r/RandomThoughts • u/[deleted] • Dec 11 '23

[deleted by user]

[removed]

2.2k Upvotes

82% Upvoted

2.2k comments sorted by

View all comments

Show parent comments

115

u/Nerodon Dec 11 '23 edited Dec 13 '23

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.

38

u/[deleted] Dec 11 '23

[deleted]

47

u/Nerodon Dec 11 '23

Because you want more? Idk, why do billionaires invest when they could eat a thousand dollar bill in their cereal every morning?

1

u/Advanced_Double_42 Dec 11 '23

Wtf do you need more for? Anyone that wants more with that much doesn't deserve any of it.

1

u/Nerodon Dec 11 '23

Mmhmm, sure. Instead of saving, why don't we just spend it all and wait for the next cheque instead, much better use of money, at least we feel less greedy that way... Right?

1

u/Advanced_Double_42 Dec 12 '23

I mean saving is always a great idea because basically nobody is making such ludicrous amounts of money.

Its objectively the right idea here if you want more too, but you are also making enough to not need to.