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Joined 9 months ago
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Cake day: October 4th, 2023

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  • JasSmith@sh.itjust.workstoMemes@sopuli.xyzI'm working on it, ok?
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    3 months ago

    You will never make more interest on an investment than you will get charged interest for the same amount as a loan.

    The historical S&P500 average is 11.88% annualised. Unless your interest rate is above this, you’re better off investing. In reality it’s more complex as there are tax considerations, liquidity, risk, opportunity cost etc to calculate. If your interest rate approaches this, paying down debt is indeed the best course of action.





  • Rowling is an hell of a woman. She’s donated more money than we will ever earn and doesn’t dodge her taxes.

    She lost her billionaire status a few years ago after donating between 160 to 200 million quid!

    Say what you want about her views on gender, but she has done more good for the world than most.

    Introduced an entire generation to reading. Millions of kids who weren’t big readers picked up lifetime habits!

    Started or donated to many charities. Including the Multiple Sclerosis Society Scotland, The Maggie’s Centres for Cancer Care, Doctors Without Borders, and more. She founded the Children’s High Level Group, known as Lumos, which works to “end the systematic institutionalization of children across Europe and help them find safer, more caring places to live.” She has also contributed to various other charitable causes through her philanthropic trust, Volant.

    Helped save female Afghani lawyers from the taliban.

    Funded the Anne Rowling Regenerative Neurology clinic in Edinburgh.

    And rather more contentiously, has stuck to her guns about the areas where she believes sex should take precedence over gender identity in the face of abuse, rape and death threats.

    And now employment tribunals are ruling again and again that gender critical views are perfectly reasonable to hold and in fact are legally protected.



  • If you decide to continue to grow your wealth from there, you’re essentially not just making money for yourself, but so others can’t have it.

    This is a zero-sum fallacy. The size of the economy isn’t fixed. It continues to grow each year. The hyper productive people you’re referring to are disproportionately responsible for that growth, and they are disproportionately the recipients of that growth. My father was one of those people. Working 18 hours every day for 30 years. It led to a divorce and our family falling apart, but fuck did he generate a lot of economic value for the world, his company, and himself. He didn’t steal it from you. He created it.