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If you do not have any or very minimal debt, that amount doesn't even need to be that high. Takes some discipline to hold off on debt to acquire some items when young but as you get older becomes a little easier. Those dreams of lambos when young seem to dissipate for most when you actually...

Completely agree with this and wish I learned this lesson a little sooner. Anything you use frequently or over an extended period you will be served well to spend a little more up front and learn to properly maintain it. I have worn dress shoes every day for work for the past 20yrs. I used to...

You aren't very good at this lol Dont ever be a lawyer

I own a lot of Ethereum, second largest holding behind bitcoin, but completely disagree. They serve very different roles and Eth carries considerably more risk. With eth, we have no idea yet if it can scale or if proof of stake works. It also has a growing list of competitors and it carries...

I think you might be surprised how bad the personal balance sheets are for some people considered smart and successful. 500k a year after taxes in a major metro area with a nice house, a couple luxury cars, a stay at home wife who likes to shop, maxxed out 401k, a couple kids in private school...

Money just to consume more isn't very satisfying other than some quick dopamine hits. This is why you see people in those income levels accumulating very little in net worth and ratcheting up to bigger liabilities like slightly nicer homes, cars, vacations as income increases. Every level you...

I 100% think the kind old grandpa who eats McDonalds every day persona is a façade. Nothing wrong with being rich but you do not get to the levels he has without being incredibly shrewd and sometimes cut throat. Anytime I see some of these ultra wealthy investor guys speaking publicly, just...

https://nypost.com/2022/12/27/millionaires-fled-new-york-during-covid-pandemic-irs-data/ https://www.latimes.com/california/story/2023-03-23/column-which-californians-are-heading-for-the-exits#:~:text=The%20net%20loss%20of%20high,of%20the%20state%20income%20taxes. Some 1,453 millionaire...

The point is, last few years for a number of reasons there have been significant changes in trends and behaviors. Not sure why you get upset about it https://www.cnbc.com/2022/10/07/rich-young-professionals-fleeing-california-and-new-york.html...

Could make the argument for a lot of assets, nothing against equities. Although this decade I think a lot will depend on what sector. Any sector or companies that are levered up or relied on cheap debt(most) personally not a fan of. I have been wrong many times before though. Strictly for...

You don't live there either. Never claimed to be an NYC expert but do have ties and access. Mom lives on Long Island, most extended family is around there, went to school in CT, college friends and family live and work in the city, some I talk to on a group chat daily. Could probably get a...

Plenty of people and business' have left NYC due to taxes and crime. Bad policy and misallocation of funds. To say otherwise, you would be in fact a liar. Not what I said. See below, said there is too much waste. Look at cities like SF and LA, huge tax burdens, bad crime, failing...

The problem with your argument is it is purely hypothetical where you are solely considering one variable when there many and not considering the chain of events that would happen after that. Like a 3rd grade thought experiment. Fantasy land. Naïve. Yes, a 50 hut village takes less planning...

The argument is beyond ridiculous, need to stop engaging but here we go It is not a separate issue and if it actually happened you can't cherry pick only certain effects you think are positive and not account for those you do not in a population reduction. Not how the world works or remotely...

What are you talking about lol Not really cope, just an observation on the type of people are in those positions. Your take is also massively incorrect, an aging population growing in percentage without replacement of young people who are productive is basically a slow death. This is well known...

Well that is an idea I guess, not sure how reasonable. More a hope and pray and not sure that would even work, depends what group is eliminated. Think politicians need to be a little more responsible planning and budgeting instead of hoping for some mass extinction event to absolve...

Taxes are needed for services and infrastructure. The issue I have is the percentage amount related to what is actually provided. Seems taxes always trend higher while quality of service/infrastructure goes the other way. Way too much waste and kicking money to special interest groups. No idea...

Interesting read, wonder what the plans are for it. I lived in LA for a few years and drove through those areas, little north on the way to vegas. Pretty barren and rural.

Sounds like a giant undertaking to rehab run a town but if you are passionate about building a community, can't fault someone for trying! I do think groups of people will continue to form different types communities with common interests. Seems all people are becoming more polarized to whatever...

Seems normal https://finance.yahoo.com/news/san-francisco-fire-sale-downtown-120042720.html