The point is to keep the boomers happy and all their "wealth" invested in their 401k's so they can steal all their money when they die.
You are watching the hollowing out of America. It couldn't have been done if there wasn't a uniparty. Stop asking parochial questions. The "system" you were taught about in school has NEVER existed during your lifetime.
Grab the political football and move it forward or die here.
I keep a six month backup that will cover expenses in case something happens to me, other than that my focus is on keeping expenses low, rather than making more.
Yea the "resting on a pile of money" strategy is over. You need to invest in skills and in tools. Take a page from the "great depression" generation. Survival skills are the new informed citizens asset.
That's such an obvious scheme to give control over our wealth to subversives that I can't believe anyone still falls for it. It's like women starting OnlyFans because some of them make a ton of money. But it's a pyramid scheme; insider traders and those with enough capital to orchestrate pump and dumps make money from everyone else.
Where do the likes of Blackrock and Vanguard get their power? (((Investments))) from Boomers, pensions, and sovereign wealth funds.
No, I'm teaching my kids to "invest" in things that will actually help them; tools, vehicles, and more importantly, time in gaining skills. Money is not wealth and the only way to prepare for the future is to get strong.
Investing in vehicles is the dumbest thing you can do. Unless it's some special collector's vehicle, a vehicle is depreciating asset. A vehicle is a tool, not an asset.
It may be a scheme but it's the only defense we have. You are on a long struggle to old age. You must invest and start investing young. You will eventually reach a point you are too old to work or you become obsolete. You need a big cushion to fall back on because thanks to jewflation, it gets harder and harder to stuff that cushion. Working and saving is not enough. Social security is not enough.
You need to 1st preserve your wealth and 2nd grow it. With the system we have that can only be done by investing in assets. We can debate portions all day, but the bottom line is some % need to be kept in hard assets (lower risk) and some % need to be kept in soft assets with high growth potential (higher risk). And over time you will gradually deminish your investment in higher risk soft assets by taking profits and converting those profits into low risk hard assets to preserve those profits.
They know it isn't. They don't care.
The point is to keep the boomers happy and all their "wealth" invested in their 401k's so they can steal all their money when they die.
You are watching the hollowing out of America. It couldn't have been done if there wasn't a uniparty. Stop asking parochial questions. The "system" you were taught about in school has NEVER existed during your lifetime.
Grab the political football and move it forward or die here.
and to demoralise Millenials and later.
As a Millenial parent, how am I supposed to teach my kids to save when their savings lose 25% to inflation every five years?
I don't teach my kids to save. That's functionally and in some cases literally punished by the system.
I teach them not to waste. To learn the difference between "want" and "need." To secure the important things first and always.
Saving in this day and age is a myth perpetuated by and for the finance vampires.
I like this.
I keep a six month backup that will cover expenses in case something happens to me, other than that my focus is on keeping expenses low, rather than making more.
Yea the "resting on a pile of money" strategy is over. You need to invest in skills and in tools. Take a page from the "great depression" generation. Survival skills are the new informed citizens asset.
Don't teach the to save. Teach them to invest. That's the only other option they have. The other option is armed revolt.
(((Invest))), you mean?
That's such an obvious scheme to give control over our wealth to subversives that I can't believe anyone still falls for it. It's like women starting OnlyFans because some of them make a ton of money. But it's a pyramid scheme; insider traders and those with enough capital to orchestrate pump and dumps make money from everyone else.
Where do the likes of Blackrock and Vanguard get their power? (((Investments))) from Boomers, pensions, and sovereign wealth funds.
No, I'm teaching my kids to "invest" in things that will actually help them; tools, vehicles, and more importantly, time in gaining skills. Money is not wealth and the only way to prepare for the future is to get strong.
Investing in vehicles is the dumbest thing you can do. Unless it's some special collector's vehicle, a vehicle is depreciating asset. A vehicle is a tool, not an asset.
It may be a scheme but it's the only defense we have. You are on a long struggle to old age. You must invest and start investing young. You will eventually reach a point you are too old to work or you become obsolete. You need a big cushion to fall back on because thanks to jewflation, it gets harder and harder to stuff that cushion. Working and saving is not enough. Social security is not enough.
You need to 1st preserve your wealth and 2nd grow it. With the system we have that can only be done by investing in assets. We can debate portions all day, but the bottom line is some % need to be kept in hard assets (lower risk) and some % need to be kept in soft assets with high growth potential (higher risk). And over time you will gradually deminish your investment in higher risk soft assets by taking profits and converting those profits into low risk hard assets to preserve those profits.
If you don't do this, you are doomed.