i mean at 3% inflation you lose a lot of purchasing power if you can't invest over 10 years
something like earning 7.5mm or 8mm today
that's 20-25% of your payout!! you are getting screwed in this deal!
Being 35 y/o with 8 mil in the bank sounds excellent.
Chu has this absolutely right.
Usually, you work from 21ish to 65 (probably 70 for most of us). So, call it an average of 40 hours a week for an average of 49 weeks per year for an average of 44 years; that's just about ten years. Average lifetime pay is about $2.27 million for someone with a Bachelors.
This lets you front-load all of your work, and retire at 30-35ish (even for the oldest among us, it's still worth it at 40ish), and you end up with four times as much as you would have after a lifetime of work, also front-loaded. Not to mention that you'll be sleeping for a considerable amount of the time you're down there. And at least when I come out, I'll be swole, rich, an amazing cook, and with that library, I will probably have picked up some other knowledge, too, just to keep busy. I mean, don't get me wrong, it's not, like, Powerball-winner money, but you'll be able to do just fine for yourself and never need to worry about money again, provided you live a relatively modest life.
+1
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ElldrenIs a woman dammitceterum censeoRegistered Userregular
Also, I think Television without Internet would be magnificent, since I don't have to participate in threads filled with people bitching about how show X isn't as good as it used to be.
you don't have to now either
you can be free
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21stCenturyCall me Pixel, or Pix for short![They/Them]Registered Userregular
ThomamelasOnly one man can kill this many Russians. Bring his guitar to me! Registered Userregular
So a few minutes ago I walked out of my bosses office having accepted the management position. I am moving forward on my path of oppressing the proletariat.
So a few minutes ago I walked out of my bosses office having accepted the management position. I am moving forward on my path of oppressing the proletariat.
@ronya, could you please explain (in the most dumbed-down terms possible), when it comes to balance-of-payments, the difference between "investment income" that falls under current accounts and FDI + "portfolio investment" that falls under capital accounts? Basically, if "investment income" is "interest and dividend payments on investments by citizens of a country to foreigners, and by foreigners to citizens of a country," then what's the difference betwen that and FDI (where outsiders are investing domestically and presumably making a return ...? I also don't really know what "portfolio investment" is supposed to mean, and my IPE professor wasn't really able to clarify it for me -- mostly because my IPE class is a 400-person lecture.
I do not study international trade, and I get short-tempered about definitions. So take my definitions with a hefty spoonful of salt.
Investment income: you (already) own capital in another country, and receive a return on it. FDI/FPI investment: someone else desires to own capital in your country, presently owned by you, and pays you to transfer the ownership to them.
So these are the same flows in opposite directions, albeit shifted across time: you only own capital in another country after you have conducted that foreign investment. Conversely, someone else presumably acquires capital in your country in order to receive later outbound flows of money.
The inbound/outbound and later outbound/inbound flows are expected to sum to roughly the same magnitudes, in terms of their value at the present moment, but they might not: if e.g., a lot of investments turn unexpectedly bad or good at the same time. Then you may get a financial crisis, sudden outflows/inflows of currency, attacks on the exchange rate peg, etc.
FDI: foreigners direct where the investment goes. Your country benefits from their expertise and connections, but may be subject to foreign objectives that may be different from your own. Foreign portfolio investment is indirect: they buy (generally minority/institutional) stakes in your national capital stock, but they don't control what happens to it; you may have to offer a higher interest rate in return for your retaining control. Compare buying a majority stake in a business, versus merely lending them a huge pile of cash of equal value to that stake. How much this matters, in terms of long-term growth, is a little non-obvious: Singapore is high FDI, Korea is high FPI, Hong Kong favoured neither.
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HakkekageSpace Whore Academysumma cum laudeRegistered Userregular
And now a bored, eccentric billionaire is going to come into this thread and make us an offer...
3DS: 2165 - 6538 - 3417
NNID: Hakkekage
+2
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21stCenturyCall me Pixel, or Pix for short![They/Them]Registered Userregular
i mean at 3% inflation you lose a lot of purchasing power if you can't invest over 10 years
something like earning 7.5mm or 8mm today
that's 20-25% of your payout!! you are getting screwed in this deal!
Being 35 y/o with 8 mil in the bank sounds excellent.
Chu has this absolutely right.
Usually, you work from 21ish to 65 (probably 70 for most of us). So, call it an average of 40 hours a week for an average of 49 weeks per year for an average of 44 years; that's just about ten years. Average lifetime pay is about $2.27 million for someone with a Bachelors.
This lets you front-load all of your work, and retire at 30-35ish (even for the oldest among us, it's still worth it at 40ish), and you end up with four times as much as you would have after a lifetime of work, also front-loaded. Not to mention that you'll be sleeping for a considerable amount of the time you're down there. And at least when I come out, I'll be swole, rich, an amazing cook, and with that library, I will probably have picked up some other knowledge, too, just to keep busy. I mean, don't get me wrong, it's not, like, Powerball-winner money, but you'll be able to do just fine for yourself and never need to worry about money again, provided you live a relatively modest life.
man I would rather be broke at 25 and have ten years of trying to claw my way up to a reasonably successful life than live in a basement for ten years!
Your little analysis here completely left out the massive downside of isolation from society!
+1
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ThomamelasOnly one man can kill this many Russians. Bring his guitar to me! Registered Userregular
So a few minutes ago I walked out of my bosses office having accepted the management position. I am moving forward on my path of oppressing the proletariat.
Coincidentally
are you hiring
Dude the people I'm gonna be managing will be making like $8 an hour and a commission based on departmental sales. And they will be working under me. Which I'm not sure is going to be the best environment. I do promise to never actually tell an employee that they have been "rightsized".
And now a bored, eccentric billionaire is going to come into this thread and make us an offer...
You guys better hope I never become a billionaire because this will be me all day, every day. I will show you just how little humanity and self respect means to you in the face of cash.
fuzzy i heard there was a riot at the mardi gras thing in galveston
how many bricks did you throw
I cannot wait for them all to leave, though. Traffic has been insufferable. I got so many beads last week though. This whole Mardi Gras thing is a lot of fun.
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LudiousI just wanted a sandwich A temporally dislocated QuiznosRegistered Userregular
So a few minutes ago I walked out of my bosses office having accepted the management position. I am moving forward on my path of oppressing the proletariat.
Coincidentally
are you hiring
Dude the people I'm gonna be managing will be making like $8 an hour and a commission based on departmental sales. And they will be working under me. Which I'm not sure is going to be the best environment. I do promise to never actually tell an employee that they have been "rightsized".
haha that's what they call it here when they let people go.
you know its kind of sad that the eccentric billionares all dump their fortunes into electing psychopaths to political office instead of hosting some of these elaborate 4chan scenarios
+1
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TehSlothHit Or MissI Guess They Never Miss, HuhRegistered Userregular
And now a bored, eccentric billionaire is going to come into this thread and make us an offer...
You guys better hope I never become a billionaire because this will be me all day, every day. I will show you just how little humanity and self respect means to you in the face of cash.
fuzzy i heard there was a riot at the mardi gras thing in galveston
how many bricks did you throw
I cannot wait for them all to leave, though. Traffic has been insufferable. I got so many beads last week though. This whole Mardi Gras thing is a lot of fun.
did you hang brain to get those beads or were people just being nice
And now a bored, eccentric billionaire is going to come into this thread and make us an offer...
You guys better hope I never become a billionaire because this will be me all day, every day. I will show you just how little humanity and self respect means to you in the face of cash.
When there is nothing left on earth to amuse you and your money has already acquired all the comforts and luxuries you can exploit from its diminishing reserves, there is only
fuzzy i heard there was a riot at the mardi gras thing in galveston
how many bricks did you throw
I cannot wait for them all to leave, though. Traffic has been insufferable. I got so many beads last week though. This whole Mardi Gras thing is a lot of fun.
did you hang brain to get those beads or were people just being nice
they whipped them at us from garish floats at high velocities
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Donkey KongPutting Nintendo out of business with AI nipsRegistered Userregular
i mean at 3% inflation you lose a lot of purchasing power if you can't invest over 10 years
something like earning 7.5mm or 8mm today
that's 20-25% of your payout!! you are getting screwed in this deal!
Being 35 y/o with 8 mil in the bank sounds excellent.
Chu has this absolutely right.
Usually, you work from 21ish to 65 (probably 70 for most of us). So, call it an average of 40 hours a week for an average of 49 weeks per year for an average of 44 years; that's just about ten years. Average lifetime pay is about $2.27 million for someone with a Bachelors.
This lets you front-load all of your work, and retire at 30-35ish (even for the oldest among us, it's still worth it at 40ish), and you end up with four times as much as you would have after a lifetime of work, also front-loaded. Not to mention that you'll be sleeping for a considerable amount of the time you're down there. And at least when I come out, I'll be swole, rich, an amazing cook, and with that library, I will probably have picked up some other knowledge, too, just to keep busy. I mean, don't get me wrong, it's not, like, Powerball-winner money, but you'll be able to do just fine for yourself and never need to worry about money again, provided you live a relatively modest life.
man I would rather be broke at 25 and have ten years of trying to claw my way up to a reasonably successful life than live in a basement for ten years!
Your little analysis here completely left out the massive downside of isolation from society!
Yeah, losing the next 10 years would be worth a lot more than 10 million dollars to me. Way, way more.
Thousands of hot, local singles are waiting to play at bubbulon.com.
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ThomamelasOnly one man can kill this many Russians. Bring his guitar to me! Registered Userregular
So a few minutes ago I walked out of my bosses office having accepted the management position. I am moving forward on my path of oppressing the proletariat.
Coincidentally
are you hiring
Dude the people I'm gonna be managing will be making like $8 an hour and a commission based on departmental sales. And they will be working under me. Which I'm not sure is going to be the best environment. I do promise to never actually tell an employee that they have been "rightsized".
haha that's what they call it here when they let people go.
There is this really disturbing trend I've noticed with management speak, and that is to show events in the most positive light possible. So instead of layoffs, it's rightsizing. It's like this massive cult focused around never discussing this idea that something has gone wrong. Which seems weird. I shall follow the much more traditional path of just stealing credit and good ideas from my underlings.
you know its kind of sad that the eccentric billionares all dump their fortunes into electing psychopaths to political office instead of hosting some of these elaborate 4chan scenarios
Posts
Usually, you work from 21ish to 65 (probably 70 for most of us). So, call it an average of 40 hours a week for an average of 49 weeks per year for an average of 44 years; that's just about ten years. Average lifetime pay is about $2.27 million for someone with a Bachelors.
This lets you front-load all of your work, and retire at 30-35ish (even for the oldest among us, it's still worth it at 40ish), and you end up with four times as much as you would have after a lifetime of work, also front-loaded. Not to mention that you'll be sleeping for a considerable amount of the time you're down there. And at least when I come out, I'll be swole, rich, an amazing cook, and with that library, I will probably have picked up some other knowledge, too, just to keep busy. I mean, don't get me wrong, it's not, like, Powerball-winner money, but you'll be able to do just fine for yourself and never need to worry about money again, provided you live a relatively modest life.
jacuzzi
radio
*gunshot*
*Ludious' body hits the pavement*
i'm getting paid to live in a room for a decade
she must be really getting paid to live in a room for a decade and fuck a weirdo
you don't have to now either
you can be free
Huh, i had no idea it was a multinational company.
Check out my site, the Bismuth Heart | My Twitter
inflation decreases your purchasing power over that 10 years
it would be something like being paid 10 million dollars today, and when you open your paycheck it's only for 7.5
but like than pointed out its not clear if it's inflation-adjusted so the entire exercise is pointless and crap
take 40 guns to maximize dps
Coincidentally
are you hiring
Totally worth it.
Who says chivalry is dead?
how many bricks did you throw
Yes, except I otherwise wouldn't be making 10 million or 7.5 million or 3.75 million or 1.875 million. Plus I don't have to work.
Like, you're focused on being "ripped off" by the loss in purchasing power. But 7.5 million is still a tremendous amount of money.
WHY IS THE MONEY NOT SET ASIDE IN A BLIND TRUST???
IS THE WHOLE WORLD TAKING CRAZY PILLS???
@hamurabi
I do not study international trade, and I get short-tempered about definitions. So take my definitions with a hefty spoonful of salt.
Investment income: you (already) own capital in another country, and receive a return on it. FDI/FPI investment: someone else desires to own capital in your country, presently owned by you, and pays you to transfer the ownership to them.
So these are the same flows in opposite directions, albeit shifted across time: you only own capital in another country after you have conducted that foreign investment. Conversely, someone else presumably acquires capital in your country in order to receive later outbound flows of money.
The inbound/outbound and later outbound/inbound flows are expected to sum to roughly the same magnitudes, in terms of their value at the present moment, but they might not: if e.g., a lot of investments turn unexpectedly bad or good at the same time. Then you may get a financial crisis, sudden outflows/inflows of currency, attacks on the exchange rate peg, etc.
FDI: foreigners direct where the investment goes. Your country benefits from their expertise and connections, but may be subject to foreign objectives that may be different from your own. Foreign portfolio investment is indirect: they buy (generally minority/institutional) stakes in your national capital stock, but they don't control what happens to it; you may have to offer a higher interest rate in return for your retaining control. Compare buying a majority stake in a business, versus merely lending them a huge pile of cash of equal value to that stake. How much this matters, in terms of long-term growth, is a little non-obvious: Singapore is high FDI, Korea is high FPI, Hong Kong favoured neither.
NNID: Hakkekage
Wait, female Redditors get an icon denoting that?
That's effed up.
Check out my site, the Bismuth Heart | My Twitter
you cannot buy a jet or an island with 7.5 million chu
man I would rather be broke at 25 and have ten years of trying to claw my way up to a reasonably successful life than live in a basement for ten years!
Your little analysis here completely left out the massive downside of isolation from society!
Dude the people I'm gonna be managing will be making like $8 an hour and a commission based on departmental sales. And they will be working under me. Which I'm not sure is going to be the best environment. I do promise to never actually tell an employee that they have been "rightsized".
I've seen worse riots than that shit on a thursday
:P
It aint a proper riot till a police car is on fire and tear gas is being shot.
You guys better hope I never become a billionaire because this will be me all day, every day. I will show you just how little humanity and self respect means to you in the face of cash.
haha that's what they call it here when they let people go.
You can get a ballin' yacht though.
twitch.tv/tehsloth
Me first plz
twitch.tv/tehsloth
Which you will go rapidly bankrupt trying to maintain.
Those aren't especially important things to me.
did you hang brain to get those beads or were people just being nice
When there is nothing left on earth to amuse you and your money has already acquired all the comforts and luxuries you can exploit from its diminishing reserves, there is only
THE MOST DANGEROUS GAME
NNID: Hakkekage
Yeah, losing the next 10 years would be worth a lot more than 10 million dollars to me. Way, way more.
There is this really disturbing trend I've noticed with management speak, and that is to show events in the most positive light possible. So instead of layoffs, it's rightsizing. It's like this massive cult focused around never discussing this idea that something has gone wrong. Which seems weird. I shall follow the much more traditional path of just stealing credit and good ideas from my underlings.
That'd be pretty baller.
the artificial island business would be booming
it's just below the cash payout threshold, so I have to pick like
a tent or golf clubs or a gift card or something
it's better than a poke in the eye but it is also lame to be like do I want a big ole gift card to macaroni grill or sears