381–390 of 443 posts
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Please link the relevant law that makes it illegal to be homeless in texas.
https://legaloverview.com/is-it-illegal-to-be-homeless/
Also, from your own link:
>Is It Illegal to Be Homeless
>No US law makes the status of being homeless a crime. You cannot face arrest simply for not having a permanent address or for being unable to afford rent.
Financial advice for most people is incredibly straightforward and it can be summed up as: cut expenses and invest conservatively. Cutting expenses is the absolutely best thing you can do because it gives you more money to save AND reduces how much money you need to survive in retirement. Drive a 2007 Camry instead of buying a new F150 every 2 years. Live in a small as space as possible. Don't buy designer whatever.…
At Pendragon we're not here to nag users (we have an anti-Karen clause in our constitution) we're here to help them achieve their goals responsibility and set up a sound plan best for their situations. Whether that's buying a house, a new boat, or saving for college, we help users achieve their goals safely and efficiently.
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If you only have a fixed amount of money to put aside every month, DCA makes sense. That applies to 99% of people. Not terrible at all.
That's not really DCA, at least how I understand it. DCA is something like "I have $520,000 in cash right now today sitting in checking, I'm going to buy $10,000 a week of VTSAX for the next 52 weeks" which on average is a bad strategy. What you're describing is better analyzed as a continuing series of lump sum investments. You're investing as soon as you have cash available, not unnecessarily holding onto cash.
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Not OP, but I think they are referring to the fact that you can get tax advantaged accounts instead of a standard savings account. Not to mention the interest rate on those accounts is basically a rounding error.
A child can not get a tax advantaged account. You need earned income to contribute to those.
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I think you're missing the point why younger people do that. Real wages have been deteriorating over the years. It's much more difficult to afford a house today than it was 50 years ago. People are perfectly aware that investing into index funds is the "correct" approach, however it does not solve anything for them. They're desperate and for them _to gamble_ seems like the only way to become decently rich allowing to…
Yes. You used to start at -1000 points and earn 5000 over your life. With investment and luck you could make that 10000 and end up at +9000. Now you start at -9000 and earn 3000. With investment and luck you could make that 6000 and end up at -3000 so that's still a guaranteed loss. To have any hope of hitting the positives at all, you need to excessively gamble. Sure you could end up at -999999 (which is no worse th…
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What are you talking about? What is “rent”? You can rent an individual room. You can rent a double-wide trailer. You can move to Kentucky. You can work 40 hours (guaranteed 40-50k year). > stop responding to all incentives and deliberately go against the grain of every system and form of aid. Yep, that’s a pretty unique kind of person.
I'm talking about this scenario we are discussing, where someone saves money by not paying rent. Which kind of homeless will they be?
The level of discipline and focus to be that kind of super saver doesn’t sound like the origin story of a guy with a shopping cart.
Another aspect that gives ms pause is living in ann unmaintained apartment where you don’t have insurance etc is miserable. And that’s the reality of being poor. I’m not sure why we need to pretend we can all become homeless when the actual danger is already real and bleak.
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> I use YNAB I was happy to pay for YNAB4, which was local-only data. I have no interest in paying a subscription for YNAB5 when I have no need for cloud-access or cross-device syncing. If YNAB5 was one-time purchase plus optional syncing, I'd consider the one-time outlay.
I use YNAB4 to this day and the cross-device sync still works
The hard part is behavioural/emotional/psychological rather than technical. Usually discussions about money are never actually about money, but rather safety, fear, etc. That’s where a real advisor earns their keep. Understanding the client and instilling confidence/comfort.
Costs a bit of money but he probably does some things with his brokerage's computers that I don't have easy access to and, with one exception, I've consolidated a number of accounts to him--a couple of which I barely looked at. He's also good as a sounding board. I'll sometimes push back if I have a slightly different view of risk/return for some things but I mostly take his advice both for managed accounts and one I directly control at a different brokerage.
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https://legaloverview.com/is-it-illegal-to-be-homeless/
Thank you for ignoring the request and not providing the simple link i requested. Also, from your own link: >Is It Illegal to Be Homeless >No US law makes the status of being homeless a crime. You cannot face arrest simply for not having a permanent address or for being unable to afford rent.
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If you’re a layman investor just dump all of your shit in index funds. Even if you’re smart and sophisticated, you’re still competing against the massive amount of fraudulent insider trading happening right now with zero enforcement and are trading at a disadvantage as a result
I think you're missing the point why younger people do that. Real wages have been deteriorating over the years. It's much more difficult to afford a house today than it was 50 years ago. People are perfectly aware that investing into index funds is the "correct" approach, however it does not solve anything for them. They're desperate and for them _to gamble_ seems like the only way to become decently rich allowing to…