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gamebird · 2 months

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About a month ago, I read 'Rich Dad, Poor Dad' based on a recommendation from a friend. It had some good points and bad ones.

Good points:

It is super important for me to have discussions with my kids about how to handle money, what their options are with the money I've given them, and what that means for standard of living, activities, etc.

It is very important in people's lives to have someone advising them about money, instead of just leaving them to fend for themselves and figure it out on their own.

If you already have money (like tens or hundreds of thousands of unencumbered cash), then there are a lot of relatively low risk, low labor means to put that money to work for you and generate income. It's a lot less tedious than, say, working for a living. But you have to have the money FIRST.

The various principles laid out in the book caused me to move my money around. Now instead of retiring in 4 years and leaving nothing to my kids in inheritance unless I died early, because I'd need everything to fund my retirement, I'm going to retire end of next year and leave millions, assuming I live that long. And if I don't, then there will still be a nest egg. Same standard of living for me either way.

Bad points:

Gotdamn does this guy undersell how hard it is to get your hands on enough money to start with to do this. It takes generations and he doesn't acknowledge that.

He also undersells the value and rarity of someone giving you good advice at every turn, feeding you opportunities, and picking you up when you fall ... and never victimizing or abusing you in the process.

He makes almost no mention of the severe adversities many people find in their lives, like chronic health problems, useless or abusive partners, addiction, expensive hobbies, terrible families, bad luck, accidents, legal problems, and the like. Some of these you have a little control over; a lot of them you don't; and even with barely controllable things like partners and family you don't know its bad until its already bad and its not exactly too late at that point, but it really sucks.

So anyway, I tried to get my kids to listen to the audiobook. No dice. I found it on YouTube for free. No doing. I bought the guy's Cashflow board game. Huzzah! They played it a couple times. This let us talk about things. (I mean, I'd already tried talking to them, but trying to discuss the relative merits of savings account vs t-bills vs etfs was not making much progress.)

We talked about:

What's a mortgage and why can't I just be homeless and not pay that

Why are my expenses so high

Why are children expensive

Why do I have to pay for a loan (I was surprised and shocked they only barely understood interest rates. My inability to communicate effectively about investments made sense now. I have failed as a parent. But I'm trying to fix it.) also: why is a credit score important

What the fuck why does this boat cost so damn much?!? (the boat is the most expensive piece of shit doodad you can get saddled with in the game; I talked to them about the dangers of expensive hobbies)

OH MY FUCKING GOD I ONLY MISSED ONE PAYCHECK AND I AM RUINED (because ... yeah. that's real)

What does 'yield' mean

What's a trading range

And a bunch of other things. I also talked to them about the things the game does not include, those things I mentioned earlier like accidents, addictions, lawsuits, and health problems, or the same happening to anyone you financially support or feel beholden to, like a partner or child or possibly parent. I talked to them about the mentality of 'my savings always gets wasted on emergencies so why bother having any', which is valid and real, as well as a rational reaction to a maddingly irrational situation.

An interesting thing about the game - there's no rule for or against giving money to each other. And it makes a huge difference in propelling someone from the rat race stage of the game where you're working for a living and into the cashflow part of the game where your money is working for you instead. In the two games we played, I ended up ahead early each time (half of this I credit to good decisions while my kids were making dumb ones, even after I told them they were dumb choices; half was probably luck). But each time once I had my position secured, I started giving wads of cash to them and it was remarkable how much that improved their situation.

Kind of like real life.

I also read Bullshit Jobs a couple weeks ago and it ends with a lovely piece about the social value of universal basic income. Which, yeah. We need to do that.

#mundane #all politics are fundamentally economic

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punkscowardschampions · 5 years

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Rio & Indie

Rio: How did you even? Rio: Soz Bills but this is next level sorcery! Indie: nah man it werent no militant thing Indie: when your ride that crutterz whatever i did was gonna make it less clappin' innit Indie: plus your boy mad distracting 👌 i been knew Rio: Too real 😂 could hear me coming, like Rio: giving the boy racers a run for their money and I ain't even tryna hang, lads 😬😷 Rio: Idk how yous even managed it seriously but 👏 Indie: could here you cumming too bitch i knew i had time 😏😂 Indie: forreal tho you better not drag without me 👑 of the strip like so gimme them 2s Indie: thank me with that good 🎂 fore the sibs take every slice Rio: Ew shut up 😂 Rio: 'Course, babe Rio: Not racing for pinks now you got my motor so 🔥 tho Rio: Can have Ro's Rio: baby might want some of that taste sensation like but 🤷 Indie: tell yourself and your mans 👌🤐 Indie: yeah your whip is beast now if i do say myself after clocking in dem hours Indie: gotta hit drew with his share of that sugar cos he did help me source Indie: but unlucky younger you ain't getting yours 😂 Rio: PLEASE Rio: I know you ain't been hearing when I been trying so hard Rio: full time occupation keeping it 🤐 legit Rio: I love it Rio: That's good, nothing like bonding under the hood of a car right? Indie: is it? then how am i clued that mckenna aint the strong silent type that he is in the streets 😏 boy got some volume Indie: gurl we need more paper if you want that privacy cos thats how the walls be in this drum Indie: yeah? i love you bitch 💖 Indie: naaaah you kno he aint getting himself dirty like that with no oil or grease Indie: 💰 only Indie: & he took me buying off them travellers and DAMN how some of those lads be 😍 Rio: Imma pretend I didn't hear THAT 'cos I ain't about to share his secrets 😏 Rio: I'll work on it then 😜 Rio: Always gon' love you bitch 🧡 Rio: What a tart 🙄 Rio: Not you though don't be tryna give me grey hairs already gurl 😂 Indie: 😂 Indie: me too cos you the only 1 getting that work done free baby Indie: 💖💖💖 Indie: gotta look good for his fancy piece innit 🏥 Indie: catch me on site tryna get grabbed rn giving you all the alone time w mckenna you be needing Rio: Trust, feeling that special with it 💖👸 Rio: 'Course, not that he's afraid of hard graft or anything, nah 😏 Rio: Hold up on the heart attack you gonna give Ma Rio: 'cos about to both have all that alone time 🛫🏖 Indie: safe 👑 Indie: nah nah 😂 hardest working rudeboy in the 24 Indie: self titled drew innit tho Indie: ma can get in line cos how these boys are got me feelin i could have one of my own 😍😍 mines bout to stop on the words they say & them accents Indie: gotta play hard like my wifey do so i dont get vexed being here in this temp at this time Indie: stuck schoolin & hustlin like 😒 Rio: 😂 Rio: I ain't no snitch so I'll keep it on the dl Rio: but bitch knows her way 'round that site herself so 👀 out for her even if your 💘 is gone like Rio: Poor baby 😟😥 Promise it's your turn next, anywhere you wanna Indie: ✌✌✌ Indie: its chill ill party like its my bday & im legal Indie: cant keep a rudegirl down Indie: gimme the 411 on how mckenna did tho did he come through w your 💍 or nah Rio: Gotta have one on me, like Rio: wouldn't be polite otherwise 😋 Rio: [pics] Rio: Bitch, when I tell you I can't even Indie: 😮😮 bitch WTF Indie: how he out here doing it like that?? Indie: boy stop Indie: but like dont Rio: I know Rio: and you're gonna see where we're going Rio: it's ridiculous Rio: he's ridiculous Indie: 😍😍😍 Indie: and you dont want me on his friends bitch EXCUSE ME Indie: i gotta tap this demo Rio: I thought we was all about the travellers now? Rio: if I can't keep up with you idk how these lads stand a chance 💔😉 Indie: allow it Indie: not trying to get wifey'd by anyone else Indie: & no lad has said yeah to my 💘 yet Indie: hmu all of yous Rio: At the risk of sounding older than the 18 I'm repping now Rio: Enjoy the ride, babe Rio: way more fun Indie: 😂😂 Indie: this boy tho i need him 💰 or nah Rio: Gimme the deets then! Indie: i gotta go back & get em im pure 💘 from first 👀 Rio: You best hmu when you do Rio: just 'cos Imma be in paradise don't mean I'm not still mumsie Indie: if you dont hear then you know i been owned by my 😍 & hes some chief wasteman who just thinks he bad Rio: all been there Rio: and you know, can't be judging whilst you keeping my secret can I? Indie: ma please thats your whole job 😂 it is how my step be doin it like Rio: I'll let her cover it then Rio: be the cool mum we all know i'm destined to be Indie: is it? Indie: can you be cool & tell her to hurry up and drop so the baby girl can vex her stead of me Indie: living so dry rn Rio: You reckon that'll make her any cooler? Rio: Mumming even harder, just you wait babe Indie: 😒😒 Indie: tell her i got loads of mas then Rio: Bless Rio: least we're back on so you don't have to live with her and Drew, like Indie: 🙏🙏 foreal tho shes flatroofin me from afar i cant be running in that house no more Indie: dont leave me woman Rio: Promise Rio: that said, a bitch be packing Indie: not gonna say take me w this time cos i kno what you finna do w that boy Indie: 😏 mad jealous Rio: 🤐 remember Indie: trust Indie: if i go back for that lad tonite is that too hype? its been a minute since i was there but idk Rio: Nah, go for it babe Indie: ✌✌ Indie: garda better keep things jam cos i aint asking drew for a ride there Rio: Not the vibe getting your Da to take you to a dick appointment, like Indie: 😂😂 Indie: hes been in a weird vibe Indie: must be cos the 👶 is due soon Rio: Yeah? Rio: Know he ain't go as hard as mine but hardly new to the game Indie: first time hes done it standard tho Indie: still no excuse to get so high off your own supply tho Indie: idk man Indie: maybes hes having a midlife Indie: maybe shes just driving him how she do me Rio: God knows Rio: ain't your job to stress it tho Rio: leave that to them, like Indie: innit Indie: just dont let mckenna put one in you Indie: its a madness how she flips Rio: Err no chance Rio: I bet Rio: already highly strung bless her, then you throw a load of hormones at her, nah, I'm good Indie: you can rep that how you like babe but aint none of our parents tryna bring us & still we out here vibin Indie: least they wanted this one like Rio: Yeah but I've heard of birth control 🙄 Rio: You think she'll make him marry her? Rio: Get a dress, like Indie: how un 🍀 of you bitch 😂 Indie: yeah shes been after a 💍 since she landed back in his bed Indie: better not try and put me in no dress Rio: 😂 matching with your younger Rio: so cute Indie: allow it Indie: ill 🛑 that shit fore i agree that Rio: 😬 no one needs to see that Indie: or other mckenna snapping the day like she needs the 💰 Indie: wheres the peng one taking you then? Rio: fr fr Rio: Maldives baby Rio: I'll send you all the pics Indie: 😮😮😮😮 Indie: that boy gon kill me & i aint even going Indie: don't send me ALL the pics tho I dont need 👀 for what ive already 👂 Rio: this place gon' kill me Rio: i been some places but damn Rio: behave Rio: gotta pay for that privilege honey 💁 Indie: when you fam & she still tryna charge 😂 Indie: tax a celeb hottie aint that how & where they hang? Rio: You want that new drum babe Rio: 🤞 Indie: hells yeah i want that new yard for a 🐶 Indie: make it happen ma Rio: 💪 here's hoping there's a becks or some shit out here Indie: spoke like mckenna aint dropping that dime on you standard Indie: lookin & actin all 😇 Indie: 💸💸💸 Rio: Think asking for a new gaff is taking the piss though 😉 Indie: IS IT THO 😂 Indie: boy down to move you in if he coulda Rio: I don't think he down to be livin' in the 24 tho 😏 Indie: bitch you know id change postcode if i can party in his Rio: You'd hate it 😂 Indie: nah all dem rich rudeboys wanna slum it for a nite Indie: hmu lads Rio: been there done that Rio: 'less they upped their game Rio: not worth the plane ticket Indie: waste 💔 Rio: truly Rio: keep rinsing their da's, like Indie: if youd let me babe ✌ Rio: bitch, not you ⛔ Indie: jokes Indie: imma link my gypsy prince Rio: 👍 Rio: how many 👙s do I need Indie: how long he ticking you away from me & these ends for? Rio: only a week Rio: should be in school, like Indie: 😂 Indie: at choir practice or some posho shit like Indie: but forreal like you dont wanna repeat gotta keep the looks fresh and the game 🔥 Rio: 😂 can you imagine Rio: lawd Rio: yeah, fuck it, one for every day and a spare it is 😉 Indie: 👑👑 rep that Indie: you kno that boy gon be carrying more clothes than a store Rio: Well, he ain't dodging those extra baggage charges by putting shit in my case, like Indie: 💔 Indie: honeymoon off fore its on Rio: When I can't quit being a bitch 🤷 Rio: awks Indie: you bad & he loves it Rio: hope so Rio: don't need domestics in the airport forreal Rio: don't kill my vibe boy Indie: 😂 Indie: bitch like he could when youre ✈ maldives Rio: Yeah we both gon' put up and shut up for that view Indie: forreal gon be lush Indie: im vexed but stealth bout it Indie: save you that domestic baby Rio: We gon' brawl when I'm back? Rio: Okay, I'll prepare my best dramatics in my downtime Indie: depends how im vibin Indie: got my own plans for this week Rio: Aside from riding a gypsy or? Indie: thats day 1 gurl Indie: keep w me Indie: drew best not be trying to chill & ruin my empty Indie: brawl him no drama Rio: Do my best Rio: and if you change the locks on him, send us a key, like Indie: innit tho Indie: get to steppin man Indie: your drum be lavish use it Rio: When he ever there man Rio: how they found time to make this baby is impressive if not gross Indie: 😂 Indie: no shade but im shook she could Rio: Literally though Rio: could call her a medical miracle, might not clock the shade over the ego boost Indie: good she aint here cos im creased rn Indie: their life is mad jokes Rio: s'alright, she can take a good laugh at mine if she gotta Indie: please your life is bare hectic 💖👑 Indie: dont trip Rio: Doubt the Cambs med student turned super doc is jelly tho 😜 Indie: what she kno? shes drews piece & he still more about you 😂 Rio: Shut up Indie: ✌ Rio: You crazy Indie: he is Indie: for ya Indie: chatting at me about how you grown good Rio: He really is high Indie: you kno Indie: old man relax 😂 Rio: Nasty Rio: gimme my card and cash and begone Indie: gimme your slice of cake too drew cos you aint eating for two Indie: abs are welcome like Rio: 😂 Rio: sometimes i reckon you are Rio: you and ya tapeworm Indie: big love Indie: even if i am marv Rio: 🧡🧡🧡 Indie: keep me knowin & ill give you same back 💖 Rio: 'Course, goes without saying Rio: ✌ out lil one Indie: safe

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