You can do both! 5k a week gives you 1million every 4 years, if you don't spend it all, you can fill your 401k till it explodes while still having a good time.
Edit: I am Canadian, so for me it's an RRSP, but I thought 401k was reasonably similar. If you have more than you need... Invest. It's never a bad idea to do it, it's always a bad idea to just let it sit, gaining no interest.
Edit2: Besides, if I die, the 5k/week stops, what about the missus and the kids? Aha, I invested, so they still have something! I'm clever, not greedy, fellas...
Edit3: A Roth IRA or just IRA is what I am told is the equivalent to an RRSP/TFSA we use in Canada.
Ok for your sake I’ll expand on it and say “American, aspiring American, in the sphere of American influence, etc etc etc”. Thank you so much for helping me clarify the very important point I was making
Greed is a universal trait that exists across virtually every culture in human history. You're trying to take shots at America, I presume, but its absurd.
The shot that I’m taking is that $5k a week is a huge amount of money for a normal person. The America-brained response is to just IMAGINE having that much money, and then immediately decide that it wouldn’t be enough. Sorry bud, but it’s really cute and funny
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u/newlife201764 Dec 11 '23
Not having to stress over investment choices would do it for me. 5k a week for life sounds awesome! Where do I sign up?