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Topic	a minimum wage should be a livable wage
clearaflagrantj 07/03/18 1:00:26 PM #253:	JustMyOpinion posted... clearaflagrantj posted... Villain posted... dolomedes posted... Questionmarktarius posted... A bus pass and a shitty 'burner' phone saves a hell of a lot of money. Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster. a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month. lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice. It's really easy to tell who is out of touch, a neet, etc with posts like those People have no idea how much money is required to retire. If you save $4000 every year from ages 18 to 65 you will end up with $1M, that can provide $25K annually in dividends. Who the fuck saves $4,000 a year? I do, but I only know ONE other person that does, or even can. This generation will work forever. Is that adjusted for inflation? Yes, assuming 6% ROI (typically 5% is used for taxed growth and 7% for untaxed growth). It blows my mind how the more money you have the easier it is to get filthy rich, yet if you're destitute you are stuck in the fucking ground. It's like wealth is a hill with an apex at any given median salary, that gets progressively steeper the further you move from it in both directions. You have a million dollars? Doubling that is incredibly easy. You have $100 to your name? You're taking out debts to survive and you will fall into that miserable pit of abject poverty. <cite>clearaflagrantj posted [p:904421815] in a minimum ... [t:76773003]...</cite> <quote><cite>JustMyOpinion posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote><cite>Villain posted...</cite> <quote><cite>dolomedes posted...</cite> <quote><cite>Questionmarktarius posted...</cite> <quote>A bus pass and a shitty 'burner' phone saves a hell of a lot of money. Don't fuck around on your savings, though. If you don't have at least $1000 in liquid cash, you're just waiting for a disaster.</quote> a bus pass is 105 bucks a month in chicago and my shitty pre-paid phone is 45 bucks a month. lol @ 'don't fuck around on savings' as if people who earn low wages feasibly have that choice.</quote> It's really easy to tell who is out of touch, a neet, etc with posts like those</quote> People have no idea how much money is required to retire. If you save $4000 every year from ages 18 to 65 you will end up with $1M, that can provide $25K annually in dividends. Who the fuck saves $4,000 a year? I do, but I only know ONE other person that does, or even can. This generation will work forever.</quote> Is that adjusted for inflation?</quote> Yes, assuming 6% ROI (typically 5% is used for taxed growth and 7% for untaxed growth). It blows my mind how the more money you have the easier it is to get filthy rich, yet if you're destitute you are stuck in the fucking ground. It's like wealth is a hill with an apex at any given median salary, that gets progressively steeper the further you move from it in both directions. You have a million dollars? Doubling that is incredibly easy. You have $100 to your name? You're taking out debts to survive and you will fall into that miserable pit of abject poverty.</quote> ... Copied to Clipboard!
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