How to I accept the reality that I will never win the lottery, and the only way I can ever hope to have money is being a wage slave?
>>16736035
Give up on the idiot tax, and invest that money properly instead.
It's not hard to make money from money. You just have to be willing to do what it takes.
>>16736037
How would you suggest I "Invest" the $10 a week I would otherwise spend on lottery?
>>16736041
typical vague empty advice, want to be more specific or are you just teasing me?
Become someone who makes and fixes things, rather than someone who sits in an air conditioned office for a living.
Plumber / electrician / carpenter / HVAC / concrete / etc.
People cry like a bitch when their hot water breaks. You bill them more per-hour than a lawyer, and they pay you with less griping.
>>16736035
How are you different than your average rapper
>>16736080
I'm white and on the autism spectrum
>>16736035
A) Become some sort of artist, although the success rate is similar to lottery.
B) Become an especially valuable wage slave.
C) Come up with an idea worth investing in.
>>16736058
That's $520 a year, and plenty enough to pump into a traditional or Roth IRA or mutual fund. Over 40 years at 5% APY compounded quarterly that's over $60,000. Up that to $40 a week, and it'll turn into a quarter million dollars.
>>16736090
Well you also have a 2 percent chance at success
>>16736096
Shut up you redneck cock sucker you're wrong
>>16736142
Nope. My math checks out.
Study stoicism, read meditations.
Some of us are just destined to a life of work. This is what you must do, and the pain or pleasure of it should not even enter your mind. Just do what you know you have to do and don't complain. This will lead you to enlightenment, which will grant you the ability to do better things with your life.
>>16736170
He wants money he doesn't want to save his own money and compound it with a useless interest amount
>>16736170
How does he start with 70k at 21
>>16736187
Also monthly contributions is 160
He said 10 a week or 40 a month
Can rural people do anything right?
>>16736187
It's the bottom half of the table, starting at year 21, ending year 40. See the inputs for P and RD.
>>16736170
>5.0% a year
Waaaaaaaay optimistic.
>>16736196
It's roughly half of what my portfolio has done over the past 6 years.
>>16736193
So if I put 10 a week into an average Roth IRA I'll have 70k 20 years down the line?
>>16736202
Is this in actual money, or the estimated value of your portfolio? I only ever took introductory business and economics, so I don't know about these things. Investing sound no different from gambling.
Also, are there any "green" or "social responsible" funds I can invest in if I don't want to support fracking, GMOs, polluting rivers in 3rd world countries, and whatever else corporations do to make fast growth at the Earth and humanity's expense?
>>16736219
It's a 10k bonus after 20 years literally worth nothing
>>16736202
A real return of 5% is not sustainable, not by a longshot.
>>16736215
No. After 20 years with a $10/week investment you'll have roughly $16k. If you'd like to play with the numbers, use this calculator http://www.math.com/students/calculators/source/compound.htm
>>16736219
Based on historical figures of 8-10% APY (my portfolio has done 11-13% year to year) over the years in pic related, reduced to a ballpark of 5% to take into account taxes on either deposits or withdrawals depending on what kind of account you have, yes, these are realistic numbers. It is entirely gambling, but the yields are more predictable and favorable over the long term than other means of gambling.
There are "green" portfolio builders out there, but becoming personally invested in the ethics of every company in a healthy portfolio means researching hundreds of companies, and discrediting some of the most lucrative investments based on personal feelings.
>>16736239
>roughly 16k
But I know I saw the numbers. I said 10k simple because the return rate could be anywhere from 3-8 percent meaning an average of about 12k which I rounded
It's honestly a waste of time unless you're one of those small town or suburban 24/7 working fucks with nothing going on besides calculating your checks
But then again I'm a musician and get laid and paid a lot...
>>16736263
>But then again I'm a musician and get laid and paid a lot...
Go smoke some more pot. Maybe you'll get it then.
>>16736270
Go spend your life sitting in a truck cab and studying and investing for 20k LOL
Let me guess. Short hair, beard, baseball cap, you spend all day with yor hands in your pocket trying to look tough in front of your wife
>>16736273
Nope. I'm a CEO and make more than $20k in a month. I try to help people with the fundamentals of investing that brought me here, but for the most part, they're too short sighted.
>>16736461
well preparing for some elusive retirement that may never come isn't the same things as looking for an easy way out of work-slavery.
>>16736477
$10 a week isn't an aggressive investment strategy no matter what. Might as well just invest it in cheeseburgers and hope for a swift death.
>>16736065
THIS OP
PAY ATTENTION
>>16736263
>I'm a musician
>I get paid alot
Someones either in metallica, works at a large college, or is full of bs
>>16736461
CEO is the most useless piece of crap in this world. Unless you're Bill Gate, Steve Job or something. You're just a lazy asshole sucking life off hard-working slaves.
>>16736461
or you're just a loser who can't think of a decent comeback and just making up numer.
>>16736096
>Over 40 years at 5% APY compounded quarterly
40 years? fuck you
