving replies

hmmm
that's not as bad as I'd thought

>>16010580
And how wealthy are you? Post net worth

>>16009955
You fucking retards grew up in a post-major war period in which the North American and Western European economies saw a massive boom in production capabilities, commodities, travel, you name it. They became the dominant powers.

You assholes had it fucking golden. College was affordable. You could work at a fucking shitty diner and still take home enough money to feed a family of four. Now you're lucky if you make enough working at McDonalds to afford half of your months rent. But it's us god damned millenials, the guys who just got here, who are the problem. You asshats are so fucking gullible, deluded, and blind.

Holy shit, I hate boomers. Once you faggots finally die off then maybe the rest of us can actually start constructively solving the biggest problems plaguing the human race. You fucks are among them.

>>16012082
>why do it today when u can wait for boomers to die tomorrow so we can start!
And they said millennial aint lazy

>>16012106
Weak comeback. Pathetic losers. Just die already. Youre a plague

>>16009831
and pay the other half for your boomer shack loans

>>16009831
Boomers need to fucking die. Had it so easy, flooded the lands with shitskins, destroyed everything for future generations and now demand money while laughing.
Boomers deserve a bullet.

>>16012251
I really find it funny just how destructive that generation was and still is. Like just HOW can they be THAT retarded?

>>16010358
>Have a few mil in index
How the fuck does a wagekek have a few mil? Are you 50?

>>16009831
Millennials are sometimes their own worse enemy welcoming in millions of immigrants which companies use to keep wages low.

>>16012354
I work for a quantitative trading firm. Bonus is pretty high here. I am almost 30.

>>16009831

I save 80% in blue chip crypto

>>16012401
Nice, what is your background?

>>16009955
>annual return of 10%
Fucking how?
t.24yo zoomer

>>16012330
You don't care if you have opportunities and money, like they had and you don't care if you know you won't live long enough to see the time bomb you created explode.

>>16009831
>Other experts agree. The economists at investing giant Vanguard predict that, over the next 10 years, annual U.S. stock market returns will likely average 3% to 5%. When you factor in inflation — which, luckily, Vanguard predicts will be below 2% — the real rate of return is expected to be under 3%

WHAT THE FUCK

>>16010538
You must kill the child

>>16012573
>tfw 24 year old millennial
>broke right now but decent at saving money and live frugally
>tfw thought I could get ahead of the curve by investing during my twenties instead of spending it all then be somewhat wealthy by 40
>tfw it won't even fucking matter because the entire system is gonna collapse by then

Thanks boomers

>>16010029
that’s still 4 million dollars

>>16012472
Dropped out of Math PhD program to work at a tech firm doing quantitative research. Got headhunted for my current job.

>>16010412
You don't have to respond to everyone

>>16009831
>zoomers grew up on the internet but don't even know how to link an article properly

>>16012718
what do you want? Mlm format? Fuck off

>>16012734
https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html

Retirement is a complete waste of money and time.

What the fuck do you do at 65 that you can't do now? Play golf?

Just kill yourself if you run out of money. It's not like you have much to lose at that age. You spare yourself retirement home, insanity and enfeeblement by doctors.

>>16012681
Wish I studied math instead of finance.

>>16012794
play VNs and MMOs

>>16012794
If it was that easy, everybody would do it.

why are there so many boomers on this board? these types of threads bring them out en masse

>>16012853
You do have to study it to a much higher level (MS, PhD with publications) if you want quant type jobs though. What are you doing now?

>>16012928
Of course, and the school probably matters a lot as well. I'm working for a broker, but not on anything interesting.

>>16009831
I did the math once, I save something like 80% of my pay after taxes. I'll be financially free by 40.

>>16009863
In Russia government takes around 30% from your paycheck till you retire at 70 with 200-300$ a month pension. Like 5 years ago russian males in average lived to 65 yo. 2019 newborn russian prognosed to live to 73 on average.
Cry me a river.

>>16009831
Gotta do what you gotta do

>>16013621
30% is only for pension and medical insurance. Overall taxes that he has no way out of paying for regular slav are around 50%.

>>16012902
We bond over our dislike of the general state of humanity

Or just invest some

>>16009856
This tbqh

>>16013650
>I have it worse so just accept a shit situation like a conformist bitch!

>>16010776
Thanks for putting it into perspective anon. I spend $15 on an average meal which if I don't cook at all for the week ends up being >= $30 daily. Gonna try and really get it together.

>>16010135
>I own 3 investment properties
Dude just shut up you retarded old boomer no one wants to hear your retarded advice about “just save money and don’t eat lmao” we all know not to spend a shit ton on food. We don’t need faggots that literally lived in the golden era who had countless opportunities to buy cheap real estate telling us what to do with our cash because shit is nothing like the easy mode you are accustomed to. I looked into real estate and do you realize how over priced shit is these days? The kick in the nuts was “investment” properties require a commercial loan which means a mandatory 20% down. That means to buy something not in niggerville I’d have to drop like 75k on a down payment just to be able to get a rental property. Sorry we didn’t get to be at the peak of our financial lives during the biggest housing dip of the century. Crypto, marijuana, or starting a business is literally our only hope.

>>16010453
Do you know what the word average means, retard?

>>16010853
based and redpilled

>>16009831
God I love these headlines

>>16012330
The bit sympathy I have for them is they are literally low IQ NPC’s. Have you worked with boomers? They literally can’t even open PDF files and their only talking points are consumerism, sports and celebrities. They grew up completely under social engineering programming that played out flawlessly. Imagine if we didn’t have the internet, grew up as hippies and our only source of info was a television (let’s be real most boomers weren’t reading books unless it was about sportsball nigger worship)

>>16010412
Kys nigger

>>16009831
the way to bypass inflation is to pay retirement by using the current workers pay, instead of the current pay for your own retirement in the far future

>>16010939
Literally nothing you say is worth reading. Go kill yourself

>>16009955
>>16010082
>>16010174
>>16010361
>>16010412
>>16010456
>>16010521
>>16010524
you boomers will be the first to go on the day of the rope

>>16010082
Imbecile.

Day of the pillow soon friends

This is AOC's fault. That fucking psycho bitch.

>>16011090
> a lot of us
I know this isn't an actual argument, but what exactly is your reasoning for saying "all of us" instead just "I"?

>>16009831
>retire
if you retire you become a NEET
if you become a NEET you lose
just keep waging wagie

>>16009831
>Dude just save half of your paycheck LMAO
Thanks to central banking and government intervention, it's impossible to retire.

Thanks commies and boomers.

>>16009955
This guy is legit 100% correct.

Based libertarian

buy gold and crypto.

>>16010938
>44% of 22-27 yr old college grads are underemployed (inb4 just do computer science as if everyone is capable of that. Even they have like a 24ish% underemployment rate for 22-27 yr olds: https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html
>Think about that. NEARLY 1/4 cs graduates aged 22-27 will be underemployed (don't know how it evens out over time. Still not amazing though. It's around 34% when including all ages and all majors). Also 1/4 college grads make highschool wages.
>7/10 graduate with 29k+ in debt.
>78% of full time workers live paycheck to paycheck ( *LITERALLY one paycheck away from homelessness and that is basically poverty* ). *42% of americans will retire broke* (so you give up the best years of your life being someone's bitch just to retire with nothing), 57% of americans can't afford an unexpected 500 dollar bill, 50% of renters are cost burdened (spend over 30% of their income on rent. Half of those spend over 50% of their income on rent), 30% of metropolis city jobs (where most jobs are created) pay hardship wages (not enough to move out with) and 32% pay livable wages (basically poverty) which leaves 38% that are decent (I say decent because you also have to take into consideration the toxicity of work culture. Also, some jobs ONLY pay livable or up BECAUSE of the hours put in. For instance, the average american works 47 hours a week. 49% work 50 hours or more a week. Both of which inflate the wage stats into looking better than it actually is), etc.
All this does is prove our arguments correct though.
Government intervention destroyed the economy and made all of these things expensive.

>>16010456
>dude just become a higher rank wageslave
>inb4 start your own business
Better off just becoming a day trader and making it big.

>BERNOUTS AND SOCIALISTS ARE STILL DEFENDING SOCIAL SECURITY AND THINK THEY WILL ACTUALLY GET SOCIAL SECURITY

AHAHAHHAHAHAHHAHAAHAHA

OH NO NO NO NO NO

THEY'RE ACTUALLY RETARDED HOLY FUC

AHAHHAHAHAHHAHAHHAHAHHAHA

>>16015578
wtf are you on about???? it's easy, just wagecuck for 50 to 100 years five to seven days a week at one of the established "private sector" companies that have become subsidized, regulation-protected extensions of government in the ranks of people who you have to become a robot to be able to tolerate lmfao

>>16015663
nice post friend

>>16015608
It doesn't because your argument is eat cheaper food and open up a business in a shit totalitarian regulated economy created by boomers

>>16015711
>It doesn't because your argument is eat cheaper food and open up a business in a shit totalitarian regulated economy created by boomers
what's your fucking solution then?
We both already agree that the system is corrupt and a free market is better.

Literally all i'm telling you to do is make the best out of a shitty situation

>>16015663
Its even easier than that lol. Just eat a slice of bread and a single egg a day like medieval peasant and work hard. In 30 years you may have enough money to start your own business that has a 90% chance of failing. Im sure you'll do alright champ, it can't be that hard to compete with multi billion dollar companies with special legal privileges.

>>16015748
The solution, the final solution is violence.
Free market economies in democratic systems is what led to this in the first place.

>>16009831
Half of my pay packet goes into Bitcoin lol.

>>16015764
>Free market economies in democratic systems is what led to this in the first place.
I agree, we should remove the democratic part and strictly enforce the free market part.

I unironically believe this.

>>16012082
don't wait for them to die off, VOTE them out.

>>16010082
If you live in a country with people obsessed with hating America, you are by all statistics probably poor and more than half of your income goes to taxes anyways.

>>16015832
kek who are you thinking of voting for?
let me laugh at you

>>16009831
>tfw saving only 25%

>>16009831
And now they are pushing negative interest rates to discourage saving. Fucking great.

>>16015867
sounds like a bernietard

>>16016100
>And now they are pushing negative interest rates to discourage saving. Fucking great.
I can't wait for the collapse lol.

I hope a radical socialist takes over and destroys the economy so we eventually get a ron paul to come along, destroy central banking and fix things.

>>16016136
ahahahaha mate like it went so well for Russia, China etc

>>16016200
>ahahahaha mate like it went so well for Russia, China etc
What?
They did the opposite of what I am proposing.

>>16010098
The next recession is the reason equity returns will be so low over the next 10 years... S&P returned -1% from 2000-2009. Unless you're about to retire and are 100% stocks then your returns will be fine.

>>16016239
I mean, after commies gets in and destroy your economy, there is no turning back. You think Ron Paul will come, right? You know why there are no Ron Pauls to come along in Russia or Cuba? Cause their parents there starved to death or were killed in gulags. Now they have what they have and that's the fate of all communist countries.

Once you go red there is no turning back

>>16009955
Ur a fag r desu

I'm trying to make a case for disability based on my agorahobia but I'm not sure I can get away with it

>>16016506
godspeed m8

>>16016136
>>16016200
I hope we get radical national socialists to take over the country and bring about a glorious empire to last 500 years.

>>16009831
it's kill or be killed people. if you don't kill the banks and government by switching to crypto they will starve and work you to death.

>>16016289
eh good point, we should probably fight them straight up

>>16016560
>national socialists
How would they be different than the socialists we already have? lmao

socialism is poverty

>>16010505
>advocating to be a businessman
>also suicidal

>>16016637
>national

If we would secure the border and deport 30M+ illegals overnight the wage problem would be fixed. Bernie is the only politician on either side who has been honest enough to admit that flooding supply at a fixed demand lowers cost, but that was a couple of years ago and hes probably ‘matured’ since then.

Socialism also tends to work well in ethnically homogenous productive societies - which is why you’d rather be in socialist norway vs ancap heaven somalia. Culture >> everything.

The proxy for culture is of course race.

>>16016685
>If we would secure the border and deport 30M+ illegals overnight the wage problem would be fixed.
wrong lol
prices would adjust to the new demand lol

>Bernie is the only politician on either side who has been honest enough to admit that flooding supply at a fixed demand lowers cost
wrong
he wants more immigration lol

>Socialism also tends to work well in ethnically homogenous productive societies
HAHAHAHAHA
imagine being this brainwashed
Socialism is garbage, it's only "not as bad" in racially homogeneous populations.
Fucking idiot.

>socialist norway vs ancap heaven somalia
Holy fuck you ARE a GOY
Norway is one of the most capitalist countries on earth
somalia is an anti free market shithole

The most capitalist countries on earth are singapore and switzerland.
Living standards are HIGHER than norway in those countries.
Stay brainwashed you dumb jewcock sucking faggot lmao

>>16016685
btw all socialists deserve free helicopter rides

>>16010135
Incredibly based and redpilled.

>>16016788
80% of the housing in singapore is public (read: 50% subsidized) you idiot. Sure sounds ultracapitalist to me, not socialist at all.

You have no idea about any of the things you’re saying do you? Like it took me literally a minute on google to find that data. ‘Singapore public housing subsidies’ is a good search.

>>16016685

>Socialism also tends to work well in ethnically homogenous productive societies

Yeah like Russia and China, right?

>>16016637
Becuase national socialism is not modern "socialism" which is in fact just a rebrand of communism.

>>16009831

I have about $120k USD invested, in early 2021 that will be $170k-ish, at which point I'll stop saving and leave it to compound.

I will work about a third of the year and spend the rest of the time travelling. The key thing is to get to $100k or so ASAP - then you have a lump of money which is compounding and working for you. Saving $4k a year isn't going to cut it.

>>16017049
That's called communism you fucking tard. Socialism works very well in Japan.
>inb4 ass mad jew muh birth rates

>>16016788
Another data point: norway has a $1T (thats twelve zeroes, not sure you can count that high) sovereign wealth fund

Ie the government can control the means of production (via equity ownership) sourced from national resources (oil)

Note that this is not their pension fund - thats separate

>>16017070

Are you seriously implying that the Union of Soviet Socialist Republics wasn't Socialist? Please tell me you aren't actually that fucking stupid anon.

>>16017068
>I have about $120k USD invested, in early 2021 that will be $170k-ish,
you have no idea if a recession will come or if we start going sideways for 2 decades. i would actually love see that happen because dumb money is into passive investing now.

>>16016788
Talk about a good goy. Yes goy capitalism is the best. Nothing like waging in a cheap soulless office built as cheaply as possible and going home in your plastic car sold for 40k a pop. But at least you'll get to go home to your wife whose too tired to cook you dinner because of her hard day at work. Its fine though you can just get into your overpriced shitty car and eat at another soulless fast food chain as the ceo laughs in your obese face.

>>16017124
>ARE U SERIOUS RIGHT NOW
No, the ussr was communist and openly so. As was China. And as ive said before modern Bernie socialism is just a rebrand of communism

>>16017070
>Japan
>Socialism

Excuse me sir, but if the government cares about pensions and don't let corporations engage in slave trading that doesn't mean that the country is socialist.

>>16017049
FYI Russian communists were mostly (((them))) before WW2 at least

>>16017183

No they were openly Marxist Socialists. Communism is a desired end state of their system and not a description of it. The only true difference between Marxism Socialism and National Socialism is the former is (supposedly) class based and the latter is (supposedly) race based. Both are damned to infighting and economic collapse as neither solves the economic calculation problem.

>>16017127
>you have no idea if a recession will come or if we start going sideways for 2 decades. i would actually love see that happen because dumb money is into passive investing now.

Fine by me, 70% of my money is market timing / target vol strategies, with value & gold stocks.

>>16017127
>. i would actually love see that happen because dumb money is into passive investing now.


Yea fuck everybody else for trying to preserve their wealth. They should shave stayed poor. You people are fucking slime. For decades people have literally complained that poor and middle class people don't utilize the stock market enough, but now that it's easier and more accessible to everyone thanks to the internet you want it crash?


Fuck you. Unless you exclusively plan to day trade this shit does not have to be a zero sum game.

>>16010580
socialists are also at least 2x as likely to be depressed

>>16009831
tbhonest most of my friends seem willing to eat a bullet at retirement age because of the lack of money and climate change repercussions

like literally tons of people's plan is to just die

>>16010731
Jeff Bezos can:
>Relinquish 90% of his net worth to socialists
>Use 10% of his net worth to pay 100k people $100k/yr to kill socialists
100000 Brenton Tarrants would purge the USA of socialists pretty quickly. It's funny to see leftists threaten violence against the rich when even a single rich person is capable of squashing them like ants.

>>16009831

It has been like 60 years since the nixon standard and people still don't realize the interest rate is a fucking countdown clock down to zero, and then everything ends and collapses

>>16009955
sadly, this is the redpilled answer. i am an old millennial (34) and have been saving/investing as much as i can for over a decade because i'm extremely fearful about the future. net worth is hovering around $1 million now. seems good, but when i see just how fucked my generation is in general, i can't help but worry that the government is going to find a way to take my money and redistribute it because everyone else fucked up. crypto is way too volatile to be a legitimate store of wealth. precious metals might be an option, but also too volatile for my tastes. i know i don't have enough yet to start thinking about offshore accounts or anything, but that time might come if i keep squirreling money away and making decent investment returns.

>>16015832
He thinks you can vote your way out of poverty...

>>16015832
Yes votnig will save us all

>>16015832
yes voting always works!

>>16017021
>80% of the housing in singapore is public (read: 50% subsidized) you idiot.
no it's not
do you have a source for your retarded claim?
even if what you are saying is true, the rest of the singaporean economy is extremely free market.

>>16017165
>Yes goy capitalism is the best. Nothing like waging in a cheap soulless office built as cheaply as possible and going home in your plastic car sold for 40k a pop.
under a free market I would only have to work 2 days a week

why dont you want that?
Why do you leftists want to wage slave so hard?
Please explain why you love work so much.
I don't understand.

>>16009831
I currently save half my paycheck (after taxes). Actually more because I also contribute 5% to my 401K.

I've built a sizable investment portfolio that's giving me decent passive income annually and will continue to grow even during recessions.

>>16010731
>implying rich people wont move to another capitalist country
socialism is for betas and retards

>>16017070
>Socialism works very well in Japan.
Japan is one of the most free market nations on earth.
Why do feces eating communists deceptively lie so fucking hard?

They REALLY need helicopter rides.

>>16009831
Isn't this assuming your salary will keep up with inflation which we know probably absolutely won't be happening?

>>16017119
>Another data point: norway has a $1T (thats twelve zeroes, not sure you can count that high) sovereign wealth fund
wow so the government does extremely capitalist things and somehow this is socialist?
lol

Stay mad you fucking leftist moron

>>16017942
i'm younger than you and am on the same path, and i feel you, it's a legitimate fear but probably not worth stressing over, as the worst I expect in the next couple of decades is an increase on capital gains tax, but maybe i'm being optimistic

>>16018283
>>implying rich people wont move to another capitalist country
terrible argument

a much better argument is the undeniable fact that taxing their wealth wont actually create any new resources for the poor to consume

>started putting $500 into a Roth Ira monthly
>40 years compounding with an average 7% annual return from index funds will leave me with 1.6m tax free

Is what YouTube millionaire guy says. What specifically should I invest my Ira funds in.

>>16015532
he didn't say all of us, he said a lot of us. >you even quoted him saying a lot of us

>>16018328
it seems unlikely to happen in the immediate future, but i wouldn't be surprised if some kind of a tax on net worth becomes a reality in the next 30 years. poor aging millennials are going to make up a pretty big chunk of the voting population at that point and they're going to shift their focus from whining about boomers, who will all be dead, to whining about the 1%er millennials who actually planned for the future.

>>16017021
>>16018245
It also makes sense for Singapore to subsidize the cost of housing, as otherwise lower income workers would have to cross the bridge from Malaysia and back every day, which would drastically increase congestion. Subsidizing housing is simply the free market arriving at an efficient solution.

>>16018409

or be a homeless truck driver or tradesman in Alaska for a couple of years (use your imagination) and frontload the invested money

saving $500 a month for decades is (1) soul destroying (2) inefficient

>>16018710
>It also makes sense for Singapore to subsidize the cost of housing, as otherwise lower income workers would have to cross the bridge from Malaysia and back every day, which would drastically increase congestion. Subsidizing housing is simply the free market arriving at an efficient solution.
if they had a free market in property rights, there would be a massive financial incentive to provide cheap housing for people, the government actually makes housing more expensive in singapore

>>16010135
> bro just own 3 investment properties and eat for 1 dollar a day. Works for me

>>16018409
So you have to wait 40 years? How old will you be then? And where will your youth go?

>>16018652
true, but i think things will change with wealth transfer from boomers to gen x and so on to millennials, either way it's best for us to have a hedge strategy, which could be either storing some percentage wealth in a protected asset (offshore somehow, anonymous crypto (but ofc it's risky), idk), or just move out of the country altogether to somewhere like Singapore or Japan, anywhere that is safe from communism for the foreseeable future. The U.S. military has contingency plans for the invasion of every country, and likewise I am drafting contingency plans for the evacuation to most desirable countries.

>>16018409
$1.6M isn't really going to be enough to retire on in 40 years.

>>16018245
Lmao, my man first sentence on their govt website https://www.hdb.gov.sg/cs/infoweb/about-us/our-role/public-housing--a-singapore-icon

>even if the govt does some socialist things its EXTREMELY CAPITALIST

Move those goalposts more bud

They also have racial allocations for housing, how free market is that?

>>16018710
>redistributive taxes are the free market solution

Do you fucking think before you post?

Any of you?

>>16018324
>government owning the means of production
>capitalist

Oh my bad you’re actually room temperature IQ and can’t understand fundamental premises of socialist theory

>>16010938
Employed CS grad he, honestly I'd be surprised if even half or 75% of CS grads are regularly employed in the field. Spend any time talking to any of them and it's clear they are not invested in programming and have no passion for learning about computing. They are just in because of muh STEM or muh coding and only want to increase their chances of a good career, and ironically will struggle if all they do is class projects and never even touch a C compiler for fun. The exceptions are probably Asians as they are just machines that eat up any STEM field for profit. Have you ever been on a college campus in the past decade? One look at the vast majority of these students and I'm almost barfing. These are the next generation of learned scholars and academics? Pfft. They mostly spend their student loans on weed, gaming laptops, and hoverboards. And they want all that re-paid for free? Give me a fucking break.

>>16010412
based retard

>>16010176
Yeah if you're not buying it in bags like a sensible leaf.

>>16009963
The raw milk I buy is 10$

>>16010021
>inflation
What if we all stop buying things we don't need
>companies need less profit now
>prices fall

>>16010358
Having a few mil in index funds did NOT come from 6 figures.

>>16009856
absolutely based.

>>16012082
>Once you faggots finally die off then maybe the rest of us can actually start constructively solving the biggest problems plaguing the human race.
Lol, as if you retards arent just gonna bring in even more socialism than the boomers did.

>>16018283
>>implying rich people wont move to another capitalist country

I read this argument all the time but it never makes any sense to me. Where are they supposed to move to? China? Europe? Latin America? How are any of these places less socialist than america?

>>16009963
You mean in 30 years? are you for real assuming inflation will stay at 2% the whole time? are you an actual retard?

>>16010002
Social security has no money

>>16019021

Roth Ira is an account. Money can be withdrawn at anytime no fee, no tax. Investment earnings tax free after 59.5. Can't just put it back tho. Treat it as an emergency fund that you hopefully never need because if you don't touch it you'll have plenty when you retire.

I max my 401k match too, also have a pension.

>>16010000
Checked, and based

>>16015749
what if i give a firm, solid handshake to my first clients, will it be a 85% chance of failing?

>>16012486
Real estate

it costs me $32k/year to live the lifestyle i'm happy with. $40k/yr if i'm living lavish. i make around $200k/yr. get good faggots

>>16016280
>S&P returned -1% from the top of a bubble to the bottom
>dur stonks bad
Ok fucktard

>>16020534
You have more and have the option to live with less luxury if you desire. Most people have less and no option to live with more if they desire it. It's a crucial difference in psychology that would be easily understood if you've ever struggled.

>>16020722
I make 25% of what he makes and my cost of living is $18-20k.
>It's a crucial difference in psychology that would be easily understood if you've ever struggled
Most people who struggle long-term are retards who can't plan. Struggle for a while, make intelligent decisions and build financial freedom.

Also fuck you, retard.

>>16010872
Ok, fuck the left and the right, we should all fight for workers rights. in this board, people with money, shit on those who work for wages, but wake the fuck up, the majority of us will be workers for life. we all have HOPE to own a business one day, but let's be real, from looking at past generations, we will majorly be workers for the rest of our lives. WORKERS UNITE!!! VOTE AOC AND BERNIE AND EAT THE FUCKING ELITES. the rich keeps eating us, it's about time we fucking rise up to those greedy, unappreciative, inhumane motherfuckers.

>>16019185
Same during the dotcom era. No interest in understanding computing, doing programming, transferring the principles of compsci to other fields.
I can imagine now many pretend to be into AI/ML and data science.

>>16020880
t. no real world experience zoomer

>>16019258
The vast majority of my net worth was made doing this job.

>>16020880
I know you're trolling, but the rich/generational elites have done an insanely good job convincing us that

1) "anyone can become wealthy if they work hard enough" (objectively false) and
2) "it's X's fault I'm not rich!" (also false)

we'll never break out of this mindset until we have another full-on War; either with ourselves or with another Country that actually threatens us (most likely Russia/China)

>>16009831
>Saving Half your Paycheck
>Instead of putting half your paycheck in link and retiring before 40 / 50 yr old
or 25 - 30 for new life fags

>>16020895
You are correct, many have little pet tutorial projects for machine learning they are actually proud of, and the worst part is, companies actually hire these morons, who now think they are special because "I'M A DATA ENGINEER LOL".

Can't wait for the next bust to weed them out.

>>16021137
Most of those types will parachute into government jobs because the federal government is point blank DESPERATE for anybody with any kind of CS/IT experience.

>be me
>contribute bare minimum to 401(k) up to employer match
>blow half my pay on a fancy apartment downtown
>use another 1/4 of my income to pay back student loans, personal loans and credit card bills
>blow the rest on whole foods, fancy wine and the occasional ounce or two of weed
Anyone else here /boomerpilled/?

>>16009955
>most millennials are retards that are going to die broke

Isn't the economy made worse if millenials do NOT buy more stuff? So if millennial saved their money more, which is what you seem to be recommending, the economy would be worse off.

(And millennials do spend way less than previous generations, because we HAVE less to spend)