/biz/ - Business & Finance

you can live hundreds of years by drinking distilled water and avoiding red meat. rothschilds confirmed this.

Linear time does not exist, "aging" is simply the delta between the rate of accumulation of inorganic minerals and toxins vs. the ability of the human body to process those toxins

401k is the biggest scam imho
Fuck that crap

Lol my retirement age at current saving/investment pace is 39. Yall can circlejerk about this loser neet lifestyle bullshit all you want instead of getting your act together and behaving like normal adults. But at the end of the day, I will be living off of dividends while you're still here contemplating how to make it every single day. Enjoy faggots

>>12462761
>100% guaranteed gain for each % you put in
>plus tax benefits
>scam

>>12462785
muh tax benefits!!!!

>>12462785
tax benefits you're not even going to live to see. gullible fucking idiot

>>12462793
see
>>12462752

I'll consider it insurance in case I do live into old age and am too much of a pussy to exit. Having to get a humiliating pointless job as an old person sounds like hell.

>>12462777
>hurr look at me im so smart why cant everyone just retire at 39 like me checkmate atheists
are you that faggot that just goes around in threads bragging about how "smart" you are and trying to make it seem as if it's applicable for 99.999% of other Westerners. just fucking kys you out-of-touch arrogant faggot.

>>12462785
You literally can't cashout. And when you die before being able to draw from it, it goes to your spouse or kids and they really litterly can't cashout. They have to wait until they are old enough to draw from it.

>>12462707
I'm sorry about your aunt. Investing for retirement means more than investing money in index funds. It also means investing in your mental and physical fitness by doing lots of exercising and reading. You must also find a career you enjoy, or one you can at least tolerate until you find something enjoyable. Keeping stress levels healthy is obviously very important. So all in all, people who invest for retirement while living unhealthy lifestyles all throughout their working lives are indeed setting themselves up for an earlier than expected death. Truly unfortunate. You must find a balance. Also, meditate frequently. That is all.

>>12462752
Schizophrenia: The Post

>>12462707
Absolutely true. And oh my let's not even mention inflation!

>muh compound interest
What about compound inflation?

Duh they pic ages like 59 or whatever because the computer knows very few will live to that day or hold until then

>betting against the 80% chance you will live to retirement age
>not getting more satisfaction from watching your wealth snowball passively into a larger and larger number than blowing the money on a fancy car or boat

>>12462965
Who cares about being rich when your riddled with health problems lmao

>>12462851
>he can't comprehend that hte concept of Time was a Jewish invention to trick the goys into falling for religion and "end of times" myths to keep them perpetually enslaved

Rise up gamer

>>12462844
It should also be mentioned that, if you live fairly frugally and cut a lot of the material bullshit out of your life, you'll likely end up with a fair degree of cash at the end of each year. You can put this extra income to use by investing it in a retirement account. If you do make it to retirement age, you'll end up thanking yourself.

I unironically took the penalty and cashed out my 401k (around 14,000), to go all-in on REQ back in April 2018.

I nearly lost it all on Mex later, but got lucky and went from 1k remaining to 10k in total fiat now, which I have sitting entirely in SEED, the biggest Tron SR token. AMA.

>>12462991
IF you're riddled with health problems. The likelihood of experiencing health problems is fair when advancing in age. You can, however, decrease your risk of experiencing severe health complications by practicing healthy living. See >>12462844

>>12463016
>SEED

Uhh, looking at the chart it looks dead bro. you lost your 10k

>>12463004
>He fell for Pagan monism and is trapped in dialectics

>>12463037
Fuck off schlomo if you have even half a brain you are better off investing your own money rather than some Ponzi 401k

>>12462844
my aunt never smoked, drank, or did drugs. she ate healthy. just worked a lot.

stress is literally worse for your body than drugs or smoking.

>>12463051
I do invest my own money. The 401k is a tax provision. I control where the money I invest goes by picking which fund the money is entered into. Most company plans will offer options for investing into low cost index funds, which is were my money goes.

>>12463038
I get passive income from every project funded by them, and a bunch are releasing end of this month early feb. You can always convert your SEED for at minimum a 1:1 ratio for TRX on their site, so unless Tron just fucking dies somehow, I have a minimum my investment can go to.

I'm earnestly expecting SEED to do a 10x when Tron starts getting even more popular from people wanting to get in on their ICO's and get passive income from them, and then I'll have around 4.6mil TRX. At which I wait for TRX to do a 10x and I'm a millionaire.

>>12462991
The security there is worth more than the joy of spending the money, even if I don't make it to 60.

For example at 33 my 401k already holds 200k due to the market growth over the past decade and maxing out the contributions. I can stop contributing today and odds are by the time I retire I will be a multi millionaire just based on the interest, tax free. The satisfaction of waking up and seeing my wealth increase by more a day on interest than when I was maxing out my contributions as a man fresh out of college is priceless and so satisfying. Just knowing your money is working for your twice as hard as you are working for it and you are taken care of regardless of what happens.

Also with technological progress I plan on living a very healthy and exciting life at 60, mostly in part to that money I will have. You'll learn to appreciate it when you're older though.

>>12463075
You're aunt sounds like she was a fine woman. I agree with you in that stress really is a terrible thing. It is my opinion that stressful jobs are a poor choice, even if they pay more than something much less stressful and more manageable. Of course, some people can find peace in a career in which others can't. It all depends on you. Too many people are fixated on money, when the primary concerns should be stress levels and enjoyment.

>>12463016
>pay a penalty and tax on your withdrawal
>gamble the money away on shitcoins
>get extremely lucky and still be down 4k on your withdrawal
>banking on some random shitcoin nobody ever heard of doing a 100x in a massive bear market
>even if you did make it somehow you're going to lose 40% of that million to tax

Yes, good goy. Us brainlets putting a decent chunk of savings into our 401ks are the good goys.

>>12463007
Yeah, what this anon said.
What a concept. Saving cash instead of blowing it on useless shit! Read "Millionaire Next Door". Good book.

>>12463129
You talk like a fucking boomer shill. People are fixated on money because pursuing a career in philosophy doesn't pay fucking rent over working at mcjobs for $15 an hour. Going to school adds thousands in debt, so who are you to say "She should have followed her dreams and not worried about money".

You assume everyone has a bachelors in their dream field and are choosing by will to make more money over it, instead of doing whatever to scrape by.

Fuck off, saving for retirement is a scam because it causes people to assume they'll finally get to relax when they're 60 and only have a few years left to enjoy it. It's a way of thinking implanted in the minds of the workforce to help them be okay with slaving away, knowing that if they just endure it, they'll have their day.

Retards expect to be rich and wait till retirement to collect, smart people spend their life figuring out how to make it before then.

>>12463216
This.

>>12462752
That is not how aging works, kek

>>12463216
Many people are forced into those jobs out of their financial situations, it's true. I should have said to pursue something both realistic and enjoyable, if possible. If you are in a bad situation, try to make the most of it and look for opportunities wherever they present themselves.

>>12463216
Stop the superiority complex dude. You literally bought the top and now are shaming people for investing 5% of their income for a likely retirement when it comes with tax benefits and in most cases an instant 100% match.

You're referring yourself as smart for picking out a random shitcoin and praying it 100x's. Smart people bought Bitcoin 3+ years ago. You are just another retarded sheep trying to get rich for nothing that's gonna be a Walmart greeter when you're 70 while the savers will be fucking their robot waifus with their augmented 10 inch cock.

>>12463283
it's not possible though

>>12463408
Not possible? I won't pretend to know what the situation was, but impossible seems like a stretch. There was really no way she could have lived a life where stress didn't end up killing her? There was no way she could have pursued a tolerable, or even enjoyable, job? There was no way she could have made peace with the work? I'm not trying to antagonize the people who hold terrible jobs out of necessity, but there must come a point where, after patience and diligence, greener pastures become available. It may be hard, but impossible seems like a stretch.

>>12463468
for the vast, vast majority of people, it's not possible. and even if she did go somewhere else for greener pastures after 10-20 years time, the damage was largely already done.

>>12463491
I wouldn't surrender myself to that attitude.

>>12463087
>I can stop contributing today and odds are by the time I retire I will be a multi millionaire just based on the interest, tax free
A couple million 30 years from now will be a joke.

>>12463576
2 million 3 years from now will be the equivalent of 1 million today. Still a ton of money and by no means a joke

>>12463616
30*

>>12462752
>completely neglects cell-level biology, doesn't mention telomeres once
fucking 2/10, only because I'm replying, but please try harder, thanks.

>>12463616
3 years? Sure that seems reasonable. But I don't think you quite understand just how fucked the usd is going to be over the next decade.

Why does anyone even bother with 401ks are muh tax benefits really worth locking up your money until youre an old fuck and might not even live to use it?

>>12462785
rule of thumb:
if it's easy and safe it won't be significant, because more people will be doing the same thing and resources are limited.

The entire america is investing in 401k, where does the money come from? For everyone to win in the country the money has to flow from overseas, but other countries also have their own 401k.

The only way this can be sustainable for all is if some workers die before retirement or before they can spend anything. This is a ponzi no different to btc but people are too self centered to think further than what is immediately around them

what you said about eating less meat and distilling water is great advice though

>>12463720
>>12463720
It's not safe, and it's not easy.

https://www.bloomberg.com/news/articles/2017-02-21/two-thirds-of-americans-aren-t-putting-money-in-their-401-k

Add onto that that most of them aren't investing significant money and a lot of them panic sell the bottom during crashes. Also, unlike crypto prices aren't driven by finding a bigger retard to buy your bags at a higher price, it's driven by earnings. As long as people are still living, they will need to buy food and the latest smartphone. Stocks are a financial instrument of the elite and 401ks allow the average Joe to be a part of that with a small advantage. Hell, it could be argued that even the withdrawal age limits are to protect the little guy, because it makes them think twice before cashing it out to buy a BMW or Bitcoin at 20k. And if you do really need the money you can still take it out with taxes and a 10% penalty and still be ahead. There's literally no argument for not taking advantage of one as much as you can.

>>12463720
who gives a fuck, if your boss is matching it its a guaranteed gain no matter how you spin it

>>12463720
>For everyone to win in the country the money has to flow from overseas

he thinks the economy is a zero sum game...oh boy

wealth or resources can be created

Yeah I realizeed ages ago that I will certainly not live past 50, and even up until then tomorrow is never promised. Fuck saving for retirement

>>12462851
Stupid isn’t a mental illness

>>12464102
the assets you worked for your entire life should be sufficient for your retirement anyway

>caring if you die by 60
>not taking pride in building generational wealth that, combined with the proper raising of the child, will secure your legacy at the top of society for centuries

>>12462707
>ctrl F LINK
>0 results
LINK is unironically my retirement plan. In fact I have stopped contributing to my 401k and borrowed the max to buy more LINK
>t. 32 year old zoomer with a 58k stack

>>12463087
>you are taken care of regardless of what happens.
Don't count on it anon. Your money can be easily inflated out of value. I would not count on seeing a single penny. Future generations have no obligation to support your old ass. My pension is 250k and I don't expect to ever see a single dime.

i have $350K generating 20K in passive income. If I do nothing other than reinvest the dividends/capital gains and I get a below S&P500 average of 7% a year, I'll have 4.5 million in 30 years. That is nothing to snuff at, especially since most people in my family have lived past 90

>>12462752
>avoiding red meat
Wrong. It matters how you cook it/if you cook it at all.
Carnivore diet has some of the lowest inflammation markers of all of the diets and is also highly regenerative. Can confirm, have ulcerative colitis and skin problems, switched to carnivore now I feel amazing.

>he bought into the jew tactic of avoiding meat
jews are natural basedboys

>>12464482
>basedboys
fuck i thought i could beat the 4chan wordchanger
s 00000y b0yz

>>12464482
Eating animals is eating one's own. It is not a FOOD SOURCE per se, but cannibalism.

Consider another source of food. Plants.

Along the YIN YANG meridian, plants are opposite/complementary in most respects. Life forms, sure, and many realize now sentient.

However, plants and humans are symbiotic! One respirates Co2 and the other o2. One cannot live without the other!

Plants take non organic elements from the earth and make them digestible for humans. In fact, the only true source of minerals for human consumption come from plants. Elemental sources cannot be metabolized and end up causing sickness and death in humans.

Laughing out loud!

Human faeces is PLANT FERTILIZER! That which is SHAT is life giving food to plants!

Humans and plants have evolved together. There is much WISDOM which plants can impart to humans. One need only EAT!

>>12464513
gtfo peta i'll make a steak tonight in your honor

>>12464513
Plants have natural chemical defense mechanisms, that when eaten, attack your immune and nervous system over time.

lmao these plebs dont even know about the 72t rule

based and redpilled. I cashed out my 401k when the dow hit 26k and even with the 10% early withdrawal fee I made 40% on it playing ETH.

kek, keep sniffing the kike dream faggots. Even if you have retirement money, who the fuck wants to have millions when they are old and have been beaten down by kike ownership in everyday life. Congrats on giving kikes full control of your long term plan

>>12464430
It can't be inflated out of existence in the market, as the market grows with inflation. It's possibly the best hedge against inflation. But you're right nothing is certain but if it does get wiped we're pretty close to a post apocalyptic existence anyways.

>>12464597
By the time you pay taxes, your 10%, and then taxes on your ETH profit you would have been better off leaving it in the 401k. And you got fucking lucky which makes it even funnier.

KYS

>>12464534

It depends on your blood type

https://www.webmd.com/diet/a-z/blood-type-diet

>>12464769

Offset taxes with 2018 crypto losses. Enjoy being a kike puppet faggot. The system is so easy

>>12464513
The fact that a plant based diet is lacking in so many essential vitamins and nutrients makes me think that its not an optimal diet for a human.

>>12465220
Yes, and the food pyramid is suspect. Everything is a soft kill.

>>12462707
union and company pension feels nice.

>>12464513
0/10
Literally mentally handicapped

>>12462707
i actually agree
i believe in intermittently living like you're retired when you're young

like I'll work 3-4 years, live below my means, save a lot, do the daily grind, and then take 1-3 years off, do a bit of investing, work on side projects/businesses at my leisure, and then repeat.

It's not ideal for long-term planning, meaning if I make it to like 60-80 years old I'll be worse off than someone who just stuck with the grind the entire time, but I've been able to periodically enjoy myself throughout my 20s and 30s so far without really even being wealthy, just doing the flip-flop on career commitments. So far I'm pretty happy with my strategy but I guess I'll see how it all pans out in the end.

>>12462752

>>12464780
Fuck you’re dumb. Blood type is based on an arbitrary set of proteins expressed and exposed on the surface of red blood cells, nothing more.

>>12465408
I'd love to do that, too bad though that the employment gap looks really bad and you'll have no negotiating power even if you do get the job.

>>12462820
Kek I aspire to reach OP's level of acerbic distaste for all forms of faggotry.

>>12465220
except its not. go look up hempseed/flaxseed. its literally the perfect food, you dont need anything else

>>12462836
You can cash out when you quit your job.

GOD TIER PLAN COMING THROUGH
STEP ASIDE PLEBS

>>12463168
This is the most normie-dom tier interpretation of "investing" -- you are completely tying your future financial well-being to the likelihood of success of our current Keynesian political economy, which is shitting out endless amounts of debt. You'll be lucky if the U.S. government remains a unified entity by the time you're 70, let alone keep the fiat experiment going by then. Take your retarded normie-tier logic off of /biz/.

>>12465638
And get hit with a massive tax bill. Sounds great.

>>12465688
Yeah, the system is fucked and they're gonna get it either way, through your money or your life energy. In actuality those are the same thing and we're all slaves. There's no escape.

>>12462707
This is actually important to keep in mind. Everybody keep assuming that they will live until 85 but people die in their 30s all the time.

It might actually be better to use money to have fun while you're young with a healthy body instead of not being poor when you're 80. When you're old most likely you'll just want to sit around watching TV anyway and that is cheap.

>>12462707
I'm front loading my retirement by maxing out my 401k and 457b for 12 years. I'm in year 6 now so 6 more years and I'm done. By then I'll be 36 and as long as I don't touch the money and it grows on average 7% a year I should be set once I'm 65. Just save a lot when you're young and let compound interest do the rest of the work.

>>12465645
Yeah I max out my 457B as well.

>>12462707
oh yeah well a guy i know retired at 21 when he cashed out his 5000 ethereum in jan 2018.

also, my grandpa is 94. still walks, still talks, still lives off the interest of his retirement money.

also, my dads friends sons fathers brother retired last week from his engineering job and he's 66. healthy as a horse.

>>12464452
Yeah, you will be afford a nice room in a nursing home by the time you have those 4 millions. If you only were more intelligent and could retire earlier to enjoy your wealth while still young

>>12464482
>Wrong.
Anytime someone starts a post with this, I instantly stop reading and assume they are sub 80 IQ ignorant trump bois.

>>12462707
My plan is to split investing into three things
>Regular investments (right now the bulk of my investing)
>Retirement Investing (401k into a Roth)
>Housing
My goal is to use my regular investing and home investing to retire early, then coast off that until my Roth and Social security comes in. I don't think there is a problem with retirement investing but I first want to make sure I have enough money I can access now if I needed it through regular investing. I might ramp up retirement investing once I hit $500,000

I plan to live a long time, I eat healthyish and work out. My dads grandparents eat like garbage and smoke like 2 packs a day and they are still kicking it and my moms sides grandparents are they same, also my great grandparents lived a long time as well.

Health is the greatest investment, If you assume you live 8 years longer and it takes you 8 years to double your cash eating healthy and working out could be a multi-million dollar gain.

>>12462707
I expect large amounts of inflation and a depression level market crash lasting multiple years. I put a little in the 401k just to be safe but i save 40% in gold.

Imagine being retarded and not knowing how to withdraw early from a 401k without paying penalties.

>>12467792
go on...