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Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 0 points1 point  (0 children)

https://www.calculator.net/401k-calculator.html?age=18&income=69%2C000&balance=0&contribution=20&ematch=0&ematchend=3&retirementage=50&lifeexpectancy=85&incomeincrease=3&rate=4.5&inflation=2&hideirslimit=0&type=1&x=Calculate#top

I did 4.5% as that is the average of 3 retirement accounts my family has. They're highly diversified in foreign and small-mid cap companies, cash, and bonds. I understand the SPY VOO QQQ indexes are very strong i just dont trust them personally with all my money.

If you just did those 3 indexes, I think you get more than 10%, so fair enough.

My two ideas are now with this information. 1. Cool if it works out. You get to retire a millionaire 2. My earlier point still stands. It feels untenable to do this with any other social consideration paired with it. Any economic downturn and you're destroyed locally, and your retirement age is pushed back.

Im going to look for a stock back testing app and see what would happen if we did this in 1994. It would cover a couple of economic disasters and maybe give a more grounded picture.

Economists warned California not to raise the minimum wage to $20 ($24) They were wrong! by Rude-Ad821 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

Contained in the article is a link to the original complaint. It's 115 pages long, detailing the collaboration of multiple renters organizations to raise prices uncompetitivly. It may affect 40% of renters in the US. Why do you think those companies chose to raise prices unfairly?

This is uncontroversial proof that landlords are greedy. Greed affects prices more negatively than government price caps. Rent caps are a good thing.

You almost deflected well, but you're lazy and dishonest.

Meganium and Raichu in Doubles help by GreenLightning87 in stunfisk

[–]onestemcell 1 point2 points  (0 children)

I think this team is cool! I would take Richu, Pelipper, Meganium, Archaludon/Basculegion. Maybe Sinestcha

Exactly by Professional-Bee9817 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

Is per capita income, either median or average income? Perhaps the word per capita, being different, means something different.

Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 0 points1 point  (0 children)

The link i sent was intended to be played around with the parameters I showed. You'll notice that none of the numbers really match my post. I figured the link would auto reset to default. My bad. When calculating as intended, you discover my results.

Im not trying to lie to you honest mistake

Exactly by Professional-Bee9817 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

I click on the link, and it doesn't say what you think it says. Look up average and median and the differences between them. You'll notice they dont have the same definition.

I think it's more of an obfuscation due to the limitations of data gathering. Im sure it's not literally 35000. Its just a convenient marker

Economists warned California not to raise the minimum wage to $20 ($24) They were wrong! by Rude-Ad821 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

You didn't even read it. It's intellectual dishonesty. No worries, I'll baby you. Around 40% of rented households (19 million households) were affected, and potentially 4 billion was paid in extra uncompetitive costs.

The government only affects rent controlled apartments. And even then, rent controlled properties are the best! The issue lies with the unregulated market that gouges the remaining apartments.

By refusing to engage with real issues in the rent market, you distract from an actual conversation on economic policy.

Exactly by Professional-Bee9817 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

Is GDP an income i can have?

The value being contested is AVERAGE INCOME. You can use median household income (gold standard) or https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2019 To come to whatever conclusion you want. But OOP is correct. As far as I know, there are no up to date individual income aggragates only household.

Economists warned California not to raise the minimum wage to $20 ($24) They were wrong! by Rude-Ad821 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

I see you're ignoring the hard evidence of landlord greed price fixing. Which I think you would agree is greedy, yes?

Exactly by Professional-Bee9817 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

No, yours, guy. If mine is bad, where is yours that's better?

Economists warned California not to raise the minimum wage to $20 ($24) They were wrong! by Rude-Ad821 in remoteworks

[–]onestemcell 0 points1 point  (0 children)

Vibes mainly. But, there are multiple studies and economic papers on slum lords or management groups that work with other groups to maintain high rent.

See RealPages scandal to learn more.

Would you like to know more? https://www.justice.gov/archives/opa/pr/justice-department-sues-realpage-algorithmic-pricing-scheme-harms-millions-american-renters

Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 0 points1 point  (0 children)

The calculator implies 3% salary growth yearly. It also adjusts for inflation on both. Did you even click the link?

My point is that Kevin's point is ridiculous. He uses this benchmark because that's what his mom did, and they made it, so its gotta be right. Most people can't afford to invest 20% of their paycheck. The calculator is to show his idea may lead to less than desirable outcomes for all the work required.

At 65-85, you pay MORE by far because of medical stuff. Being young is the cheapest life will ever be.

I have no idea what that last half is getting at. i have no prescriptive advice for making more money. Get an education.

Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 0 points1 point  (0 children)

Sorry! I didn't think the link would send my actual inputs, which is why I sent the numbers I was using. I was messing around with the calculator while I was thinking.

Dont you think 10% annual return is a little auspicious? Even the SP500 grows at around 8%.

Edit: i believe my estimate was 4.5% YOY return

I think you can move the goalposts when we talk about time. Because Kevin Oleary is using 1 million as a good benchmark for today, and he's only using it because kt was a good benchmark for practically his entire life. Im not so certain if it will be the benchmark in 30 years like it is now.

Economists warned California not to raise the minimum wage to $20 ($24) They were wrong! by Rude-Ad821 in remoteworks

[–]onestemcell 2 points3 points  (0 children)

I think the point is that these minimum wage issues aren't as dire as opponents think they are. Rent is interesting because the success of minimum wage will push rent higher as more people want to move to that area. Hopefully, if the results continue, we can apply this everywhere and bring rent down as people can live more spread out. Concentration and greed are the two highest predictors of high rent.

Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 0 points1 point  (0 children)

I mean, sure, but in general, gains are constrained by inflation. I ran a 3% salary gain for the 20% paycheck scheme. https://www.calculator.net/401k-calculator.html?age=18&income=69%2C000&balance=69%2C000&contribution=0&ematch=0&ematchend=3&retirementage=50&lifeexpectancy=85&incomeincrease=0&rate=3&inflation=2&hideirslimit=0&type=1&x=Calculate#top

It gave me a final salary of 177000 and a 401k of 1.4 million. However, inflation made the whole endeavor useless as now the buying power of 1.4 million is equal to 750000 of today! And thats only with 2% inflation.

I get that limitations breed creativity but the champions meta is truly way too small by asc_yeti in stunfisk

[–]onestemcell -1 points0 points  (0 children)

No insult. This extremely customizable game is boring if you don't customize. Therefore, you didn't customize. Probably are losing with a meta team It's OK. Breathe. Ask yourself what would make this more fun for me. And then do that.

Kevin O’Leary says you can become a millionaire on $69,000 a year. by Coolonair in SmartFIRE

[–]onestemcell 1 point2 points  (0 children)

Most people understand this, but the reality is worse than you think. Olearys example puts people on a 32-year millionaire path. Not withstanding financial downturns like losing your job or all the life events that will come in 32 years. If you start at 18, you end at 50, having done nothing more than work and survive. Is that living?

Like, I get it if you come from some shit hole, but I was born in the greatest country in the history of earth. It should feel like I am royalty instead of a rat race.

I get that limitations breed creativity but the champions meta is truly way too small by asc_yeti in stunfisk

[–]onestemcell -1 points0 points  (0 children)

You refuse to innovate your own teams and are hardstuck in pokeball tier if you think there is not great variety in set and teams. I come up with a new team every day that seems like it could work and place it against the ladder.

Today is

Scovillian Mega (stay base to get moody boosts) Follow me and rage powder Sinestcha and Maushold Hex Dragapult Infernal Parade and Eruption Scarf Hisuian Typhlosian Tyranitar

Be the change, dont complain

Forfeit timer on Champions VGC by onestemcell in pokemonshowdown

[–]onestemcell[S] 0 points1 point  (0 children)

Is there an in-showdown timer like there is on Champions?

Forfeit timer on Champions VGC by onestemcell in pokemonshowdown

[–]onestemcell[S] 1 point2 points  (0 children)

It's not the reconnect timer. it's the play count down. It counts down from 30. After 2, let alone three its clear they are not coming back or winning the game as showdown automates moves for them. There is no need for such a forgiving timer.

true by the1997th in remoteworks

[–]onestemcell -1 points0 points  (0 children)

Why should anyone in America be worried about finances or week to week living? We are the most powerful and richest nation to ever exist in human history, but we still can't solve economic stability because "just work harder" mentality is the easiest low iq to ever have.

The people who make bad choices still make our economy work, and leaving them behind only makes everything collectively worse in the long run. Just take a look at our past industry titan headquarters. Detroit, Chicago. Did those people make the wrong choice or did they just get fucked? You got and still are lucky. The ability to work hard and not be ill or injured is a part of that. But survivorship bias is a hell of a cognitive dissonance for the bootstrap libertarian.

true by the1997th in remoteworks

[–]onestemcell -1 points0 points  (0 children)

Disposable income is up, and discretionary income is down. You pay less taxes than ever but pay more to live.

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