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yippeecahier · 2 years ago

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NGL, I come from a place of privilege, given that I am under 25 and have no debt.

I have about $30,000 in assets - just my savings, car, tech, jewelry, and all my worldly goods that could be resold put together, at their current value. If I lost that 30k, which is really just (one) medical emergency away from bankruptcy, I would have to strip everything for the cash. In just cash alone, I'm not even close enough for a downpayment on a starter home, a multi year endeavor.

By comparison, millionaires such as Lady Gaga (130 million) and Keanu Reeves (380 million) are far above me. To be on the same level, I would have to earn and retain in financial or asset form, $129,970,000 or $379,970,000 respectively. Anything I spent on rent, insurance, gas, food, medicine, and other consumables that can't be resold doesn't count towards that net worth total.

That's a lot. But this pales in comparison to billionaires such as Jeff Bezos (117 billion) and Elon Musk (191 billion). I would have to retain $116,999,970,000 and $190,999,970,000 respectively. At my current income of $50k, which is above the median income for people with my level of education, assuming I magically don't need to spend any money on consumables and can just bank it all:

It would take me 2,599 years and 146 days to obtain Lady Gaga's wealth, or almost 26 CENTURIES.

It would take me 7,599 years and 146 days to obtain Keanu Reeve's wealth, or almost 76 CENTURIES.

It would take me 2,339,999 years and 146 days to obtain Jeff Bezo's wealth, or almost 2,340 MILLENIA.

It would take me 3,899,999 years to obtain Elon Musk's wealth. It would take me nearly 3,900 MILLENIA.

Oh, this is after having paid off all my debt and with my existing assets, by the way. For even Lady Gaga, the least wealthy of this list, I would have to work tirelessly from before the Roman Empire was even founded.

But that's just me, a college-educated middle-class American citizen who is both debt and child-free.

It's much more fascinating to compare these to each other.

Lady Gaga makes $25 million a year.

Keanu Reeves makes $40 million a year.

So, if I deduct what these millionaires already have in assets and divide the total of the billionaire's assets by their income to find how many years of just banking money (no consumables):

Lady Gaga would have to bank another $116,870,000,000 to have Jeff Bezo's wealth. Assuming she stops spending on consumables like food or whatever and every penny of her $25 million income goes into future asset wealth, it would still take Lady Gaga 4,674 years and 293 days for her to obtain Bezo's wealth.

Keanu Reeves would have to bank another $190,620,000,000 to achieve Elon Musk's wealth. Again, in a fantasy world where Keanu doesn't have to feed and clothe himself, it would take him 4,765 years and 6 months to obtain Elon Musk's wealth.

The gap between the assets of famous multimillionaires like Lady Gaga and Keanu Reeves (who make MILLIONS every year) and that of famous multi-billionaires is a little less than HALF what it would take me to become as wealthy as Lady Gaga at my income level, which is, again, above the median. I could never achieve that wealth in my entire fucking lifetime, because, even if I assumed my income would go up and actually outpace inflation, I still need to eat and I can only use my body for labor until I'm 80, tops, which is only 56 years of work and nowhere near the thousands.

This sounds very conspiracy-brain, but sometimes I think the United States deliberately undermines math education and the corresponding understanding of how to problem-solve and comprehend magnitude of these kinds of numbers. Because if kids sat down and did the math, they just might realize that there is no way to become this rich on your own hard work.

Sure, you can invest in the stock market - but that's gambling. Most people might be able to hamper the effects of inflation on their asset values with stock investment.

The American dream is a lie.

The middle class is closer to becoming homeless than they are to becoming multimillionaires.

Even multimillionaires are closer to becoming middle class or even homeless than they are to becoming multi-billionaires.

Don't fucking tell me to budget and I'll become a millionaire. It's more likely I'll get hit by lightning or lose it all to medical bills.

If this doesn't radicalize you, I don't know what will.

#anti capitalism #late stage capitalism #billionaires should not exist #elongated muskrat #fuck jeff bezos #us politics #economics #math #budget #yip speaks

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thepowerisyouth · 9 months ago

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MONEY / FINANCE STRESS CONTENT WARNING, this next line is unfortunately quite stressful about money so this was an important warning for me to add:

This is also less for the random strangers on the internet who have no reason to trust my advice but more for the 10-15 people I know personally who trust my money advice based on prior experience and Ive sent them my blog link in the last month or two

US stock market is about to tank. On a global perspective its stupidly overpriced because markets like China are hitting 5 year lows (as in we've increased our stock market over 2x since "COVID lows", but their market is even lower than it was then.

Timing is hard but it is entirely possible yesterday was the peak of the market. Might also not tank for 6 months.

Market psychology is fucking weird tho so please absolutely dont 'short' anything, which is basically the same as 'buying puts'. Michael Burry nearly bankrupted all his friends, family, and random investors by insisting on 'shorting' things based on knowledge of impending crisis.

Just sell everything. I mean literally everything. Bond etfs might go up but youd have to have eyes glued to the charts to sell in time. Gold wont do, neither will bitcoin. Their negative correlation to stocks isnt really a thing anymore.

Get every etf, stock, whatever into cash in the brokerage account, then move it out of the banks/brokerage firms and into something physically in front of you because we are, in fact, in another 'historical period of bank runs' its just not quite at the peak yet.

Not trying to increase anxiety beyond nessecary-- its just that any, single bank can immediately freeze your money-- leaving it up to the Federal Government to pay you back-- and it might possibly be the case that youd have to rely on whats called a "bank bail in" to see your savings again.

Not a fun situation to be in, even if it wont happen to most people its just safe practice to do this during a "historical period of bank runs"

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This blog is basically my diary of my thoughts (suprise suprise). But Im an open book, privileged (but poor) little white boy with complex societal/generational abuse and very little home problems so lets fucking go theres a whole mormon cargo van to unpack

Definitely recommend tags Im terrible at them.

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To those reading this, if you have ever met me in real-life or on the internet than you have taught me varying degrees of information which can be randomly retrieved by my brain at any time depending on current CPU performance. Thoughts of my loving husband have occupied my headspace probably 95% of my time since 14 so he has absolutely taught me at least 100x more than anyone else in the world.

When I say "I", oftentimes Im thinking about "me and my husband", or even sometimes "me and my friends/family", or even sometimes "me and society"--- but I am not always 100% aware of the current headspace environment and/or beliefs of the minds of those around me without feedback

---

There are currently over 8 billion individual varieties of the global human language spoken within the mind. Lets start translating them all. Misunderstood words become mean labels.

I fucking hate mean labels

"Math wiz" = racism and/or classism and/or gender shit. Fuck that shit

When a person is niched off into one part of an 8 billion population human society, it becomes impossible to not "live in a bubble". Bubbles change in size constantly even if not visibly observed. Bubbles can be different sizes depending on your current day-to-day thoughts of your own society. Bubbles must pop. Enlightenment implies life only gets better the more times ya pop and lock it

My path away from purely mathematics, logic, and scientific theory began when I met my husband, and for the first time in my life it became important to me not to be an asshole to everyone around me

Ive been told (only after I started dating my traumatized husband tho and helped him heal a lot) that I'm a natural communicator-- and all my life I found myself listening and learning to everything and everyone around me trying to understand both their and my own motivations-- then I like to garble them up and spit 'em out. My memory recall ability is wonky tho and fluctuates highly with nutrient intake-- I'll get into that later

I wish I could have a million years to read every blog on tumblr. I really do. Connecting & communating is extremely important for understanding one another but it takes time

I had an extremely unique childhood (who hasnt lol), enough so to isolate myself quite a lot through sheer dumb luck. My mom is also everyone's favorite school teacher so of course I was learning a lot from a young age. Luckily I glued myself to the first person who wanted to glue themselves to me equally & we grew exponentially closer to eternity

If its still not clear: my husband and I are bored and love chatting with people, but like most internet loving freaks my mouth don't work sometimes well but my fingies do. My ears got fluff a lot but I got eyes for LEDs like a hawk. Wish they werent LED tho

I also have a naturally short sleep cycle (i.e. extra time for this), and I really wont be offended or weirded out by someone reading through and liking 20+ or whatever of my posts at once randomly. Stories are supposed to be read in chunks, and I think of this blog as a story & also workspace for my thoughts that Id love to see which chapters everyone has read through. Also I love (and only respond positively to) positive feedback, yet also suggestions for ways to improve my "theorums". As in, good faith discussions are totally welcome on any post.

For my 50 year old parents reading my blog so lovingly in their limited evening time-- you can sort by tags to see what topics your familiar with, if you play around with the search function while on my page. Mom. Show dad how to do it

In the very, very bottom of my blog I dont even think I managed to tag shit properly-- but its the roughdraft workings of the philosophy, as well as my own logical framework for answering lifes questions. Its 2 months ago so I might not even be writing according to my own works down there anymore idk I change fast sometimes

Last thing for now here is that I was always criticized by teachers for not showing my work, and for not reviewing my tests before turning in, and I pushed back hard because nearly every time I went over and corrected a mistake-- I saw I most often got it right the first fucking time on a pure hunch. I act on impulse when I'm not meditating mostly for efficiency purposes because I believe I'm correct, but remain open to emotionally positive feedback so I can help remove all doubt.

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This might turn into my 'life story' post, as its already going there. Heres what I have so far in the way of my knowledge of my family before I was brought into existence, and my "earliest memories":

Family context:

I dont know jack shit. Nobody talks about it at all.

Here's my own observations Ive made using the framework and perceptive filters I was given--

My whole family is white Texans.

Ancestory is slaveowners of course, further back is a very likely direct parent-child descendent line from the most famous inbred british royalty of the 13th century i.e. King John, whose brother was the arab genociding Richard.

I would call my immediate family as upper poverty class. Its more like poverty with extra privileges cause mental health stigma was the only thing holding them back not other shit too.

As children we had a lot of very privileged opportunities because my parents made a lot of sacrifices to try and bring us back up the class ladder. Lets look into that generational trauma issue

My dads parents (born in the early 40s, dont know the year exactly. I think '43 or '44) were more upper middle class, pretty high income. Owned an insurance business that was very successful by the early 2000s at least. My grandpa is described to me as a "monster" and "violently abusive". I have a single memory of him screaming at me as a young child and I was cowering under a desk, so I really believe it. No other stories at all to provide context.

-- I gotta split this section off I realized I wrote the next thing about post-me context Ill need to move this part lower down later--

My grandpa got early onset dementia, my dad didnt notice in time, and my grandpa bankrupted his successful company and lost several million of dollars to "scammers and sexy ladies."

My dad found out around 2015-16 or so. He told me a little bit after telling me my grandparents were getting divorced. My dad managed to scrape together about $200,000 which is being sued for by the IRS actively.

(He split that money in two, and entrusted me tell him how to invest half in safe value stocks that I handpicked as well as a calculated risk allocation to bonds which we sold for 30% profit the second the market crashed. He gave the other half to a brokerage advisor. I never met the advisor but saw the results. Dont get me started on how the other dude did with that money-- we started this endeavor in January 2020.)

Personally I also dont believe that its possible to spend an entire fortune on scammers and strippers, so Id love to see his books and figure out what the hell went wrong with that asshole. I have a hunch I know something more than anyone else ("Enron", guys, we're talking about an insurance company in HOUSTON, in the 2000s) but I will never be sure without the books.

----

Back to other family--

I do not know a single thing about my grandma on my dads side. She raised me quite a lot, but yeah I literally have only heard her life described to me as "she was a housewife"

On my moms side, my Mimi (also born 1940s but slightly younger so I think 1946 or 1947) came from a divorced, upper middle class family. In 1964-65, She and her step mom both got knocked up the same year so she watched her divorced dad remarry to said step mom when she was 18-19 and getting a shotgun marriage herself, so you can imagine what that was like. The "biological" of the two moms was a very good mom and very queer from what I hear. She died when I was a baby, from lung cancer. Thats all I know. My mimi raised me quite a lot, nearly equally as much as my mom did

My mom's dad, my Papa, came from a rural farming family in East Texas. Dont know much else of anything, but he and his siblings were named "Billy, Bobby, and Betty". As in, they are what everyone likes to call "hicks"

Moving onto my direct parents now. I know a little more about them of course, but since we're getting closer in age to the present-- I think itll be easier to describe my understanding as common stereotypes. If its unclear what I mean definitely feel free to ask, but I'll probably say "I dont really know"

Not much else is relevant other than knowing that my moms family was the mormon one, but that as soon as my dad was love-bombed by the church he joined to. Mormons were also different in the 90s I'm told.

My dad struggled with being one of the "crazy schizos" of the 90s. As in, very traumatized, upset, and gaslit by the government and his parents. Must have done a damn good job dealing with it by the time he was in his late 20s and I popped out cause he was never a "bad dad" to me at all. Definitely yelled and was more angry at times, but less than any other friends parents Ive ever met, and from what I remember he came into my room at night and apologized to me literally every single time within like 5-10 minutes. I know pretty much nothing about him pre-me. He was a tradesman my whole life and specialized in remodeling kitchens & bathrooms (the 'dirty work of construction'). All his initial clientele were the rich people my grandma lived near and was friends with.

My mom would have been extremely queer-presenting and posting on tumblr if born in the year 2000, but was born in early 70s, and was a raegan teen in high-school in Texas during the satanic panic-- she presents completely cis, straight, but has body dysmorphia issues. Thats about you need to know about those issues I'm sure my tumblr folks can assume the rest and be perfectly correct. Cause thats about all I know too and I'm assuming the rest about my own mother

--- Earliest memories

I think a lot of people face doubt about their own earliest memories, maybe hearing the way I connect the images of these events in my head to my emotions I felt will help others do the same.

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Two disclosers about me & my current healthcare discoveries before moving on

1) My only "major" childhood trauma is loneliness. I have a partner now (started dating early high school, nearing 10 years together now) who was just as lonely and we are glued to each others side constantly, and have made our life work great that way. So don't feel too bad reading this, I'm only able to write it down because Ive healed that trauma and can dig this stuff up with no issues to validate the emotions I felt even as a child

1) I believe I have a genetic trait that is only just getting discovered. There are something like 6 discovered mutations that hold this similar trait so far, and its just basically chronic insomia.

It being a genetic trait tracks with how my mom describes me as never settling into a normal sleep pattern at 6 months old, having absurd amounts of nightmares and death anxiety keeping me up at night as a child, and I still dont sleep at any given time. I average 2 hours less sleep than my husband, who averages 7-8 now that he isnt actively being abused at home.

Going to get sequenced but even if negative I'd probably just be a 7th mutation, as they only found the other 6 genes via case study.

The scientists whove discovered it call it "Familial Natural Short Sleeper", if you desire to look it up. They describe the trait like its the best possible thing in the world. Well... terminally chronic insomia is not the best thing in THIS world thats for sure.

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My "earliest memories"

These arent ranked by time accurately of course. Took enough effort digging through my brain to turn them up, not like Ive got a 2003 calendar stuffed in here as well.

I did do my best to sort by first memory but it also might be sorted by the order at which I recovered the memories as being one of my "earliest" when I was a child and asked such things

1. Pure emptiness. I can only describe it as dissociation. I can remember nothing about the environment around me, except feeling suddenly sucked out of it, seeing only darkness, feeling almost a ringing in my ears and the deepest dread possible. This same feeling followed me in life for a little while, but started to take more visual shape when I was an adolescent, until at some point I would see myself sitting in a chair alone in a room that is infinitely sized but that slowly gets darker the further out you go. I cant remember what exact "real-world" event caused this feeling to ever happen each time it did. I just can remember having it happen occasionally when I was awake and doing things. Definitely dissociation. (If you are willing to believe me further I think its just probably "lights out" and being scared of that)

1. Riding a mattress down the stairs. I kind of remember two images, one is the tunnel vision of going high speed down the stairs and the other would be from looking back up at the stairs when I was done going down. Totally fun, probably my first rollar coaster ride. I might remember my siblings laughing too but it wouldnt be because I can remember the actual laughing-- but I can remember feeling the joy of being in a group of people laughing. At the time, my parents were selling the house so thats why I also remember it being a completely empty carpeted room that we were riding down into

2. My brother smashing his head repeatedly into the refrigerator for 'fun' and someone saying "wow he has a hard head" or something along those lines. I was learning english I cant remember exactly what they said but that was definitely the meaning I took from their words. I think this memory is strong, because I was truly very curious as to why my brother was just running at full speed, head down, and headbutting a hard surface. The words someone said after that must have been one of my first 'answers'

3. Watching my siblings play in rare Houston snow. Not much remembering there actually. Probably just thought it was mezmorizing to watch as I just really remember a picture and feeling peace

4. Will add more later.

#mental health #trauma #early memories #life story #family #generational trauma #wealth disparity #memory #self healing #child psychology #diary #math #classism #privilege #cycle of abuse #behavioral economics #psychology #philosophy

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