• 0 Posts
  • 21 Comments
Joined 1 year ago
cake
Cake day: July 1st, 2023

help-circle
  • Many people saying ‘live for the now’, which is totally valid, but there’s an alternative as well, which is the path I followed - devise a concrete economic plan for your life (5 year plan, 3 year plan, etc), and track ALL your spending until you have a strong grasp on how you like to spend your cash.

    It’s hard to make more money, so do everything you can to reduce spending in your life. No only will you increase how much can put away, but you’ll need less to sustain yourself when you reduce how much you earn, due to the cultivation of a spendthrift life.








  • I tighten them and it saved my monitor! Robbers broke in to our house, stole a bunch of stuff. The computer monitor was still there, connected to the computer, dangling from the table.

    How do I know they tried to steal it? Because they tried to cut through the cable with PAPER SCISSORS, because they didn’t know how to unscrew the cables.

    I feel sorry for the dumb robbers. I hope they didn’t pawn it and are still enjoying playing Wii Fitness without the balance board, which they neglected to take with the console.











  • I know a lot of young people these days that have to live in crowded share houses because there’s nothing else they can afford in the area where they work, and still 70%+ of their income goes towards rent and board.

    Where I’m from, the cost of living has skyrocketed compared to when I was starting out, but the wages haven’t changed. I’ve benefited greatly from that due to capital gains, but it makes it a lot harder for Gen Z to achieve the same thing, even if they do scrimp and save. I can understand people being demoralised and living for today instead, as it seems impossible to improve your position by much.


  • SuperApples@lemmy.worldtoAsklemmy@lemmy.mlWhy are folks so anti-capitalist?
    link
    fedilink
    English
    arrow-up
    44
    arrow-down
    2
    ·
    1 year ago

    Some great answers here so I’ll do something different and I’ll give myself as a real-world example.

    As a young adult, through a twist of luck, I found a cheap place to rent, so was able save a good amount of my income. I used that saving to get a loan, buy property, and used that property to get a loan and buy a property, and then do it once again. A short while later I now have no debt, can sit on my arse browsing lemmy in Bali (exploiting geo-arbitrage), and live off the market-rate rents my tenants pay back home.

    If my tenants didn’t have to pay market-rate rents, they too might be able save some cash and become capitalists themselves. I could lower the rent, but then I would have to get a job and actually earn my living again. People born into wealth can even skip that step of having to earn their initial capital.

    But whats the point of owning income producing assets (like property, or business) if you’re not improving your situation with it? The ONLY benefit of the capitalist system is that it allows the capitalist to reap the benefits of other’s work, thus reducing the burden of the capitalist to work themself.

    It’s a ridiculous situation, I should not be able to live as I do, simply because I got a lucky break at the start of my working life, an opportunity that is given to the very few. The system should change.