Yes - housing, food and transportation are beyond my means
Ride a bike.
If you are so rich to be afford to live close to where you work, not 30 minutes by car. If you are so rich to afford to bike for 2 hours, instead of drive for 30 minutes.
Then you can rent a bike instead of buy a car
That’s not feasible for every person.
It should be.
Should be doesn’t make it so.
It sets a direction.
Political action sets a direction. Telling people who may not have the option that they should just do it, does nothing.
It broadens their view.
I agree. Let’s just remake society so that it is
“Let them ride bike.”
I have lived in Europe and I know that can be a viable option for many people. But there are many places in the US where there are no real alternatives to a car. I have lived in my house for 18 years, bought at the beginning of 2007 before the market bubble popped and haven’t been able to afford to move since then. In 18 years I have seen exactly two people riding a bike near my home and I sometimes wonder if they’re still alive.
This is giving “make coffee at home” vibes
You probably mean drink less coffee. Lots of people makes their own coffee, they even grind it at home.
Some of us buy bulk green beans, roast at home on demand, hand grind, then make pour-over and espresso with a manual press. Then make espresso based drinks and spiced coffee on occasion. Mix of overspending, diy and slow food movement.
My coffee habits would have bankrupted me if I went to cafés. I’m not saving any money with all the doodads I bought, but my quality of life is fantastic for the price.
BRB, going to make a cortado.
Ride on the side of a major road and people will honk at you for no reason. You can’t win.
I don’t care about honking. I’ve seen two people on a bike near me in almost two decades and I’ve seen a dozen bikes staged on the roadside as memorials to people who have died. I’m not worried about honking, I’m worried about dying.
Money’s gonna stop mattering in the states soon, I think. Orangeboi is probably gonna try to replace the USD with NFTs or some crypto scamcoin or something. The rest of the world needs to move away from the USD, and fast.
I wish I was joking.
It’s called deglobalization.
The US dollar became relevant internationally because it allowed goods and services to be exchanged world-wide. Notably, oil is sold and bought in USD, which is super-convenient to the US federal bank because they can control how much oil they can buy by just printing more money and going into more debt.
However, as I and many other people have rightly predicted, going into debt does indeed hurt the federal household. At a certain point, it just becomes unsustainable, tearing not only the federal budget but all of the government and political domain down with it. That formally causes the collapse of the US. I’m not joking. The US will re-build itself eventually but by that time, it will have lost a lot of credibility.
[heavy sigh]
That’s just not true, none of it.
“The US dollar became relevant… because it allowed goods and services to be exchanged globally.”
Wrong. Any currency could enable that (look back at Spanish doubloons) the US dollar filled that niche more recently because coming out of ww2 the us had a relatively untouched territory and a monster of an economy that the rest of the west couldn’t provide otherwise. The US filled an economic vacuum by virtue of good fortune. They then acted over the next century to capitalize on that situation. There’s was nothing special about the dollar that made this a unique achievement.
Oil was sold in OPEC dollars because at the time we made them, not because the dollar was unique or anything compared to all other currencies.
“However as I have predicted debt…”
Again wrong and gonna stop you right there chief. Debt existed well before this issue and other counties will continue to encourage specific levels of debt well after this issue frankly because you again wrong and there’s a much better understanding of economics than what your spouting.
The US isn’t in this position because of the existence of debt they are in this position because of reckless actors (almost always in the GOP) spending a trillion on Iraq, or taking up the mercantilist perspective of a thalidomide baby writ large.
This is the by product of people who don’t understand interwoven economics, don’t add to that ignorance and blame it going in to debt while ignoring that the us debt has existed far longer than any of these issues.
I want to place bets on the debt becoming a problem eventually.
I understand saying “debt isn’t a problem” is easy, as talk is cheap. I am however so sure about my position that i’m willing to bet money on the fact that debt will indeed become a problem, even for states and governments. Where can i make such a bet?
Where can i make such a bet?
International stock index funds are, in my option, the best place to make that bet. It’s been a losing bet (compared to other index funds) for decades, but you might notice that lots of folks still buy a solid amount as a hedge, anyway, because they agree with you, or at least aren’t willing to bet their entire retirement that you’re wrong.
tbh I find these articles unrelatable
I’ve always followed things like
https://earlyretirementextreme.com/
https://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
my mortgage is 1/6th of my monthly pay my next biggest spend is food because I am special needs … and it drops off quite quick after that
With an EV with home solar charging, a battery and heat pump, I should pay off my mortgage in the next few years and after that I’ll quickly be getting close to barista fire
So no student debt for you, good on ya. For me paying my Rent (+Internet and electricity) is already more than 1/4th of what i make, then food, then student loan (1/6th). So i can’t relate to the early retirement movement, tbh.
