FYP
Lol āonceā we go into trillions of dollars of debt lol. Weāre already there big time. Hilariously thatās about to backfire hard on the Boomers when they devalue the currency monetizing the debt. Yeah your house is still worth 250k when you paid 50k for itā¦ but the 250k is going to be worth ~150k in todays money. Ditto for every single asset/income stream you own. Meanwhile my earning power is going to keep up just fine as is the valuation of my small business.
Not sorry the Boomers can get fucked.
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In many cases, they donāt understand the bolded. Like, they voted in their self-interest with no thought whatsoever to who would be impactedā¦ And they tend to assume that everyone elseās experience is just like their own.
Like dive into the mind of a 65 year old white guyā¦ Youāre 30 and poor? Must be a lazy piece of shit. Youāre black and a cop shot you? Must have done something to piss him off, theyāre always so nice to me! Not going to have social security when you retire? LOL stupid millennials and their fear-mongering and complaining. Itās the third rail, they canāt kill it!
Top 1% is probably 150-200K for the late 20ās/early 30ās. But if you just started making that much, and want to pay down some debt and get ahead on savings for retirement, house, etc, that could easily be ānot enoughā to have kids.
Ding ding ding. Also just because Iām comfortably making that doesnāt mean Iām stably making that. Iāll be lucky to break six figures this year because of the conditions in the trucking industry (I had to let my one employee go in April because there was no work for him and he didnāt feel like doing salesā¦ but Iām doing really well relative to other people in my position who are thinning out as we speak). Iām also at a precarious moment where I could still absolutely regress economically if I donāt keep the pedal to the metal. Having kids and āmaking timeā would be a huge game changer, and make that significantly more likely.
Look itās the golden age of the high end freelancer, and Iām benefiting a lot from thatā¦ but I just sent my wife back to work. She was working on the business, but thereās not enough work to keep me busy so we sent her back to nursing to go get us some health insurance and some extra cash to make up for how things have been going on my end this year.
Thereās no guarantee out there that my place in the upper middle class is secure today. I spent 3 years seriously worried about Amazon and/or Uber showing up and just ruining my whole industry until both threats recently receded. Thereās a lot more chaos on the horizon and I donāt have much in common with some Boomer in 1984 with a good corporate job making about what I make. That Boomer was a LOT safer than I am right nowā¦ and did basically the same thing I do.
As always, income is a bad measure of economic health
edit:
and donāt wait too long on kids, or you may get a nasty biological surprise. Humans are still genetically designed to have kids early.
Yeah weāre waiting another 2 years or so max.
I wonder if guys get something like that going on. I know I dated girls who were essentially baby crazy during their time. I know having a kid enters my mind as a likely inevitability of getting into a relationship. Maybe itās not biologically programmed into me, but Iāve probably thought about it more in the last year than I did in my entire 20s.
Never had the urge. Even being around nephews never felt like I was missing out.
How old are you?
old enough to be sure (late 40s)
Fair enough.
The only thing I would say is that your reactions to nephews and nieces is not necessarily a good test for how you would feel about being a parent. Being a dad is one of lifeās rare, truly unique experiences. Thatās one of the reasons itās so hard to decide whether or not to have kids: a person without kids is not a competent judge of what itās like to have kids.
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I was locked in to not having kids then my ex got pregnant and here we are. My net worth is orders of magnitude less than it would be without a child but Iām still better off
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My family has what Iād consider great insurance via employment (obviously USA #1). A few months ago my wife made a misstep on our stairs while holding our 9 month old. Thank God her maternal instincts kicked in and she held our girl and took the damage herself.
Broken tailbone and some spinal compression fractures. We had to call an ambulance and do the whole emergency room thing and weāll be paying for it for a while. Itās a legit setback, financially speaking.
I have a cousin whoās currently in Germany on vacation for Oktoberfest. She broke her arm riding a bike (and falling, duh) the first few days. She had to go to the emergency room via ambulance also. Sheās gonna be fine and she will not be in debt to Angela Merkel the rest of her life (other than for not having it happen in the USA) (and we wonāt be in debt the rest of our lives either, just another year based on our payment plan, but itās still bullshit.)
(Is that how you use parentheses?)
Go Healthcare USA #1
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Worth a watch.
Cool, thanks. My local doctor keeps pushing to send me there despite me saying no multiple times (based on how shitty their āexpertsā are in a certain area). This just makes it a slam dunk now.