• Camelbeard@lemmy.world
    10·
    3 days ago

    The best advice I heard in my 20s don’t spend your raise. If you can live of X and now you make Y, still live of X and put everything you don’t spend in a few ETFs. Don’t try to be smart en beat the market, don’t buy stocks, etc.

    Just 3 or 4 ETFs that cover the world. Or if you want to be smart read up on the permanent portfolio or all weather portfolio.

    You don’t need a more expensive car if your current car still works, you don’t need a new phone every 2 years, etc. Buy what can’t be fixed, don’t pay for upgrades that are not really going to improve your life.

    Also buy things that don’t expire (toiletpaper, dishwasher soap, etc) in bulk when the offer it really good.

    You don’t have to live as a bum but you can still make sure you don’t overspend.

  • volvoxvsmarla @lemm.ee
    482·
    4 days ago

    In another screenshot I once read “my retirement plan is to die in the socialist revolution” and I think that’s exactly what I hope for

    • Agrivar@lemmy.world
      18·
      3 days ago

      That’s been my plan for years, but now it’s morphed into something more like, “my retirement plan is to die in the American underground fighting the local Nazis.”

  • explodicle@sh.itjust.worksEnglish
    14·
    3 days ago

    Narrator: It didn’t.

    The retweeters went on to live in an even more dystopian future where money still exists, but with no savings to endure a strike.

    • ameancow@lemmy.worldEnglish
      12·
      3 days ago

      Honestly, true.

      We are indeed going to face massive, catastrophic changes to society broadly.

      But they will take place over such timespans that most people are just going to get used to things being shitty and the death-tolls from storms, flooding, starvation, forced-migration… it will just be more dull noise in the background for decades and decades.

      The “nothing ever happens” shitheads are in the middle of things happening, but our attention-spans have been so thoroughly eroded that people don’t think anything is real unless it literally shakes them out of their bed.

      • WoodScientist@sh.itjust.worksEnglish
        10·
        3 days ago

        People also have this idea that collapse is this overnight thing, like a zombie apocalypse. But while that does sometimes happen historically, a gradual degradation is much more common and realistic. What that actually looks like on the ground is just a general decline in the standard of living all around. In an advanced capitalist economy, we rarely have actual shortages, where the supply of goods simply runs out. Rather, whenever the supply of anything gets tight, the price soars until demand drops.

        As things degrade, everything’s just going to become ever more expensive. People used to eating beef will have to switch to chicken. Then they’ll switch to tofu. Eventually just rice and beans. And as prices rise, the world’s poorest, a few million at a time, will find that they can’t even afford rice and beans, and no one will be able to afford to give them food aid either.

        Housing will gradually become ever-more expensive. We have a finite capacity to construct housing. And as natural disasters destroy more and more homes and infrastructure, we have to spend more and more of that finite capacity just rebuilding what we’ve lost, rather than constructing new homes. This drives the cost up ever-higher. People switch from owning their home, to renting an apartment, to living with roommates, to abandoning the nuclear family entirely and living in large extended households again.

        This is what collapse actually looks like. Prices on everything slowly rise until we look around and realize that the global population has been cut in half by starvation and all but the riches survivors are living in penury.

      • Nalivai@lemmy.world
        9·
        3 days ago

        I had a conversation with an older dude this May. It was +30°C in Germany and Germany doesn’t really do air conditioning. The older dude, while sweating bullets, was telling me that we don’t need to do air conditioning because we rarely have high temperatures.
        It was +30°C in May. It was +30°C in May for the last 10 years. I think that dude will die of heatsroke, and till his very end he will believe that nothing ever happens and things are exactly the same as they were when he was a child.

  • BigDanishGuy@sh.itjust.works
    19·
    3 days ago

    65? 65?!? My expected retirement age is 7-goddamn-2 and considering that’s in the 2050s shit could happen to that plan in the meantime…

      • PlexSheep@infosec.pub
        2·
        3 days ago

        Why JK though? There are many financial options to at least get more returns than inflation, working for people without fuck you money too. It takes some financial education that we likely have to learn ourselves, but there are options. And it’s possible to reasonably lower risks and costs enough by selecting the right financial products.

        Though obviously, if you just buy what the bank guy says, the bank will make the profits, not you.

        • ZkhqrD5o@lemmy.world
          3·
          3 days ago

          While I agree with you, most people don’t want to spend the time learning all of this. Furthermore, I had the luck of good financial education and I had to wade through a sea of rubbish just to get to the good bits. But as someone who’s new, how do you learn? That’s the problem. And even if they could learn, how are they going to start saving? Is the supermarket cashier just making ends meet by a hair’s length really going to start saving up thousands and thousands of quid just to be able to see some real returns? Don’t hate the player, hate the game. You have too little money to start making some real returns. And because you have no real returns, you need to work for menial tasks and menial money. And therefore, you cannot start saving up and make some real returns, the cycle is complete. What a nice system that we put our lives inside of.