Individual Economics in the Age of COVID-19

Guys…guys. He actually only has 10m - the 6m in equities is broken down into the categories below. He be truly f’d.

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Could not imagine a better time to be laid off. Hang out with your kids for 10-15 years as they age into their early adulthood. Develop a hobby or interest. Maybe make some money along the way.

Sorry wife. Time for you to go to work (if you want). I have done what I can.

Was about to post this.

Surprised @Melkerson didn’t catch it

Has to be inheritance.

I think you mean he pulled himself up by his bootstraps.

Ignore the numbers and almost every one of these is just asking how they can have 99% certainly of living their entire life without changing how they live, which is understandable. The lulz come from details about the ridiculous lives they want to live.

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On my initial read, I had added up to 10 mill, but when I saw the 16 million, I just assumed I was the one who messed it up. 16 million does make it a lot more absurd.

Yeah, this. I mean this is a forum of people who have undoubtedly gotten all the money in only to lose to someone who catches two perfect cards. Or gets one outed on the river. I’d figure if anyone could understand being nervous even when you’re a massive favorite to be fine, it would be people here. Especially when we’re talking about your financial life and not a single pot.

Well, that’s where mine come from.

Like the last one of these I have a hard time laughing at someone who unexpectedly lost their job and is worried about money. Sure, they’re probably not going to be perfectly rational. They just got shitcanned.

I mean, duh, if we get a 1929 level crash you can adjust spending downward, it’s pretty obviously fine to have 10 million dollars and retire.

Even the OP concludes that more or less. If you’ve got all the money in with your AA and your opponent turns up A2, that is also obviously more than fine. But you’re still sweating it a bit. Let’s also throw in that like this guy you also just suffered a bad beat and you just had aces cracked a few hands ago.

I freely admit these poker analogies aren’t great. Best I’ve got at the moment.

That would have been my first guess. He also could have bet heavy on Game Stop and timed it perfectly or something like that.

My bad. Messed up the math.

When you’ve tied your self worth to your investment account number, it’s not hard to be simultaneously in desperate need of seeing the number go up and absolutely terrified of seeing the number go down.

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He would have had to have worked 85 hours a week to upgrade to V necks.

Half the replies are “nope get a job” and the other half are like “well maybe, if you move to Omaha.” It’s totally crazy.

Soft people who have been handed stuff out of proportion to their effort and contributions to society are just gonna go “why not wait a few more years and get handed some more stuff”. It’s always gonna be the answer.

You’d never have oil rig workers going “nah keep working a few more years.”

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I’d love to know the monthly breakdown of how they spend 17k/month without a mortgage.

$200 Food
$150 Gas
$400 Utilities
$16,400 Candles

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Starting to wonder if a system where literally every single person feels panicked, anixety inducing, economic precarity at all times is the best option.

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