Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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I feel like we're all stuck in a movie where all the rich people live on some kind of floating island or satellite with everything they need to live well, and all of us have zero chance of going there (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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I have seen a few of these with similar story lines and realized we are living it right now. They have the best healthcare, the best food, the best everything and most of us are a few dollars from disaster. That scares some of us to death literally from all the stress it causes.

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[+] [email protected] -8 points 1 year ago (4 children)

If you are young, they would trade a lot for the years you have left to live. Also, time value of money and all that. It's hard to fathom how powerful compounding is. Start investing small, start investing early.

[–] [email protected] 13 points 1 year ago (2 children)

Folks aren't even able to get out of debt. Considering debt generally has a higher interest rate than savings, folks are even held back from saving. OP even mentioned that straight out. If you're a disaster away from destitution, you aren't investing money. Money years from now isn't worth more than money today when your bills are due today.

[–] [email protected] 4 points 1 year ago

Increasing consumer debt was a policy decision in the 1930 and ever since, to control powerful Labour organisations. An indebted worker is less likely to strike.

Same today for students. Bright optimistic minds out of college are less likely to say ‘hey, there s a better way’ if they are weighed down with debt. .

[–] [email protected] 5 points 1 year ago

It ain't about money. It's about time. The rich still die...

[–] [email protected] 3 points 1 year ago

That's true, and it can be liberating. But for a lot of people, they have to dig into those investments every time something unexpected happens and they never really get to a critical momentum where compounding interest starts working its magic.

[–] [email protected] 1 points 1 year ago

Yeah but it would be a lot better with socialized healthcare and free education.