EDANCY AU || 10 Things I Hate About You

insp brought to you by this fic

but nothing is forever, nothing would be better than you and me (insp)

I can handle my shit

TAYLOR SWIFT The Eras Tour, Paris May 9, 2024

TAYLOR SWIFT The Eras Tour, Paris May 9, 2024

FORTNIGHT The Eras Tour — Paris, France (9 May, 2024)

Explain your reasoning plzzz

They really need to teach financial literacy better in schools

This would get greater daily returns, but I feel like you're failing to acknowledge the perspective that a lot of people just don't want to maximize whatever earnings they might have. For me personally, $1000 a day is vastly more than I would need to live comfortably for essentially the rest of my life. I don't have any desire for more than that.

I'll take the $1k per day, not bc of the higher accrued amount, but because I like the idea of guaranteed income better than a one-time payment.

After all, lottery winners are the people most likely to go bankrupt.

Exactly. If you want to maximize your financial high score, yes, you should take the lump-sum payout and invest it.

However, "maximize my financial high score" is not most people's primary goal in life, nor should it be.

Most people's primary goal in life is to be happy as much as possible, and past the point that a person's needs are met and they have wiggle room to afford comfort, and don't have to worry about being bankrupted by the mundane sort of emergencies that cost money to get sorted out (car breaks down, broke a bone and need medical care, pipe leaking in the basement, etc) more money does not increase happiness. What DOES increase happiness, consistently, is having free time and fewer tasks on one's plate that NEED to be done so that one can choose how to spend one's time.

"Financial literacy" ceases to significantly matter at the scale of this hypothetical. You can be the dumbest idiot alive and either way you have a huge buffer before your dipshit financial moves actually screw you over in a way that matters. What matters here is having a good sense of who you are and what your goals are, and having the ability to weigh your options according to YOUR OWN desires rather than what someone else, or society at large, tells you you're "supposed to" want/do.

$1000/day does amount to less money in the long term than a well-invested, one-time $10,000,000. But it also means that you don't have to worry about investing wisely. You don't have to expend that mental effort to figure out where to put the money to get a decent return. You don't have to wrangle "how much do I need to pull out before I invest it so that I can cover my expenses this month", or deal with sorting it into an emergency fund, a long-term lower-yield but higher-safety account, a long-term high-yield but also higher-risk account, etc etc etc.

You know a guaranteed minimum amount of money you'll get within any given time period, no matter what the stock market does. Worrying about "but what if the economy crashes" is completely off the table for you. You aren't relying on investments doing well, you're relying on a guaranteed minimum $365,000 salary a year PLUS any additional income you make either by labor or investment. It's impossible for anyone to rob you of money you don't already possess, so your risk of getting screwed over to the point of losing everything if you're just a little bit sloppy with safeguarding your personal info (in ways anyone can easily make simple mistakes) is decreased. If you've saved up $10k and someone steals it all, in a manner you can't recover, you'll still get $1000 the next day to start over with. Similarly, you're safeguarded against your own impulsivity. You can go into debt, of course, but no matter what you do you're guaranteed to have another $1000 tomorrow. Blew it all on hookers and blow? Tomorrow you have $1000 for rehab. Fucked around, bought a stupid expensive car on credit, didn't make the payments and it got repossessed? Tomorrow you get $1000, which is definitely enough to at least pay for an uber to anywhere you need to go.

You can make a budget that lets you do almost everything you want to do -- your limitation has become free time, not affordability, unless you're the kind of person who really enjoys shitting in brand-new gold-plated toilets every day. If your dream life involves "spend a lot of time gardening/knitting/playing guitar/playing video games", congratulations! You can easily do that very comfortably with $1000/day!

Not having to manage a large investment portfolio or worry about if the people you hired to manage it for you are honest is 100% worth the slight downgrade from a lavish multimillionaire lifestyle to a merely solidly-comfortable one just for the peace of mind, to me. Like, what do I care for gold-plated toilets? I don't want a private jet or a mansion with maids to clean it. I just want a house with a yard, enough time to garden the way I want and work on personal goals and hobbies, and an income that supports being able to have that AND some nice hobby supplies AND good food AND not having to worry about how I'm gonna pay for it if I step on a rusty nail outside and have to go get a tetanus booster about it. Maybe a little vacay once in a while. I don't want to consume to excess or fret over whether Number Go Up. I want to fuss over my little bonsai trees and darn my socks even though I don't NEED to, just because it's a relaxing activity and I find it satisfying to thumb my nose at consumerist disposability culture by fixing shit instead of throwing it out and buying something new. I want to learn woodworking and build a table and then put my little bonsai trees on that table in the sunny window. I want to sleep in a beanbag-nest loft bed with a pile of cozy blankets and plushies, wake up at my leisure and have a buttered toasted bagel and a mug of oolong for breakfast. I want to have friends over for cookouts in my backyard, and I want to be able to throw a few hundred bucks at my friends when they have financial emergencies and not have to stress about whether or not they'll pay me back. I want to write crochet patterns for fancy scarves and publish them for free so that other people can just enjoy making things too, without it having to be a monetary transaction. I want to take naps when I feel like it, go outside in the sun or the rain when I feel like it.

$1000/day is more than sufficient to afford the life I want to live, and it offers a stability and consistency that the other option does not.

y'know what I'm not done (I'm almost done)

True financial literacy includes the ability to recognize how much you need to live the life you want, and the capacity to be satisfied with "enough". I agree that that's not taught in schools, and should be, but in context the complainer about "financial literacy" above is just demonstrating that they themself don't understand the concept of "enough" very well.

and now, some input from macklemore

but in all seriousness, respect to macklemore for this because holy shit

I'M DOING AN EXPERIMENT

To prove something to a friend, please

REBLOG IF YOU THINK ASEXUALS BELONG IN LGBTQ+ SPACES

LIKE IF YOU THINK ASEXUALS DON’T BELONG IN LGBTQ+ SPACES

:)

REBLOGGING SO HARD.