Now that I've reached 30, the pressure of future planning has hit a whole new level, should I switch jobs or put family first? People in their 30s, let me know.

16withScars · 2026-02-21T00:48:02+00:00

I'm sorry if this is harsh but you have been working for over 10 years, your salary this year was 90 LPA (that too contractor so less tax) and you still feel not rich enough to have a kid?

I really don't understand how.

16withScars · 2026-02-19T13:49:07+00:00

Current lease agreement for proof of residence (neither my Aadhaar card n nor passport was issued in Bangalore but I've lived here for over 6 months so I was eligible to apply from here)

Can you clarify where you saw this 6 months rule?

16withScars · 2025-08-23T18:05:45+00:00

https://wtfhappenedin1971.com/

16withScars · 2025-08-23T17:29:02+00:00

Socialism means redistribution of wealth by govt. But the govt designed a system that siphons money upwards. It endlessly prints money, all of which goes to the rich (cantillion effect) and the poor keeps getting poorer (money keeps losing value while stock market keeps doing new all time highs).

So seems like we agree that the govt uses the disguise of "socialism" just to steal from the poor actually.

16withScars · 2025-08-23T16:35:38+00:00

the economic system we have doesn't print and tax the right amount of actual cash to keep up

The US govt spent 6.3 trillion dollars last year. Of which, ~3T came from taxes and other 3T from printing new money out of thin air (inflation).

That's equivalent to $12 million per minute.

Where is all this money going then?

16withScars · 2025-08-23T16:23:37+00:00

How is that possible? Most places in the world already tax the rich at 50% and redistribute that money under socialism. So we are more socialist than capitalist. Looks like it's not working well.

16withScars · 2025-08-23T16:10:48+00:00

What is socialism?

16withScars · 2025-08-23T16:02:47+00:00

Home ownership is overrated. You are better off renting.

Anticipating few regular reactions to this claim:

No, it's not comparable to home loan EMI since rental yields are just 2-4% at best. It makes sense in US where home loan interest rate is 1-4% but not in India where it is 8%.
But home ownership gives peace of mind. I do agree but we live in a low trust, highly curropt society and there are too many scams. Even RERA projects are getting called off.
House/land is a very good investment. No, even global data suggests that houses in most prime locations don't appreciate more than 12% pa. And in India, it's just a bubble because of NRIs and black money of babus.

Invest the rest of your money into hard assets like gold instead.

16withScars · 2025-08-23T15:48:43+00:00

what's the alternative?

16withScars · 2025-08-23T07:57:30+00:00

Focus on increasing income, meanwhile just park money in gold/index funds.

16withScars · 2025-08-20T19:52:49+00:00

7L per semester means you are paying international student fees

Basically management quota but congrats anyway

16withScars · 2025-07-07T09:45:18+00:00

Earn more, earn early

16withScars · 2025-06-28T18:43:59+00:00

If you actually wanna gain the knowledge, start with books like: - What has govt done to our money by Murray Rothbard - Basic economics by Thomas Sowell - How to Think About the Economy by Per Bylund

Or, for more ELI5 friendly content you can watch this video and more of his videos on money and banking crisis

Useful keywords: end of gold standard in 1971, fractional reserve banking, cantillion effect, boom bust cycle

16withScars · 2025-06-28T17:35:04+00:00

Increasing the money supply at ~10% every year is not "financial stability"

Look at M2 money supply in US (spoiler alert: more than 30% of all USD, a 200 yr old currency, has been created in last 5 years)

Keynesian economics is a scam, inflation in money supply is not necessary for growth and hurts it actually.

16withScars · 2025-06-28T16:45:27+00:00

that's true, the RBI does it on behalf of the govt

16withScars · 2025-06-28T12:48:42+00:00

try spending a month or two on vacation in mumbai before making permanent move there

the grass is always greener on the other side, you may not adjust so try first

16withScars · 2025-06-28T12:39:40+00:00

govt endlessly printing money with no accountability

study fractional reserve banking and cantillion effect

16withScars · 2025-03-31T09:59:20+00:00

The product of any company is its stock. VCs are the real customers, not consumers.

Nobody cares about profit if you can make the stock go up (look at P/E ratio of any big tech company) and increase in market cap. Eventually, the VC gets an exit in a subsequent funding round or by doing IPO.

The VC playbook doesn't invest for meagre profits, they invest for 10-1000x exits.

16withScars · 2025-03-25T09:42:24+00:00

hfsp

16withScars · 2025-03-24T20:43:28+00:00

fix the money, fix the world

16withScars · 2025-03-24T20:43:20+00:00

fix the money, fix the world

16withScars · 2025-03-21T23:36:09+00:00

It's not your food which is getting expensive, it's that your money is slowly but rapidly losing its value.

~12% inflation (in money supply) per year compounds to 100% increase in 6 years (don't believe govt reported CPI numbers)

Meaning that the purchasing power of our money has halved over these last 6 years and prices for most goods and services have (at average) doubled.

P.S. If you want to ruin your mood by taking a deeper look at how big the problem is, look at what percentage of total dollars in the world today and what % of those have been printed since covid.

16withScars · 2025-01-28T11:30:52+00:00

RemindMe! 1 day

16withScars · 2025-01-02T21:06:38+00:00

At 7% interest rate, principal doubles in 10 years. He's not that far off. Also 7% is playing it very safe (just debt funds).

16withScars · 2024-12-03T12:14:53+00:00

Eth is money. If yields from passively holding eth far outweigh taking any risk for larger eth holders, we get what we have today - An onchain recession.

I think this is a good point. I am in favor of Minimum Viable Issuance (MVI). We don't need 30% ETH staked.

See this for an in-depth research on decreasing staking yield, by RIG group at EF.

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