Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
I mean, it’s not a myth, billionaires literally have enough financial freedom to live large for 100 lifetimes.
The myth is that they’re willing to share their rigged casino gambling “speculative investment” derived wealth/winnings, because reminder: nobody can come remotely close to earning a billion dollars through honest labor.
You don’t need billions for most definitions of financial freedom. Unless your definition is spend whatever you want, never worry about running out of money, and not have a job, you really don’t need billions.
Capitalism requires most people to be dependent on selling their labor to capitalists at a rate less than it’s worth. No meaningful definition of financial freedom can exist for a majority of the population in a system that creates and supports billionaires.
We could, it’s kind of the the Gene Roddenberry vision, use our burgeoning automation/robotics/AI to do the labor so that Humankind could pursue our passions for everyone’s benefit, but of course those technologies will be patented and used for the exclusive further profit of the non-laboring owner’s club at everyone else’s further expense, exploding our population of homeless peasants with nothing, and “our” government will continue to defend their ability to get away with it at gun point.
It’s like so many things. Human kind should have been united in celebration when we split the atom and harnessed it’s awesome energy generation, a warm light for all mankind, instead our first monkey ass impulse was to use it to incinerate a rival monkey tribe.
Humanity: Juuuust smart enough to be a belligerent threat to ourselves and others, yet too impulsive, short sighted, selfish, and stupid as a species to be anything more.
It’s no secret that a very large percent of people live well beyond their means when a modest lifestyle with retirement funds is obtainable for the vast majority of the population. One doesn’t need a new car every few years, the newest gadget, eating out constantly, and an apartment in a high cost of living area. It’s certainly not morally wrong to buy what you want, but just know that not investing in your own future is making life harder for you in the medium and long term.
That’s why I said 100 lifetimes charitably. That’s 10 million from 1 billion, and even less than half of that is enough for a lifetime of responsible financial freedom.
My definition of financial freedom is not being dependent on an employer. It’s being wealthy enough to be able to walk away from crappy jobs however long it takes to find a better one.
I mean, it’s not a myth, billionaires literally have enough financial freedom to live large for 100 lifetimes.
The myth is that they’re willing to share their
rigged casino gambling“speculative investment” derived wealth/winnings, because reminder: nobody can come remotely close to earning a billion dollars through honest labor.You don’t need billions for most definitions of financial freedom. Unless your definition is spend whatever you want, never worry about running out of money, and not have a job, you really don’t need billions.
Capitalism requires most people to be dependent on selling their labor to capitalists at a rate less than it’s worth. No meaningful definition of financial freedom can exist for a majority of the population in a system that creates and supports billionaires.
We could, it’s kind of the the Gene Roddenberry vision, use our burgeoning automation/robotics/AI to do the labor so that Humankind could pursue our passions for everyone’s benefit, but of course those technologies will be patented and used for the exclusive further profit of the non-laboring owner’s club at everyone else’s further expense, exploding our population of homeless peasants with nothing, and “our” government will continue to defend their ability to get away with it at gun point.
It’s like so many things. Human kind should have been united in celebration when we split the atom and harnessed it’s awesome energy generation, a warm light for all mankind, instead our first monkey ass impulse was to use it to incinerate a rival monkey tribe.
Humanity: Juuuust smart enough to be a belligerent threat to ourselves and others, yet too impulsive, short sighted, selfish, and stupid as a species to be anything more.
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Having magic machines that can make anything is the only way a communist utopia ever happens, so it’s not that amazing.
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It’s no secret that a very large percent of people live well beyond their means when a modest lifestyle with retirement funds is obtainable for the vast majority of the population. One doesn’t need a new car every few years, the newest gadget, eating out constantly, and an apartment in a high cost of living area. It’s certainly not morally wrong to buy what you want, but just know that not investing in your own future is making life harder for you in the medium and long term.
That’s why I said 100 lifetimes charitably. That’s 10 million from 1 billion, and even less than half of that is enough for a lifetime of responsible financial freedom.
Most wealth doesn’t survive 3 generations, so it’s way less than 100 lifetimes.
Billionaires have poured billions into life extension ventures, many of them believe they’ll be around to spend it themselves forever.
My definition of financial freedom is not being dependent on an employer. It’s being wealthy enough to be able to walk away from crappy jobs however long it takes to find a better one.