5 Mar 2021 6:50 am
I haven't talked with a homeless person before, but...I had a random shower thought.
This is speculation - the homeless ppl who aren't in their current situation due to drug addiction/mental illness choose to be homeless.
Reasoning?
Well it's quite simple actually...they find employment to be below them. A waste of time.
And while the homeless, like any other group of people, would prefer to have a roof over their heads, the tradeoff isn't worth it to them.
Option A: Slave away 40+ hrs a week so the investors and owners get rich off the value of labor you provide, you get a mortgage and billz 2 pay
Option B: Stay homeless and, if the homeless person is smart, keep eyes peeled for opportunities
(Option C - unavailable to the homeless, and for that matter, 99%+ of people): Inherit property and live off dividends/rental income/bonds
Option C warrants additional scrutiny...
Assuming a 'safe' 4% withdrawal rate, $1M generates 40K (keep in mind this is pre-tax as dividends and rental income are treated as income) which is really nothing.
$40K is crumbs, fitting for a college grad who subsisted on rice and beans to help expedite loan repayments.
I'd say you need AT MINIMUM $100K/year in post-tax residual income requiring minimal work (like driving 30 miles every month to collect renters' dues) to live comfortably.
That requires more than $3M in investments, and pretty much anybody who has $3M in investments will have $5M or more in net worth due to diversification of assets. Nobody (who isn't a complete retard) will put 80% of net worth in the stock market.
Now I don't know about you, but I can't think of many jobs/employment that would allow you to accumulate $5M in net worth thru your working life.
Factor in taxes, ever increasing cost of living ("but muh 1.5% inflayshun!"), the potential to be laid off thus depriving you of income, "spending sprees," etc.
Maybe "reality TV host?"
Or "Reparations Department Head?" (In 2030 - job comes with full pension...those govt workers are so noble!)
If I had to choose between options A and B, I would go with B for sure. At least I would be exposed to opportunities that would allow me to escape A for the rest of life.
I don't feel any sympathy for the homeless - they seem to understand the situation with far greater clarity than the NPCs of society and are making a rational choice.
1 Nomination
Annoyed Liberall Mar 04, 2021
Go to original post on Mar 04, 2021 10:01pm
This is speculation - the homeless ppl who aren't in their current situation due to drug addiction/mental illness choose to be homeless.
Reasoning?
Well it's quite simple actually...they find employment to be below them. A waste of time.
And while the homeless, like any other group of people, would prefer to have a roof over their heads, the tradeoff isn't worth it to them.
Option A: Slave away 40+ hrs a week so the investors and owners get rich off the value of labor you provide, you get a mortgage and billz 2 pay
Option B: Stay homeless and, if the homeless person is smart, keep eyes peeled for opportunities
(Option C - unavailable to the homeless, and for that matter, 99%+ of people): Inherit property and live off dividends/rental income/bonds
Option C warrants additional scrutiny...
Assuming a 'safe' 4% withdrawal rate, $1M generates 40K (keep in mind this is pre-tax as dividends and rental income are treated as income) which is really nothing.
$40K is crumbs, fitting for a college grad who subsisted on rice and beans to help expedite loan repayments.
I'd say you need AT MINIMUM $100K/year in post-tax residual income requiring minimal work (like driving 30 miles every month to collect renters' dues) to live comfortably.
That requires more than $3M in investments, and pretty much anybody who has $3M in investments will have $5M or more in net worth due to diversification of assets. Nobody (who isn't a complete retard) will put 80% of net worth in the stock market.
Now I don't know about you, but I can't think of many jobs/employment that would allow you to accumulate $5M in net worth thru your working life.
Factor in taxes, ever increasing cost of living ("but muh 1.5% inflayshun!"), the potential to be laid off thus depriving you of income, "spending sprees," etc.
Maybe "reality TV host?"
Or "Reparations Department Head?" (In 2030 - job comes with full pension...those govt workers are so noble!)
If I had to choose between options A and B, I would go with B for sure. At least I would be exposed to opportunities that would allow me to escape A for the rest of life.
I don't feel any sympathy for the homeless - they seem to understand the situation with far greater clarity than the NPCs of society and are making a rational choice.
1 Nomination
Annoyed Liberall Mar 04, 2021
Go to original post on Mar 04, 2021 10:01pm