I only ride Uber comfort

[pain is ocean i am fish]

As a person with enough money to flex but not enough money to do anything useful, i feel really acomplished every time i get out of my Uber comfort/select ride


What's your poor man idea of what a rich man does?

[kbiz]

Początkowo opublikowane przez Dutchgamer1982:

-in that case eew usa/bad urban planning (notjustbikes on youtube can tell why better than I)

and I fear no sneezes;)

Public transportation is much nicer and more socially acceptable in Europe. I would ride the train in your situation too.

In the US, a car is great for everything besides commuting to work.Most of us here would not enjoy driving the tiny little European cars.

[kilésengati]

Początkowo opublikowane przez kbiz:

Początkowo opublikowane przez Dutchgamer1982:

-in that case eew usa/bad urban planning (notjustbikes on youtube can tell why better than I)

and I fear no sneezes;)

Public transportation is much nicer and more socially acceptable in Europe. I would ride the train in your situation too.

Agree, but bus rides are still crap and walking to a train platform sucks. I like trams + bike, it's the best of both worlds.

[pain is ocean i am fish]

Początkowo opublikowane przez kbiz:

Początkowo opublikowane przez Huh?:

Ah, classic example of mimicking the rich, not being them.

A big hurdle to becoming rich is living like your rich before you are. Gotta grow your net worth first through saving and investing. But lots of people like to leverage up and consume as much as possible.

it's not even that, all the people who show off stuff usually never had nice stuff
i was priviledged enough to have decent clothes and so on, but in my class someone dressed in nike training clothes and he thought he was stylish, i later found out he was very poor, tbh i thoguht he is like super gym goer and so on but turned out he was just trying to impress people

[Under there]

(hes not rich he just lives in Poorville, Strugglevania and got a 50$ tip on twitch)

[Hamless Hog]

Początkowo opublikowane przez Huh?:

Ah, classic example of mimicking the rich, not being them.

I dont think uber comfort give you better cars. Its just more room, for older people and what not.

[kbiz]

Początkowo opublikowane przez Huh?:

Investing? What do you mean by that? Elaborate further.

So simple. Live below your means.

Save 15% of your income and invest it equities and/or real estate. And then give it time to compound. You want to maximize your real (after inflation), net (after tax), long-run (working lifetime) rate of return.

When you compound money, the most powerful variable is time. Sure, you can make massive amounts of money if you’re ultra-skilled, lucky, or criminal, but in the realm of normalcy, it’s always better to compound at 5% for 40 years than at 20% for 10 years.

So, when ranking investment variables, it’s time, then return, then annual investment. That’s means the last thing you need is money. Which is nice.

Diversify too. Super easy way to do it is just buy the stock market index through and ETF or mutual fund.

Everyone should take a statistics course and an investment course.

[kbiz]

Początkowo opublikowane przez Huh?:

Don't say that, public transport is disgusting and being around all those mouth breathers isn't a good look nor feel.

What country?

[L1qu1dator]

Początkowo opublikowane przez 𝕎𝔸𝕃𝕋𝔼ℝ:

Get a car lol

You've got to be rich to own any car nowadays, with these gas prices.

[Dutchgamer1982]

Początkowo opublikowane przez L1qu1dator:

Początkowo opublikowane przez 𝕎𝔸𝕃𝕋𝔼ℝ:

Get a car lol

You've got to be rich to own any car nowadays, with these gas prices.

dont forget the car taxes..
and obligatory insurance and maintenamce..

your average car cost 180 euro a month standing still.
add to that the write of cost that easely doubles that..
and you are already spending 10 euro a day for that car without having moved a single meter

[Dutchgamer1982]

Początkowo opublikowane przez kbiz:

Początkowo opublikowane przez Huh?:

Don't say that, public transport is disgusting and being around all those mouth breathers isn't a good look nor feel.

What country?

that ofcourse matters a lot.
-usa and most of canada are designed for cars not people.
-this makes living quality for all including those in cars worse and removes all other transport options.

my nation the netherlands is designed for people.. and people just pick the transportation mode thats most conveniant and gets them the quickest from a to b.
-and with good public transport, dedicated bike lanes and dedicated footpaths.. as well as generally better designed street layouts you have more options to pick from so travel times are lower for all.
and as we dont have to have as many roads and parking spots so distances are shorter and living areas nicer.. further improving things.
street design also matters a lot our street designs factor in a lot of human psuchology factors for all diffetent modes of transports and thus much less people die in traffic than in usa.
oh and as a final bonus : because of the safer road designs despite being less straith maximum driving speed is much higher.

usa is just overall bad designed infrastructure wise.

not to say we dont have mistakes.. our public transport has been privatised in 2000 and its a move still controversial and some do want to renationalise it. mosr notable effect of this privatisation has been ticket prices spiking in tripple the inflation rate and a wildgrow in discount tickets by third parties instead of just an safe same fee for all travelets.
-more state money has went in than before privatisation as the state still needs to fund the maintenamce and placing of the railriads, stops etc..
-less traveled lines are being cut and stops are placed further apart..
-investment in new material is usually done without factoring growth in demand, meaning overcrowded routes (havingbto stand) do happed more often
-employees are not paid as well so crew shortages strikes cause more delays than used to before 2000.

so while we still have very good public transport with only few nations like swiss trains better.. I do think we best renationalise public transporr asap lest we may not be on top in a couple decades..

[pain is ocean i am fish]

inflation am i right

[kilésengati]

Początkowo opublikowane przez Huh?:

Początkowo opublikowane przez kbiz:

So simple. Live below your means.

Save 15% of your income and invest it equities and/or real estate. And then give it time to compound. You want to maximize your real (after inflation), net (after tax), long-run (working lifetime) rate of return.

When you compound money, the most powerful variable is time. Sure, you can make massive amounts of money if you’re ultra-skilled, lucky, or criminal, but in the realm of normalcy, it’s always better to compound at 5% for 40 years than at 20% for 10 years.

So, when ranking investment variables, it’s time, then return, then annual investment. That’s means the last thing you need is money. Which is nice.

Diversify too. Super easy way to do it is just buy the stock market index through and ETF or mutual fund.

Everyone should take a statistics course and an investment course.

Do this if you want to end up being middle class when you're 65. Trading ETFs isn't a bad idea though, and investing isn't a bad idea either, but if that's your only source of wealth generation, boy are you losing in life.

Not financial advice, duh!

Even reaching middle class living standard by 65 only by living frugal and working hard is a dream of many that will no longer become reality, thanks to corpos and their bankster politicians. They don't want people to live such lives but rather to depend on welfare and consoom.
Save x-percent of your income to get rich isn't going to work with inflation like this and wages not catching-up on inflation for decades now - that's like burning money. It isn't a bad idea to have buffer, but it shouldn't be regarded as a way of earning money or saving for an investment because inflation will outpace you. Unfortunately, it's typical Dave Ramsey boomer advice. Problem with ETFs and trading in general is that you shouldn't do it if you can't afford to loose the money - many can't.

[kbiz]

Początkowo opublikowane przez Huh?:

Początkowo opublikowane przez kbiz:

So simple. Live below your means.

Do this if you want to end up being middle class when you're 65. Trading ETFs isn't a bad idea though, and investing isn't a bad idea either, but if that's your only source of wealth generation, boy are you losing in life.

Thanks. I thought I might get in trouble for suggesting people should live below their means, invest, and diversify.

Yes, it's always better to invest 15% of a higher income.

[Hammer Of Evil]

Początkowo opublikowane przez Huh?:

Do this if you want to end up being middle class when you're 65. Trading ETFs isn't a bad idea though, and investing isn't a bad idea either, but if that's your only source of wealth generation, boy are you losing in life.

do you just.. 5 minute google search everything you talk about?

[kbiz]

Początkowo opublikowane przez kilésengati:

Even reaching middle class living standard by 65 only by living frugal and working hard is a dream of many that will no longer become reality, thanks to corpos and their bankster politicians. They don't want people to live such lives but rather to depend on welfare and consoom.
Save x-percent of your income to get rich isn't going to work with inflation like this and wages not catching-up on inflation for decades now - that's like burning money. It isn't a bad idea to have buffer, but it shouldn't be regarded as a way of earning money or saving for an investment because inflation will outpace you. Unfortunately, it's typical Dave Ramsey boomer advice. Problem with ETFs and trading in general is that you shouldn't do it if you can't afford to loose the money - many can't.

Why do you have to live frugally? I'm just saying you don't have to spend your money as fast as you earn it.

Investing is a long-term game. It's about generating wealth over time. How long of a rolling period of time (in years) do you think it takes the stock market to always have a positive return?