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by hparadiz 11 days ago
Presumably the 67k spend contains the car repair, house repair, hospital stay part you mentioned. Everything you're saying is accounted for. Your argument is basically anti social security. I'm saying make your own social security fund and you keep going "and what about" as if that's an argument. These externalities are literally what the fund is for. And frankly you should have an HSA for medical expenses because it lets you spend pre-tax money on that stuff.

When you do non Roth it's pre-tax cash so it's much easier to run up your net worth because it's based on money that you haven't paid taxes on yet.
1 comments
bluefirebrand 11 days ago
> Presumably the 67k spend contains the car repair, house repair, hospital stay part you mentioned. Everything you're saying is accounted for

It explicitly is not. The number I am quoting is for essentials, it does not factor in emergencies

> I'm saying make your own social security fund

I'm saying many people can't realistically afford to, so expecting it is absolutely ridiculous

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hparadiz 11 days ago
$5583 a month is essentials? This is more than what I spend on my mortgage..... and all my bills.... and all my food.... and I live in SoCal.

This conversation is dumb. Put money into an IRA. You lower your taxable income. It's not that hard. You grow your net worth on your untaxed monies and then later when shit hits the fan you can extract it at a lower tax bracket. And you get to gain market gains on cash that would otherwise be spent on taxes. It's how people who are good with money make an extra 10-15k per year while you're being all like "woe is me. i can't afford anything".

This is how you can cover that $10-15k you mention when it does happen. You're welcome.

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bluefirebrand 11 days ago
> $5583 a month is essentials? This is more than what I spend on my mortgage..... and all my bills.... and all my food.... and I live in SoCal

Is there anything that other households might spend money on that you don't?

Say for instance childcare, or having a second vehicle for a spouse, groceries for a family with children

Your post is pretty light on details about your actual household situation

Personally I don't think $5583 for a family of four (for instance) sounds that outrageous

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hparadiz 11 days ago
What I'm supposed to write a book to account for every random bullshit scenario to assuage your adhd overthinking?

This shit is exhausting. If you don't want good financial advice move on. I'm not replying to you anymore.

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bluefirebrand 11 days ago
I really don't know what gave you the impression I needed your financial advice in the first place

Do you think just because I'm concerned about people who are less well off that I must be one? Do you think the only reason I could or should care about poor people is if I were poor myself?

If so, then I truly hope you become a better person in the future

My financial situation is fine though, thanks for the concern. My financial advisor has me all taken care of

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