UPS workers 20-30yo need BEWARE whats coming

[Over70irregs]

Not looking to scare but to prepare you. If your young 20-30 yo stacking into big funds like SP500 time is NOT your friend. Your older workmates were able to stack while inflation was lower. Taxes and inflation are going to rocket and leave you with unit bias amounts with hardly any buying power. Older guys had close to 30 years to stack. Every $1 investment got them $9 back! Note SP is 500 companies take away top 7 your toast. Ask the old guys about CISCO. Plan accordingly.

 

[Thebrownblob]

Not looking to scare but to prepare you. If your young 20-30 yo stacking into big funds like SP500 time is NOT your friend. Your older workmates were able to stack while inflation was lower. Taxes and inflation are going to rocket and leave you with unit bias amounts with hardly any buying power. Older guys had close to 30 years to stack. Every $1 investment got them $9 back! Note SP is 500 companies take away top 7 your toast. Ask the old guys about CISCO. Plan accordingly.

Hopefully no one listens to you. This is the kind of nonsense. People said when I was younger to dissuade me from investing, I would’ve been poor now.

Smart people diversify accordingly and do not listen to fools.

 

[Over70irregs]

Hopefully no one listens to you. This is the kind of nonsense. People said when I was younger to dissuade me from investing, I would’ve been poor now.

Smart people diversify accordingly and do not listen to fools.

Which is why boomers advice is to be scrutinized. (Young people take heed) Older generation need you to buy their houses and get in debt to continue a RE/Bond/Stock ponzi. Why diversify into dying assets and end up here

 

[Thebrownblob]

Which is why boomers advice is to be scrutinized. (Young people take heed) Older generation need you to buy their houses and get in debt to continue a RE/Bond/Stock ponzi. Why diversify into dying assets and end up here
View attachment 506723

You must’ve had bad boomer parents. My parents did not put any corporate ladder climbing expectations on me. Told me money was not the key to happiness. Stay out of unnecessary debt. And if I wanted to be rich working for myself would be the way to go.

 

[Over70irregs]

You must’ve had bad boomer parents. My parents did not put any corporate ladder climbing expectations on me. Told me money was not the key to happiness. Stay out of unnecessary debt. And if I wanted to be rich working for myself would be the way to go.

TY. Young people now you know. Especially UPS workers. Guys with high seniority had time on their side and do NOT work for themselves. You don’t have time to play it is accelerating faster than ever before. Plan accordingly.

 

[Thebrownblob]

TY. Young people now you know. Especially UPS workers. Guys with high seniority had time on their side and do NOT work for themselves. You don’t have time to play it is accelerating faster than ever before. Plan accordingly.

UPS is a little different animal than most. Well I agree you would not get rich working here. You certainly can be very comfortable the wages, benefits, and retirement. Are hard to find.

Entrepreneurship is the quickest way to wealth if that’s what you’re after.

Of course it’s risky and it’s also the quickest way to be broke.

 

[Brownwind]

Not looking to scare but to prepare you. If your young 20-30 yo stacking into big funds like SP500 time is NOT your friend. Your older workmates were able to stack while inflation was lower. Taxes and inflation are going to rocket and leave you with unit bias amounts with hardly any buying power. Older guys had close to 30 years to stack. Every $1 investment got them $9 back! Note SP is 500 companies take away top 7 your toast. Ask the old guys about CISCO. Plan accordingly.

Buy a piece of property or a turnkey business. Sell it and move on

 

[rickyb]

You must’ve had bad boomer parents. My parents did not put any corporate ladder climbing expectations on me. Told me money was not the key to happiness. Stay out of unnecessary debt. And if I wanted to be rich working for myself would be the way to go.

why did they say working for yourself is hte way to go?

 

[rickyb]

Hopefully no one listens to you. This is the kind of nonsense. People said when I was younger to dissuade me from investing, I would’ve been poor now.

Smart people diversify accordingly and do not listen to fools.

i think pick a stock when a recession starts, and hold on for 15 years.

thats what i wish i did

 

[rickyb]

Not looking to scare but to prepare you. If your young 20-30 yo stacking into big funds like SP500 time is NOT your friend. Your older workmates were able to stack while inflation was lower. Taxes and inflation are going to rocket and leave you with unit bias amounts with hardly any buying power. Older guys had close to 30 years to stack. Every $1 investment got them $9 back! Note SP is 500 companies take away top 7 your toast. Ask the old guys about CISCO. Plan accordingly.

get a wife, get a prenup first, save 50% on housing.

 

[rod]

Which is why boomers advice is to be scrutinized. (Young people take heed) Older generation need you to buy their houses and get in debt to continue a RE/Bond/Stock ponzi. Why diversify into dying assets and end up here
View attachment 506723

Welcome to the real world.

 

[rickyb]

Welcome to the real world.

the real world is bull

its based on lies.

 

[rod]

You must’ve had bad boomer parents. My parents did not put any corporate ladder climbing expectations on me. Told me money was not the key to happiness. Stay out of unnecessary debt. And if I wanted to be rich working for myself would be the way to go.

My Parents said "if you want to be rich you are on your own" They didn't have much money. I learned early on that getting a paying job was the key to making money. I had GREAT parents. They let me have ANYTHING I wanted as long as I bought it myself and paid all expenses that came along with it (fuel, insurance, upkeep, etc.). This is the reason I drove a moped starting in 5th grade when everyone else had bicycles. I had a paying job from 4th grade on.

 

[rickyb]

My Parents said "if you want to be rich you are on your own" They didn't have much money. I learned early on that getting a paying job was the key to making money. I had GREAT parents. They let me have ANYTHING I wanted as long as I bought it myself and paid all expenses that came along with it (fuel, insurance, upkeep, etc.). This is the reason I drove a moped starting in 5th grade when everyone else had bicycles. I had a paying job from 4th grade on.

no for you it was timing as well.

your dollar had more purchasing power back then.

 

[rod]

no for you it was timing as well.

your dollar had more purchasing power back then.

If you would have invested your allowance instead of just playing video games in your parents basement for years you would be rich now. You missed your chance--------I didn't.

 

[rickyb]

If you would have invested your allowance instead of just playing video games in your parents basement for years you would be rich now. You missed your chance--------I didn't.

do you remember your wage and the cost of your car, insurance, gas, etc
min wage peak purchasing power was 1968
its dishonest to just say "oh yea i just worked hard" when part of the truth is your purchasing power was higher. if you dont know that, then you get a pass

 

[rod]

do you remember your wage and the cost of your car, insurance, gas, etc
min wage peak purchasing power was 1968
its dishonest to just say "oh yea i just worked hard" when part of the truth is your purchasing power was higher. if you dont know that, then you get a pass

I started UPS as a RPCD at $6.75 an hour. I can't remember what car insurance was back then but it wasn't cheap--I had a car and a truck and was under 25. NO -- my parents didn't buy my insurance --as a matter of fact they wouldn't even let me tag on to their policy --I had to but my own policy. I vaguely remember it costing me a weeks pay just for insurance for a month.

 

[rickyb]

I started UPS as a RPCD at $6.75 an hour. I can't remember what car insurance was back then but it wasn't cheap--I had a car and a truck and was under 25. NO -- my parents didn't buy my insurance --as a matter of fact they wouldn't even let me tag on to their policy --I had to but my own policy. I vaguely remember it costing me a weeks pay just for insurance for a month.

mom paid 1.5x her clerk income for a big 1 bedroom with a view in a big canadian city.

now it would be maybe 15x for same thing.

i remember gas used to be 39.9. i never paid for it at that price. its way more now.

 

[rickyb]

I started UPS as a RPCD at $6.75 an hour. I can't remember what car insurance was back then but it wasn't cheap--I had a car and a truck and was under 25. NO -- my parents didn't buy my insurance --as a matter of fact they wouldn't even let me tag on to their policy --I had to but my own policy. I vaguely remember it costing me a weeks pay just for insurance for a month.

we had a "liberal" govt that retards kept voting for, and i remember i had no car insurance discount when i started, and every year i kept getting more discount for good driving, but they kept increasing the costs for car insurance so it was a wash

they put in toll bridges which the next pathetic left wing govt got rid of thank god.

 

[IVE GOTTA PACKAGE 4U]

Not looking to scare but to prepare you. If your young 20-30 yo stacking into big funds like SP500 time is NOT your friend. Your older workmates were able to stack while inflation was lower. Taxes and inflation are going to rocket and leave you with unit bias amounts with hardly any buying power. Older guys had close to 30 years to stack. Every $1 investment got them $9 back! Note SP is 500 companies take away top 7 your toast. Ask the old guys about CISCO. Plan accordingly.

Sloan steady wins the game.

Spent west in your lake and invest the rest