nightscout

1. Started a small mutual fund and retirement fund when I was just starting out and still in undergrad. I did not have much and was fully self sufficient. But someone came to my job and showed us how retirement plans worked and convinced me to start one. Same with a mutual fund. I never put more than $20-$40 in each because I didn’t have much but boy did that pay off.

2. I purchased a small condo in the city with some of the money I put away in #1. Just sold it recently (20 years after purchasing it; lived in it for 5 years, rented it out for a profit for 15 years). I made a lot of money off that sale. More money than I’ve ever seen at once.

3. My spouse and I have always lived below our means. Now we’re not frugal - we go out for nice dinners, travel, have kids. We also have good jobs. But, when we purchased a house we could have afforded to get one that was $600k and instead opted for a smaller townhome in a nice neighborhood for almost half the price. Living this way has paid off more than I could have ever imagined. Both of us don’t have to work. We travel whenever we want. We could technically both stop working in our 40s/50s and probably be fine. It’s a feeling of freedom. We’ve never over-extended ourselves. When our colleagues and friends were buying expensive homes and expensive cars and extending themselves, we just didn’t do that.

To understand why this is happening, you have to go back in history to the end of the slave trade. When the ability to kidnap people from Africa and bring them back to enslave them was legally ended, the white enslavers realized that the only way they could keep slavery going was to force people to breed more slaves. Google that history. It is utterly abhorrent but necessary to understand where the Republican Party is coming from today.

Since the end of slavery, a certain contingent in the U.S. has never gotten over the fact that they couldn't legally have a sub-class of citizens that they could use for free or nearly-free labor. So they kept trying to find other ways to keep people oppressed, and they expanded that oppression beyond just black people and to any of the "less desirable" groups. Think not just Black people, but also Irish, immigrants, Appalachia. They pit these groups against one another because divided people are easier to control. But the goal is the same - have large groups of people poor for generations who have no other option but to work for slave wages and keep the people at the top very, very rich.

Slavery in the U.S. was a huge economic force, one that a certain contingent (the very wealthy) never got over losing. The next best thing was to create whole groups of people who are desperate enough to work for almost nothing. That's what we have in this country now. And it works best if those people are constantly putting out more children. That keeps them even more stuck and more desperate, and it keeps a steady supply of cheap labor coming.

It's no coincidence that they want abortion ended but also want to ensure those same people are continually subjected to sub-standard education, that those same people are "allowed" to send their kids to work (defeating years of progress through child labor laws), that those people are also unable to access higher education, government benefits, or virtually anything that could potentially make their lives better.

Here’s my hope as a 40-something who came of age when the internet was just taking off.

I REALLY HOPE this is the push we need to move away from corporate-owned social media. I have high hopes for federated platforms and forums that are much more like what the internet was when it started (but better because now we have mobile devices).

I realize a lot of people see social media as being some evil thing, but we also fail to realize how much good it has done. Marginalized communities have come together online and formed real movements. People living with health conditions have been connected to one another for support and also life-changing resources and care. People who were isolated because of disability found communities.

I would like to see old-fashioned blogs and RSS make a comeback. I’d like to see forums and federated sites like Lemmy take off. I’d like to see social media sites that have been given way too much weight in society collapse. I don’t think government or reputable media outlets should ever be using a corporate for-profit entity as a means for distributing information.

Health-related communities, particularly those for specific medical conditions. Those are the communities that really become a lifeline for people, help them through diagnoses or just difficult times, and can serve as an excellent resource. I was active on r/diabetes_t1 on Reddit and am trying to get a community started here on Lenny.world (!T1diabetes).

I don’t recall the specifics of the one article I read about this, but yes, I think being able to declare bankruptcy gives an out for at least some of the debt. I believe there was also some way that doing so protected Tesla but can’t recall exactly how that worked.

This just doesn’t seem like a “he’s just bad at running a company” situation. A company of Twitter’s age and maturity could have run itself for quite some time if Elon just let it continue on. He’s doing this intentionally for some self-serving reason.

IIRC, causing its value to plummet is the easiest way for him to get out of this whole fiasco via bankruptcy (remember, he was basically forced into buying it). He played a stupid game and won a stupid prize and now he’s desperately trying to find a way out.

This only makes sense when you understand that he’s intentionally trying to destroy Twitter.