Also find me at @NotNotMike@[email protected] and @NotNotMike@[email protected]

  • 14 Posts
  • 47 Comments
Joined 2 years ago
cake
Cake day: July 10th, 2023

help-circle
  • My dad did so much right, but his one failing was financial. He was an insurance salesman and had plenty of money when I was very young, but at some point it all dried up and he seemed unable to make more. He didn’t starve or anything, but at a certain point my brother had to step in and buy his house or he was going to lose it.

    So now, I’m very cognizant of my spending and always having a good cash reserve.

    But, he was also extremely generous when he did have money. His favorite way to spend money was on the people he loved and to make them happy.

    So now, I also give freely. If it makes someone I love happy, and I can afford it, I’ll give them whatever I think might make them smile, if even for a day







  • It’s definitely bizarre, because nobody in the story actually “works” besides the local militia and servants, yet everyone has money and is rich

    It appears to be because you get a lump sum at some point (inheritance, dowry, whatever) then “invest” it and get interest payments. Or, in the case of Mr. Bennet, they have land that they pay others to work or lease out to farmers. Just really fascinating how hand-wavey the money is, it just “is” for the most part and you don’t explain how or why you are rich














  • My advice would be to treat investing in unique assets - like shares in one company or Cryptos - as gambling: only put in what you’re willing to lose. Anything you can’t afford to lose should be saved or put into index funds with lower risk and volatility.

    You just cannot know what an asset will do in 6 months. You can have a really good guess, but at the end of the day it’s still a guess. And that guessing is even more difficult when it’s a non-productive asset like Bitcoin, because then you’re just gambling on vibes. There isn’t much logic to Bitcoin’s price besides “what if” and FOMO.

    So yes, if you can afford to lose the money, you can leave it in. But if that money going to zero overnight would impact your quality of life or ability to absorb unexpected expenditures, then liquidate.

    And on a more personal note, you’re probably better off having the drone you want than flipping a (digital) coin and hoping it’s heads