this post was submitted on 06 Feb 2024
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I don't care about "winning capitalism", I care about living a comfortable life and being able to pursue my hobbies. $150k a year is more than enough, and I don't have to worry about investment bullshit, it's just guaranteed constant income. As long as I'm alive, I'll be breathing, that's 100% guaranteed. Winning the stock market is not guaranteed, and being able to use my legs for the rest of my life is also not guaranteed.
Winning the stock market is guaranteed unless society collapses just by investing in a broad market fund. You don't worry, you just make money. 150k is not enough in many cities to have a family, unfortunately, and you also can't run for charity.
You don't need to use your legs after the first bit. You get in shape, and then you have well over 150k, not losing to inflation with no raises ever again. You're done.
$150k per year for the rest of my life would be way more than enough for me and the lifestyle I want to live. I currently make less than that, but still have enough to invest and donate to charity, so this would be just a straight, guaranteed upgrade with zero changes to my current life.
I understand that I could make more with the steps option, but I'd be thinking about it. Any time I was off my feet, I'd be thinking to myself, "I'm missing out on money right now", and I don't want to have that nag for the rest of my life. Give me the no-work, no-change, fully automatic upgrade over the steps option every day of the week.
it's funny how many armchair money managers we have here who want to give up huge passive income in order to... have more money to invest and eventually get passive income.
how much would an annuity that pays $150k/yr cost for somebody in their 20s or 30s? I can't imagine it being less than $10 million. probably more like $50 million. so the logic is give up $10-$50 million in value, for the opportunity to maybe make it up in the long run, while hoping you never get injured or debilitated...
3.75 million dollars in a high yield savings account right now pays 150k per year, at a rate of 4% annually. Investing in the broad market pays 6%ish per year after adjusting to inflation.
You can make multiple millions off of intentionally jogging per year, which pretty much debunks your point. Yes, breathing is more passive, but will lose to inflation compared to what you can gain comparatively immediately with steps.
Someone did the math. It's $315,000 not $150.000. So plenty to live on and still have some left for investment.
As for winning capitalism: capitalism is a travesty that's killing both people and the planet. I would rather people stop talking about winning such a system - there are truly no victors. To be the victor in capitalism is to be a cell of a tumor that slowly kills its host; you only live until you finish killing the host or the host fights back. We should kill and consume those responsible for capitalism like macrophages consume cancer.
Oh there are Victors, the only real chance at liberation a Proletarian can have is to either end Capitalism itself, or join the bourgeoisie. At least if you have a ton of money, you can donate to strike funds.
The issue here is capitalism will destroy the environment so you won't have anywhere to go eventually, at least if you're not a billionaire. This is what I mean about killing the host, the bourgeoisie are slowly killing society and the planet.