Winners can treat consumption as a temporary reduction in Net Worth because they correctly assume future Labor Income will replenish it. Losers cannot. A Loser spending $5k on a vacation is not merely consuming $5k, he may be consuming the last $5k he will ever earn at his current wage. One bad manager, one reorg, one AI implementation, one Interview where the hiring committee decides he has Weird Energy and the human-capital asset gets marked from $2m to approximately $11/hr overnight. Losers need grotesquely high savings rates and low fixed costs. Paid-off trailer, old Japanese car, Treasury Bonds, no subscriptions, Games purchased six years late. $280,000k @ 4.5% is $12,600k/year. Get burn below that and suddenly the precarious livelihood ceases to matter. The guy who cannot get another respectable Job no longer needs one. Winners think this is deprivation because they have never priced career discontinuity correctly. They model salary as an annuity. Losers know it is a Callable Bond and the Employer owns the Call..

(https://autoadmit.com/thread.php?thread_id=5890655&forum_id=2#50053124)

It’s like talking to Redditors, that automatically think that being above the median or towards the “top” is somehow luxuriant and decadent.

(https://autoadmit.com/thread.php?thread_id=5890655&forum_id=2#50053142)

piss_stored_in_balls

•

6h ago

No offence dude but recently half this subreddit has been walls of text pedalling your 100% bond allocations. We get it, but bruh

(https://autoadmit.com/thread.php?thread_id=5890655&forum_id=2#50053166)

(https://autoadmit.com/thread.php?thread_id=5890655&forum_id=2#50053229)

(https://autoadmit.com/thread.php?thread_id=5890655&forum_id=2#50053385)