A economia é instável. A inflação está em níveis recordes, os pagamentos das hipotecas trouxeram ano após ano e o mercado de ações está gaguejando e extravagando à medida que os ganhos resulta em baixo. Armageddon,
Americans’ faith in institutions is at an all time low and this is a breeding ground for fear.
There are Survivalists, stocking up on canned goods and ammunition to weather the coming Armageddon, Preppers, Indivíduos de alta riqueza Comprando espaço em bunkers com empresas de segurança privada e Evangélicos, orando para que eles nos limparem, que também se rezam e, em seguida, também que se rezem e, em seguida, também que se reenham, e que mais podem voltar e começar, que mais se deparam e, em seguida, que se reenham, que também podem voltar e começar, que mais se há, que mais podem se render. Procurando ficar rico com o medo de que o grande governo, grandes bancos e muito dinheiro estão prestes a nos deixar de que nos decepção e nossos futuros financeiros. Menos. ano, ou simplesmente adicionando seu nome ao degrau inferior de uma pirâmide de pessoas compradas a enviar US $ 20 a todos em uma lista de discussão na expectativa falsa de que de alguma forma esse dinheiro será devolvido exponencialmente. boom. Eles se agruparam em torno de um conceito chamado F.I.R.E -
There is also the rest of us, of course, and this being America, there are plenty looking to get rich out of our fear that Big Government, Big Banks and Big Money are about to royally let us and our financial futures down.
So, what does any patriotic red-blooded, thin-walleted, debt-laden American do?
Find a YouTube channel telling how you can be a millionaire in 10 years or less.
There have been Ponzi-shyster schemes like this for decades on both sides of the pond.
Opting out of your rock-solid company pension to chase imaginary wealth in complex stocks and derivatives, jacking in your solid if boring office job to join the ranks of commission only pension and insurance sales folks on the promise of mega money and a Porsche in the driveway next year, or simply adding your name to the bottom rung of a pyramid of people pledging to send $20 to everyone on a mailing list in the false expectation that somehow that money will be returned exponentially.
These false promises have always preyed on the ill-informed and desperate.
When COVID hit and everyone was sat at home worrying, these ‘self-made millionaire’ videos really started to boom. They clustered together around a concept called F.I.R.E – Independência financeira se aposentou cedo. Ele decolou e se tornou o tópico quente no circuito de planejamento financeiro dos EUA.
Geralmente, a fórmula para esses vídeos é consistente. Uma garota bonita ou um sujeito bem em tons presos na tela, ansioso para dizer como eles foram de US $ 0 para a independência financeira e se aposentaram em 10 anos. Não seguiu as 5, 7 ou 10 etapas simples que ele está prestes a revelar se você assiste a este vídeo. Em seguida, volta ao nosso criador de riqueza de carinho, que nos diz um passo um para inúmeras riquezas começa com “
Oozing snake oil, these young entrepreneurs challenge their own lack of authenticity with opening lines like “Why if it’s so easy, isn’t everyone doing it?” – before proffering that it’s simply because they haven’t followed the 5 or 7 or 10 simple steps he or she is about to reveal if you watch this video.
At this point, the video generally switches to an ad for some financial services firm, tech start up or bitcoin exchange. Then it comes back to our caring sharing wealth maker who tells us step one to endless riches starts with “ esmagando o botão LIGE e assinando para que você não perca as atualizações futuras”.
For those looking for money making ideas, that is where most people should probably turn off the video.
The YouTube algoritmo que recompensa esses jovens kid-rich-Quick-Quick é tudo o que realmente precisam. Se o vídeo acumular alguns milhões de visualizações, o que é fácil de fazer quando as pessoas estão desesperadas para encontrar maneiras de ganhar dinheiro, elas recebem um cheque regular de patrocinadores e anunciantes. Faça uma série de 10 ou 20 vídeos no mesmo tema e você provavelmente transformou US $ 0 em uma quantia fixo bonito.
Sadly, it seems, there are plenty of people following their simplistic, unregulated advice, which largely consists of cancelling your Netflix account and buying Dodgecoin instead.
From my very unscientific research, it seems the majority of people flocking to the FIRE movement fit a certain profile. They already live in some rural or ex-suburbia part of a flyover state, are white, male, work from home, practice extreme frugality, and are probably in software sales or such.
From their videos they come across as probably ‘economic libertarians’, at that end of the political spectrum which distrusts everything and everyone. They are rich in conspiracy theories, sometimes dipping into antisemitic tropes, and have a belief there is a secret organization of grey men in grey suits who are determined to take your wealth away any day now. They also have a passion for crypto-currency as some way of not having to deal with rational economics.
Worrying as all that first appears, it is fuelled by some pretty horrific facts and stats for Americans as they approach their autumn days.
Recent research shared on CNBC revealed some 40 percent of middle-class Americans are at risk of poverty in retirement, due to depressed earnings and asset values and soaring health-care costs. Unpaid medical bills are the number one cause of bankruptcy in the US.
24% of working Americans have no retirement plan – that doesn’t mean they haven’t got a document mapping it out – it means they have no savings to replace their pay checks when they retire.
And today, more than half of working Americans are relying on Social Security for their retirement. Currently Social Security payments hover around 40% of the average salary so some dramatic reductions in wealth are expected.
As a consequence, nearly three-quarters of workers now plan to work past the retirement age of 67 – look out for septuagenarian firefighters, teachers and nurses in a town near you!
Against this backdrop, it isn’t hard to see how the promise of getting to Independência financeira se aposentou cedo é atraente.
Os políticos estão cientes dos riscos. 401K Plano de estilo de pensão, com uma contribuição compulsória crescente, mudará drasticamente as fortunas para muitos dos trabalhadores subfinanciados de hoje. 75 anos, oferece aos investimentos uma melhor chance de o milagre do crescimento composto.
Earlier this year they passed the SECURE 2.0 ACT, a raft of measures which are intended to make retirement more sustainable in the future.
There are plenty of complex elements but compulsory enrolment of employees in a 401K pension-style plan, with a rising compulsory contribution, will dramatically change the fortunes for many of today’s underfunded workers.
Equally, allowing older workers to shovel huge sums of their income into their 401K as pre-tax contribution will help those approaching the end of their working career to catch up, and pushing the minimum age at which you must start withdrawing your savings or cashing your pension to 75 years, affords the investments a better chance at the miracle of compound growth.
America é para empreendedores. Ele adora uma história de trapos-riquezas e é excepcionalmente interessada em esquemas de 'ficar rico rápido'-mas jogar com sua pensão é um jogo de um jovem-porque quando der errado, por assim dizer, você ainda tem tempo para voltar para o Mainstream e começar a reconstruir. Liptrot
Hey on the bright side – you get your Netflix account back!
