Not sure what you mean by rate of income, I pay the full amount and do not get any subsidies. I pay state and federal tax, it is a tiered system. In California highest rate combined with federal is around 50%. I own a business though so am able to shelter money a lot better than a W2 employee...
It is a lot more than 400, depends if your employer covers any of the cost too. Just myself, on a private policy and pretty bare bones is around 580 month. Family, is most likely over a 1k month. If you are low income I believe you can get a lot of subsides though
Would just say be careful you aren't lying to yourself about the illusion of having control. We have all been there but if you did you would leave and close that door for good. If you consider yourself as someone who has morals and integrity, do not sacrifice that in a tit for tat exchange. You...
This is getting a little weird. I agree with a lot of the overall sentiments but I'm not going to cite each sentence and what percentage I agree. Some of the details not completely on board with but a lot of the overall themes to different extents and timelines. Pick something specific and i...
I know it is hard for you to stay on topic but lets try. You said 70's were worse and 5% is barely over ideal. I just pointed out todays 5% is not calculated the same as the 70s.
To be fair, they keep changing the rules on how it is calculated to pad the numbers. If calculated the same way as the 70's, today would be a lot higher
I don't think it is that simple, there are many variables and effects. It is possible to have a scenario where inflation far outpaces stock prices. Extreme example is Venezuela where stock market hit all time highs but relative purchasing power got destroyed. In a low rate environment most...
Definitely agree, there are a lot of different areas that could break down and set off a chain of other failures. The only real question for me is how effective can the fed/govt play wack a mole and how long can it be delayed. Personally think it would be prudent to be positioned for short and...
That obvious huh lol I have a lot of physical metals and bitcoin in different forms of self custody, probably too much. I also have a lot of cash in t bills and high yield savings accounts for the liquidity. The only thing I am unsure about is the timeline, they have been able to kick the can a...
I think we are just referencing two different scenarios. What I was speaking about is if you want to achieve higher than average results and financial independence with options. If someone is not going to put the work in and dedicate themselves, I agree, reduce risk and go the safe route. The...
I think you are missing the point. If you want to be above average you can't do what average people do. It isn't just making a few bets but a lifetime commitment to constantly learning, taking risks and properly allocating your money. The average person will not do this, above average people do...
Just keeping it brief. Of course not impossible and we all get lucky but unless you are one of the top investors it is a long term losing strategy. You do not want to build bad habits, eventually will pay the price. Agree the average investor will be served best to have a passive strategy. It...
Back when I was in the corporate world during the 2000's in finance. You could make a legit career out of being highly skilled in excel. Not sure how much it is used now but I still use it when I need just keep track of things not that complex, usually more personal side. I'm sure there are...
Absolutely agree, the system is basically designed to keep people as debt slaves their entire lives. Simply having a middle class salary and saving 10% a year, not going to work out for most. When you are salaried and have a dependable income and incremental raises, most just eat those up in...
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