I wonder if the author would be ok if people spend $1 on a coffee a day from McDonalds or a gas station and save the other $4?
I always hate how people always jump to "but inflation..." or "12% is not realistic...". Ok, maybe 12% isn't reasonable and $1M won't be as much decades from now. But having $500k or $750k or however much you end up saving by saving a few bucks each day could still be a pretty good chunk of change when you are ready to retire! That's much more than $0! The earlier you start, let's say when you're 18 buying a $5 cup of coffee and not really thinking about retirement, gives you more time to build wealth when you're ready to retire.
As more people start to reach retirement age, there's going to be a lot of people surprised to realize they can't afford to retire. With few companies offering pensions and some uncertainty about social security with Baby Boomers reaching retirement age, millennials better start thinking about how they can retire as soon as possible. Saving a few bucks each day (whether it is by giving up fancy coffee or something else) can be a great way to get started!
>millennials better start thinking about how they can retire as soon as possible
Most millennials have been blackpilled to the point of just accepting that the way things are currently going means we'll never be able to afford to retire.
yep, I agree with that. Which is why Im not crazy about people (like this author) who is discouraging millennials from even getting started. If you're in college, or just out of college, you have decades to figure out how to be able to retire. There's no need to just accept whatever happens, or to just assume people will figure out how to fund Social Security between now and then.
I built https://cocoa.dog recently. The idea is that you can send somebody random pictures of dogs with a message. Kinda like the Goats thing awhile back.
I mostly built it just to get some experience building something using Stripe and was not really intended to make a huge amount of money. But Im not sure if anybody has really used it. Im guessing the novelty of sending people pictures of things from a random number has worn off.
They have a left wing biased, but it gets blown way out of proportion. ESPN's biggest problem is exactly what this article is talking about. They have spent so much money on TV rights, that it causes price of getting cable to go up and more people are cutting the cord because of that (not because they are liberal)
I think writers often have a bit of a left-wing bias, but many of the talking heads lean more right-wing. Consider all of the withering criticism you would see on these sports shows for Colin Kaepernick or Chris Kluwe. It's probably a money thing, in many respects: writers aren't wealthy, the talking heads usually are.
In the US the sports media often talks about topics that are only tangentially related to sports. Like whether or not a sports team should accept an offer to visit the white house (a tradition for teams that win their league). Or about players that refuse to stand for the national anthem.
I agree that their problem is completely rooted in the fact that they have overpaid for sports contracts, coupled with the fact that they have no option but to continue to overbid for future contracts.
Federal Government should not be allowed to tell cities how to spend their money, but something needs to be done what devinhelton said. Look up Atlanta about their stadium deals for the Falcons and Braves. The City Council basically ignored the citizens completely and went ahead to spend millions to replace 2 stadiums that really wasn't that old to begin with.
Im not sure. I remember reading an article about it awhile back and wondered if they would get re-elected, though I cannot find that article at the moment. I believe it was to approve additional funds for the Braves new stadium. If I remember right, they kept anybody who was against the deal from speaking about it at the meeting. There was a big scene and they went ahead and voted for the additional funding.
I mostly built this for fun and to get more experience working with Stripe. But if anybody has experience with apps that sends SMS, I would like to know if there's anything else I need to do.
I always hate how people always jump to "but inflation..." or "12% is not realistic...". Ok, maybe 12% isn't reasonable and $1M won't be as much decades from now. But having $500k or $750k or however much you end up saving by saving a few bucks each day could still be a pretty good chunk of change when you are ready to retire! That's much more than $0! The earlier you start, let's say when you're 18 buying a $5 cup of coffee and not really thinking about retirement, gives you more time to build wealth when you're ready to retire.
As more people start to reach retirement age, there's going to be a lot of people surprised to realize they can't afford to retire. With few companies offering pensions and some uncertainty about social security with Baby Boomers reaching retirement age, millennials better start thinking about how they can retire as soon as possible. Saving a few bucks each day (whether it is by giving up fancy coffee or something else) can be a great way to get started!