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File: 72 KB, 1086x704, suzeormanpeesinhercoffee.jpg [View same] [iqdb] [saucenao] [google]
14080269 No.14080269 [Reply] [Original]

https://www.cnbc.com/2019/03/28/suze-orman-spending-money-on-coffee-is-like-throwing-1-million-down-the-drain.html

basically saving $100 bux for 40 years (let say you adjust for inflation of the cup of coffee) would give you $1million (present day) dollars. she uses 12% per annum average returns

even at 7% you would have 250k

my question is why do so few people have money saved up even after requirement. Having gone through essentially what is a century of american expansion in stocks prices, why isnt every boomer rich or at least a good proprotion of them.

for that matter, majority of millinials dont even $500 to their name in case of emergencies

>> No.14080341

Suze Orman can suck my fuckin cock

>> No.14080444
File: 70 KB, 380x349, 1527184016766.png [View same] [iqdb] [saucenao] [google]
14080444

>>14080269
boomers aren't rich because the internet wasn't a thing you idiot. information was gated behind universities and other things.

bogle investing didnt even start until the 70s, and most jobs still had pensions

my grandpappy has a pension, was a member of UAW and isn't rich. Though his pension is probably worth the equivalent of $1mil by 401k standards.

>> No.14080464

>>14080444
boomers autosaved via pensions. they didn't tell their kids to save because they assumed that they'd have pensions too.

today you have to save for your retirement yourself.

>> No.14080486

desu, the productivity coffee gives me is the only thing keeping me from killing myself

>> No.14080491

>>14080464
401ks are far better than pensions. Zoomers these days are so lucky.

>> No.14080493

>>14080464
it's called automatic enrollment into a 401k
pretty soon it will be mandatory.

idk where this idea comes from that boomers are parents of millennial's? my grandparents are boomers and I'm 25. My Mom had a pension at her auto plant as well, prob got discontinued around 05

>> No.14080501

>>14080269
>12% per annum average returns
Fucking boomers I swear

>> No.14080503

>>14080269
Women shouldn't be allowed to have opinions. This has gone too far.

>> No.14080505

>>14080493
that is exactly what European style socialism is
enjoy 50% of your paycheck gone

>> No.14080506

>>14080269
>costs you 1 million
>I just use opportunity costs of 12%

Jesus. I work in the financial industry and 12% is insane. How can people believe such disgustingly wrong numbers? But then again I realize normies just have no concept of how to quantify reality into actual numbers. My sister just told me yesterday China has a huge man surplus because 90% of the babies born are men. I mean there is a grain of truth but holy fuck normies just have no concept of numbers. So here they assume easy peasy returns of 12%

>> No.14080512
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14080512

>>14080269
>12% per annum average returns
this is possible long-term only if you are investing prodigy ffs

>> No.14080515

>>14080491
For most people a pension is better if it is properly regulated.

>>14080493
My parents are boomers and I'm a millenial. Same pattern for most of my friends.

>> No.14080517
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14080517

>>14080505
I already contribute 22% to my 401k, contribute to a 529, contribute 50/wk to my HSA (employer match brings it to annually about $3k), currently working towards a roth IRA but have to save $1000 for vanguard.

Plus I'm paying taxes, so cry me a river

>> No.14080545

>>14080515
Pensions are always invested in shitty bonds that generate miserable returns.

>> No.14080557
File: 207 KB, 498x498, honkler.gif [View same] [iqdb] [saucenao] [google]
14080557

>>14080505
>50%

sweet summer child.
The AVERAGE wageslave in Germany gets about 45% of his gross income deposited into his bank account. From this 45% he can pay all the other taxes, fees and forced contributions and ends up with about 30% in his own pockets. In any other context you would call this slavery.

t. neet who won't enslave himself to fund arabniggers, niggerniggers and bottom feeders

>> No.14080572
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14080572

>>14080506
The majority of people is just below average.

>> No.14080578

>>14080505
>t burger who never left his own bakyard
you spend a lot more on healtchcare/enemployment/retirement in the US than in Europe, just because you get to receive it on your bank account doesn't mean you keep it, unless you're a nigger and don't plan beyond the end of next week

t.lived and worked in 4 different Euro country, and 3 different US cities

>> No.14080599

>>14080557
>neet who thinks it's above niggers
Kek, you'll hang next to them when we clean up the world. Enjoy your meaningless days while they last...

>> No.14080600

>>14080578

In Germany you slave until 65 (soon to be increased) to get 42% (soon to be lowered) of your income as pension, which you get then pay taxes on again.

why even bother?

>> No.14080643

>>14080600
Cos the alternative is being a depressed neet.

>> No.14080651
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14080651

>>14080269
>>14080341
>>14080444
>>14080464
>>14080486
>>14080493
>>14080501
>>14080505
>>14080512
>>14080515
>>14080557
>>14080578
>>14080599
>>14080600
>>14080643
>$1,000,000 coffee standard

>> No.14080725

>>14080643
t. already has internalized being a slave

>> No.14080748

>>14080643
Nope. I own real estate which I rent out and am currently working everyday on turning another property from a 50k shithole into a 100k not so much a shithole. I'm just very careful to never get above the taxable threshold in my income, so I get to keep my money for myself. 19% VAT is more than enough to pay for infrastructure.

>> No.14080823

>>14080493
>I'm 25
So you're a millennial

>> No.14080880

>spending $100/month on coffee
Thanks for the revelation, Sooz.

>> No.14080884

>>14080269
>>14080269
i really doubt this. i have $5,000 saved in a 401k and it has grown by like a thousand or so, but its not going to turn into 1,000,000

>> No.14080895

>>14080506
this. i want to know how she is relying on 12% return per year. if i was getting 12% every year on my $5k i would be rolling in dough by the time i retire

>> No.14080899
File: 60 KB, 600x578, grind.jpg [View same] [iqdb] [saucenao] [google]
14080899

>>14080269
sure skipping coffee saves some money but you'll miss out on the health benefits and those good feels that comes with having a cup

>> No.14080926

>>14080269
Or .... you could just make your own coffee for a fraction of the price

>> No.14080954

>>14080444
boomers are rich because they lived in an age where the CIA overturned foreign governments of brown people to maintain the petrodollar as the strongest standard of currency in the world, as well as destroying other economies (like Japan) to give US companies an unfair advantage

>> No.14080987

>>14080823
Yes retard and my mother wasnt a boomer.

>> No.14080993

>>14080269
Why are so many fat? It's exactly the same reason that so many people are poor.

No self control, no concept of delayed gratification. That's really all that it comes down to. People are poor because they're following the herd and not willing to do what's required to change their situations. It's not something that will ever change, therefore the best thing to do is to find a way to profit from this predictable behavior.

>> No.14081015

I make my own coffee. Way cheaper and tastes much better than piss from starbucks.

>> No.14081023

>>14080269
How is this news. How does this arrogant woman think she's telling anything of value ?

>> No.14081039

>>14080557
>NEET
You ARE the bottom feeder

>> No.14081053

>>14080993
>and not willing
Disregarding people who have a handicap, low IQ, anger issues, are very ugly. etc etc.

>> No.14081064

>>14080269
How much has she wasted on make up?

>> No.14081071

>>14081053
None of those prevent you from making money dumbass. You'll find plenty of low IQ angry ugly retards who have amassed fortunes.

In fact there's absolutely no correlation between IQ and wealth.

>> No.14081081

>>14081053
Most guys (and girls) on the Forbes rich lists aren't exactly models, and most don't actually have above average intelligence.

>> No.14081625

>>14080987
So you're a white trash dumpster baby from a 15yo mother

>> No.14081633

>>14080269
bullish for chainlink

>> No.14081636

>>14080269
>(let say you adjust for inflation of the cup of coffee)
$1000 EOY

>> No.14081666

>>14080517
Jesus Christ dude. I have a 401k too but only put in enough to get my employer match. You're pumping boomer bags.

>> No.14081677

>>14080493

Im a 28 yo milennial and my parents are definitely boomers same goes for everyone I know. No idea what youre on about..

>> No.14081687

>>14081666
Yikes

Also 12% returns is a fucking lot year over year. Market usually returns 5-8

>> No.14081704

>>14080269
you're not just retarded


you're calcified.


Please take 5g dried magick mushrooms in the dark

>> No.14081712

>>14081677
a boomer is a baby boomer you retard

https://en.wikipedia.org/wiki/Baby_boomers
The Baby Boom generation is most often defined as those individuals born between 1946 and 1964.

>> No.14081734

>>14080269

>she

Look at that fucking face dawg....that's a man dawg

>> No.14081753

>>14081712

My parents were born in the '50s so yeah they're baby boomers you colossal retard.

>> No.14081763

>>14080506
>>14080895

12% is S&P500 index funds lmao

finance industry boffins btfo

>> No.14081773

>>14081712
Wrong, a boomer is someone older than 30 years.

>> No.14081798

>>14081734
its called the wall

>> No.14081853

>>14080899
I think she means starbucks tier overpriced coffee. Make your own home cheap. Didn't read article.

>> No.14081946
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14081946

>>14081853
i always make my own coffee, id still save money if i didn't. not remotely as much tho

>> No.14082108

>>14081071
>In fact there's absolutely no correlation between IQ and wealth.
cool imaginary fact retard

>> No.14082180

>>14082108
Do your research on the topic you imbecile. If there was a correlation then the Einsteins' of the world and 200 IQ autists would be the wealthiest. That is simply not the case.

>> No.14082253

>>14081712
t. coping 30 yo boomer. Face it old man, you’re a boomer.

>> No.14082282

>>14080501
Warren buffet did like 16% over 200 years I think, this bitch doesn't know what she's talking about

>> No.14082296

People who penny pinch fucking coffee (what is it, like 25cents a scoop if you make it yourself??) are retarded. Who cares about <$1/day? Most people blow $40k on a car or $50k+/year on rent because they are brainwashed to think they should spend X% of their income on either, not even including interest on any debt. And if you are poor enough where $1/day matters you should spend 100% of your time thinking about how to make more money not how to turn that $1 into $100 after 40 years lmao.