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this post was submitted on 23 Oct 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Diversify homie.
I'm not a financial wizard, "homie." It's not my area of expertise. I wouldn't try doing surgery on myself either.
It is orders of magnitudes easier to manage your own finances after a few days of reading than becoming a doctor lol. Bankers don't really do all that much.
Ah, the typical "I did it so anyone can" that I hear from libertarians all the time.
I'm not a libertarian, but no matter what happens in the world or what social system you live in the industrial age you have to manage your own finances to some degree. It is really easy, bankers are literally criminals and by deferring to them as professionals you do a disservice to yourself and the world.
You need a pension and your need a personal account and you need to take care of it or else the only person who will suffer in this scenario is you.
Financial advisors also exist for a reason. And they aren't bankers. Bankers don't even give financial advice when it comes to investment to have money for retirement, so I'm not sure why you keep bringing up bankers.
Don't be your own worst enemy.
Getting good sound advice for free is a rare event, one that shouldn't be passed up on.
Diversification isn't brain surgery. It just means buy different things. Put some into a savings account, some into your retirement account, and some shares of VOO. Consider property, gold, bitcoin, bonds, and whatever else floats your boat. Spend a few hours on Google and you're good to go. You can obviously read and you have the internet so you'll have no issues with any of this.
I have no idea what VOO means. I don't have time to research this sort of thing. I sincerely doubt you can learn enough in a few hours on Google to ensure proper retirement investment. I think that is highly unlikely and if that is what has done it for you, you've just been lucky.
Business schools in universities exist for a reason. MBAs exist for a reason.
Since you can read and you have the internet, you could find out what VOO is within seconds. This learned helplessness routine of yours is not believable. You don't need an MBA to open a bank account, or an account with a broker.
You know how every bank commercial says "FDIC insured" at the end? That means you've got insurance on your money in there up to $250K. Don't put more than that in any account or a crash may disappear it. This is why you diversify.
https://www.investopedia.com/articles/investing/121814/look-vanguards-sp-500-etf.asp