I knew a guy named Richard Odar, pronounced odor. He didn’t go by Dick.
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Joined 1 year ago
Cake day: August 14th, 2023
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4·2 months agoVideo games, Movies, Books
It has 3 solid GameCube games
It has 3 soild movies
It has 3 solid books
12·2 months agoWe administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare.
Social Security provides retirement income for almost every American worker.
An investment fund is a supply of capital belonging to numerous investors, used to collectively purchase securities, while each investor retains ownership and control of their own shares.
The only thing not making it an investment fund is that the government forcefully takes the money and you don’t own the money after it is taken.
The average person gets the majority of their retirement income from SS.
Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.
Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed.
The average person makes 65k
Social security is 12.4%
Medicare is 2.9%
Social Security is 8.19k
Medicare is 1.885k
Average person pays 10k a year to SS and Medicare.
Retirement age is 67
Start work at 18, 49 years of work.
S&P500 has returned an average of 10.64% apr for the last 100 years. 16.5% last 5 years.
30-year morgage is ~7.5%
Let’s just assume the person could put extra money towards their mortgage, gaining 7.5% apr.
10k/12= 833.33 per month
833.33 a month at 7.5% apr for 30 years is 1.02M
833.33 a month at 10% apr for 49 years is 10.41M
Government takes 1-10M from the average American retirement account to give them SS and Medicare.
Let’s say you live until 80. Average life expectancy is ~77.5. Means you have 13 years in retirement.
Average SS payment is 1,864.52 a month. 22,374.24 a year.
13 years of 22,374.24 is 290,865.12.
Average person is losing 750k-9.75M for retirement.
Medicare is a whole other beast but unless you’re going to pay 750k+ on medical expenses in retirement, it’s not going to benefit you.
Even with Medicare you have to pay premiums, deductibles, copayments, and coinsurance. So it’s not like it’s all covered for “free”.
SS is a government ran ponzi scheme. Anyone else doing it would be a crooked investor.
I get that minimum wage is $7.25 and that’s 15k a year. They are paying 2k a year for SS. They will most likely benefit from the system.
But the average American shouldn’t be footing so much of the bill and not seeing any benefits.
It’s crazy
Last lap
Make it your best!
Low battery noise for Astro headphones
Beeeep.beep.beep beep…beep…beep
What you’re saying
Say my mortgage is 1k a month.
I can’t afford 1k, so I let you move in and pay me “rent”
You pay me 1k each month.
After a year, I kick you out and move back in.
Where’d your 12k go?
Bank going to give 12k in cash to you and increase my mortgage by 12k?
Why would someone buy a house so someone else could slowly buy it from them? They would essentially be acting like a bank.
Who keeps up with the house maintenance?
Landlords are unneeded middlemen. A good system doesn’t use them.
Your idea is “rent to own”.
You can rent to own a Playstation that’s 300 dollars for a small monthly price but at the end of the loan you’re going to pay 600 dollars total for the Playstation.
Why am I going to go to Best Buy, buy a Playstation for 300, then let Jimmy down the street play with it while he slowly pays me back my 300?
Why am going to buy a house for 100,000 and let Jimmy rent to own it?
600 a month for 15 years. He’d pay for it.
If I put 100k in the S&P500 for 15 years, I’d have 415k.
Would I rather:
A. Help Jimmy get a house
B. Make ~300k for just sitting
Push for Supreme Court ethics reform, term limits and add amendment to make even the president not above the law.
That’s why I use tungsten. The superior metal
https://youtu.be/JdOwTN4-n1I?si=BSFSYj4FbGWLfqHA
I remembered it wrong. He wasn’t doing laundry. He was pouring concrete into the guy’s washing machine.
No idea what that guy did to deserve a messed up washing machine.
“You ever use the gentle cycle?” Absolutely hilarious /s
You have to have grown up with it and gained an unconditional love of the characters. You don’t care that they are an asshole to a character you don’t like.
Look at Kramer he is so stupid he can’t figure out a washing machine! Lol he’s going to try to pour a bunch of detergent in next and act like he’s drunk because he’s that stupid! He’s so funny!
Edit: Remembered it wrong. He was pouring concrete into the washing machine. Classic asshole
It was always played with a keyboard. No one is ever slaping a bass
1·4 months agodeleted by creator
There are the “I like to keep my house at 66°F because I like to wear a hoodie or use a blanket”. They are going to say that 75°F is warm or even hot for a room.
If an average person sat naked in a 75°F room they would be happy.
68°F or 20°C is cold for me. Even 70°F or 21°C. I keep my house around 72° to 74°F and bump it up or down a degree. Coming in from mowing the yard, bump it down, sitting all day watching movies, keep it the same, cold winter day, bump it up.
Older people keep their houses at 78°+
100°F doesn’t mean “not fit for human habitation”
Anything above body temperature of 98.6°F (37°C) you are slowly cooking yourself. That’s why 100°F is important.
50°F is the point where you need clothes to survive. If you sat naked in a 50°F room you run the risk of your body not being able to generate enough heat and you’ll slowly die.
~75°F is room temperature. It’s in the middle on the warm side.
70°F is a cool room, 80°F is a warm room.
Whenever I think of Celsius I see it as 0° to 40° with 20° being room temperature. I hear 30°C and think halfway between 70 and 100 so I know it’s around 85°F and I know how 85°F feels.
But like 35°C. That’s 3/4 of the way from 20°C to 40°F. 100°F-70°F is 30°. 3/4 of 30 is 22.5. So 35° must be close to 70°+22.5° or ~93°F. I know how 93°F feels.
I can see how celcius is easier if you learned it as a child. 35°C would just be 35°C. But trying to quickly wrap your head around it is difficult unless you just know it. I’m sure if I said 93°F you could tell me that that is pretty hot.
You never deal with 0°C/32°F or 100°C/212°F unless you’re in a science lab.
They are nice numbers in celcius, but for real-world applications, it’s almost meaningless.
When I boil water on the stove, I don’t check if it hits 100°C. When I freeze water in the freezer, I don’t check if it hits 0°C.
Everyone can get by without knowing the exact degrees.
This is pure water at standard pressure. Higher or lower altitudes will change it, and if your water has minerals or impurities in it, it will also change it. It’s pretty arbitrary.
Water on roads can freeze before it hits 0°C outside. It can even snow above 0°C.
Fahrenheit is a very simple scale other than those two things. <0° extremely cold, >100° extremely hot for air temperature. Freezers are 0°F and Saunas are 200°F. Hot tubs are 100°F. You bake cookies at 325° to 375°, pizza is cooked at 600° to 800°F. You’ll find a lot of 25° increments in cooking.
Fahrenheit isn’t really a part of the US customary units.
Knowing both Fahrenheit and Celsius, I do think Fahrenheit is simpler for real-world applications. For science they are just numbers on a scale. Converting is the only real problem.
1 centiyard is about equal to 1 centimeter
1 miliyard is 3 milifeet
1 kiloyard is 3 kilofeet
It would be the same as the metic system having something like a “hand”
That if you wanted to express 1/3 of a meter you could just call it 1 hand. 2/3 meter would be 2 hands.
If you were using this metric system and knew that something had to be two hands long. You’d simply call it 2 hands instead of .66 meters or 66 centimeters.
If something had to be 2.5 hands long it would be .825 meters or 82.5 centimeters
Meter and yard are both random established lengths. Using miliyards or millimeters is exactly the same.
US customary units just have smaller unit names you can call them if it is convenient. If you never wanted to use anything but yards like the metric system does meters, it’s possible. Don’t want to use miles? Then megayards.
I do think 1 simple system that everyone uses is needed and the metric system is simple.
But if stupid Americans can use the “difficult” system, it can’t be too hard.
I knew a Richard Odar. Pronounced odor