The massive wealth gap we have today is a result of having high time preference.
Everyone wants to live it up today and they save nothing for tomorrow.
Governments promote this mindset by inflating our money away.
If you live longer than you expected, how do you avoid starving to death?
This is what will lead to a lot of 80-year-old millennials and 90-year-old Gen Zs working at Walmart.
Living like you're going to die tomorrow means you won't plan for long-term goals.
Don't think about yourself - think about your kids and all the family you leave behind.
Remember: your kids are NOT your retirement plan.
rajatsonifnance / Rajat Soni, CFA
npub13w…pnp8z
2024-05-08 20:24:09
Author Public Key
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8zPublished at
2024-05-08 20:24:09Event JSON
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"content": "The massive wealth gap we have today is a result of having high time preference.\n\nEveryone wants to live it up today and they save nothing for tomorrow.\n\nGovernments promote this mindset by inflating our money away.\n\nIf you live longer than you expected, how do you avoid starving to death?\n\nThis is what will lead to a lot of 80-year-old millennials and 90-year-old Gen Zs working at Walmart.\n\nLiving like you're going to die tomorrow means you won't plan for long-term goals.\n\nDon't think about yourself - think about your kids and all the family you leave behind.\n\nRemember: your kids are NOT your retirement plan.",
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