• 8 Posts
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Joined 2 years ago
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Cake day: January 4th, 2023

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  • sub_ubi@lemmy.mltochapotraphouse@hexbear.netYeah I read theory
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    4 days ago

    You’re welcome to dunk, I don’t mind.

    Assuming you engage in wage labor (despite it being antithetical to all of our beliefs) and your employer offers you a greater portion of the fruits of your labor via a matched savings account, is it wrong to accept it? I think it’s not wrong at all, and workers should accept and make the most of their 401k.

    Bruenig’s video is a framework for understanding personal finance from a leftist perspective, or the “personal welfare state” as he calls it. These are things the state should handle, but instead has created a mess of rules we have to decipher.


  • sub_ubi@lemmy.mltochapotraphouse@hexbear.netYeah I read theory
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    4 days ago

    Matt Bruenig has a great and short tutorial on personal finance and investing, https://www.youtube.com/watch?v=Efr2UORgO2w

    the graphic at 17:30 summarizes the hierarchy of savings (1. Emergency fund 2. employer-matched retirement 3. high-interest debt 4. other tax-advantage accounts 5. low-interest debt 6. taxable brokerage account) - he notes that he and most others will never make it to 6.

    The graphic at 31:00 summarizes common pitfalls to avoid, unless you have a deep passion. 1. individual stocks 2. crypto 3. house flipping/renting (don’t be landlord … for financial reasons!) 4. expensive homes 5. private k-12 education