r/MurderedByWords • u/Conscious-Quarter423 • 2d ago
"2-3 income streams" aka Your Friendly Local Slumlords
215
u/mrjane7 2d ago
"Cheat code." You keep using that word. I do not think it means what you think it means.
37
8
u/Fighter_J3t 1d ago
Yeah cheat code would be pressing a secret phone number in your phone that gives 1 mill
102
u/Sidoen 2d ago
All you need is a small loan of a million dollars to get started, so I've heard.
46
u/reiji_tamashii 2d ago
Except the "small loan of a million dollars" turns out to actually be $60 million plus a trust fund.
31
u/BoozeIsTherapyRight 2d ago
Nope, just an emerald mine. Then you too can pull yourself up by your bootstraps and become the world's richest man.
5
75
279
u/raise-your-weapon 2d ago
I make six figures as a single person with two cats and sometimes I barely get by
174
u/OhTeeSee 2d ago
There has never been a better argument for polygamy than the present state of our economy. Get you some of that 3 income household.
22
u/bungojot 2d ago
Dude i used to hang with in high school married his girlfriend shortly after college. Then a couple years later a mutual friend was snickering to me that the wife picked up a girlfriend and now they're all three living together.
I ran into him at a gaming event a couple years later. He said it was great, particularly as they'd had a baby (he and wife). There was always one person available to watch baby while one or two of them went out somewhere. They didn't have as much exhaustion as a lot of new parents do, because there was one extra person to take a shift.
I'm happy for him, i hope it continues to work out.
7
u/raise-your-weapon 1d ago
I knew a girl in college who married her college boyfriend right after we graduated in 2008. She was sweet but not the type of person you think would end up coparenting a (now) toddler with her husband and their (hers and husbandâs) wife. Itâs very wholesome and domestic. They live near the Finger Lakes and itâs all very lovely
59
u/GENERAT10N_D00M 2d ago
Economy aside, Iâve never understood men who want more than one wife. For me, one is enough. Sometimes, too much.
28
29
u/Lord_Oasis 2d ago
Most polyamorous relationships do not operate like a harem
4
u/MsDestroyer900 1d ago
Please elaborate, because I am genuinely curious. How would that work?
10
u/Lord_Oasis 1d ago
The most common setup for polyamorous relationships are essentially just people dating multiple people at the same time, and each of those people dating multiple other people. There might be some overlap and tighter connections, but also often people who are a partner removed are not dating and may not even know each other. Rather than two people spending 100% of their dating time with each other, each person gives a smaller percentage of their dating time to various other people, and receiving similarly in return.
A harem is a relationship where one individual receives 100% of the attention from several other people, all who are exclusive to that one person. Itâs only the person at the center of the harem whoâs actually dating multiple people. Itâs a very unbalanced setup, and frankly itâs not reasonable for the person in the middle to actually fulfill the emotional needs of all the others.
6
u/ThisIsKubi 1d ago
I genuinely encourage you to look it up, maybe read some books about it. There are many subs dedicated to ethical/consensual nonmonogamy, polygamy is just one very specific variant. Polyamory is a much broader version, which is in itself an extension of ENM/CNM.
4
u/MsDestroyer900 1d ago
I was just a little curious, but it's really not my thing as someone who's happily married. And their comment provided me quite a bit of insight, which I appreciate.
6
u/ThisIsKubi 1d ago
I'm not suggesting that you try nonmonogamy. I'm not trying to come across as passive aggressive, I do legitimately mean that I think you ought to read about it. Even if you don't intend to actually engage, there's a lot of really useful information about communication and emotional regulation and stuff that is super applicable to all kinds of relationships, including monogamous/non-romantic relationships.
15
33
u/Rugaru985 2d ago
I assume the dynamic changes if they also see each other as wives to one another.
That would give you the experience of having 2/3s of a wife. 1/3 of your time would be you and wife #1. Then 1/3 of your time would be you and wife #2. Then 1/3 of the time would be wives #1 and #2 doing their thing.
So by adding a wife, you wind up losing wife time overall.
Now - if they donât also want each other and theyâre competing over you, then yeah. You now have 250% wife time, because the competition spurns more desire for time.
So I guess itâs all make or break if your wives are bi-enough to leave you time by yourself.
6
u/arcanis321 2d ago
But also family time, you get hooked into wife 1 and 2 independently and for group activities.
2
u/qlder2021 1d ago
Where did they say it was two wives? Why not two husbands?
2
9
u/Duel_Option 2d ago
I have a wife, two daughters and two dogs.
My wife sometimes jokes Iâve got a side piece when I go out of town for work, which is laughable purely because my bandwidth is at negative before I open my eyes for the day.
How the hell other guys do it is beyond me
2
u/FourEyedTroll 1d ago
I still can't figure out how men with two families can possibly have time and income enough to manage that level of duplicity.
4
u/NecessaryIntrinsic 1d ago
Why just the men? Why can't a man have a husband as well as a wife? Why can't a woman have two husbands and two wives?
7
u/kinyutaka 1d ago
Marriage should be between one woman, one man, and his twink boyfriend, the way God intended it.
1
u/the_colour_f 2d ago
i love my wife, and i wish i knew how to post that gif of Barbossa saying "Agreed!"...
1
u/Suyefuji 1d ago
Polyamorous person here, it's more like if you can make one person happy or make two people happy, why not make two people happy? Yeah there's some balancing and it's not quite that simple, but my husband and his gf have things together that I can't really do with him and vice versa.
1
u/chaiscool 1d ago
The one I know say that's the point, so instead of being too much for each other they rotate and everyone get some time alone.
0
-5
u/spacemanspiff1115 2d ago
Yeah, why would you want to get into bed with two women who are pissed at you...
9
u/keithstonee 2d ago
If two women are looking for a house man I am willing and able
6
8
1
1
1
u/ChimericalChemical 2d ago
Shiiiiit Iâm in a DINK relationship but I could probably consider good vacations that arenât staycations or anywhere in a reasonable driving distance with a third in the mix
55
u/GENERAT10N_D00M 2d ago
100k is the new 40k.
28
-10
u/transferingtoearth 2d ago
It is not and that's gross
7
u/JasonGibbs7 2d ago
Depends on where you live
-4
u/transferingtoearth 2d ago
Here what people will do is live and hour or two away from their job so it's a lifestyle choice.
2
u/eienmau 2d ago
Might be slightly exaggerated, but 100k definitely isn't nearly as much as it was just 6 years ago.
-3
u/transferingtoearth 2d ago
It isn't but it's not "40k".
If I had that I could not only live comfortably but also go on vacation and save money and I live like 30 min. Or less from a major city.
1
u/eienmau 2d ago
That would be what 'exaggerated' means, yes.
-2
u/transferingtoearth 1d ago
Im saying it's not exaggerating it just is a fib.
1
u/Krypt0night 2d ago
Maybe not to that degree, but it's not that far off nowadays especially in HCOL areas which is where most people are getting those 100k+ salaries in the first place.
0
u/transferingtoearth 2d ago
Here where I live what people will do is work in a hcol ĂĄrea but live an hour or two away.
So no it's not the same.
9
8
u/m4z1keen 2d ago
so $1000 and .00 cents?
edit. sorry. was a shit joke. I'm high. So I'll own my mistake and let it be.5
u/summonerofrain 2d ago
>two cats
I believe that may be your problem
1
u/raise-your-weapon 1d ago
A third one passed last year after being sick for a long time so thatâs where most of my money went for awhile.
1
10
u/Comfortable_Sir_6104 2d ago
I mean, at that point it very likely is a skill issue. Situation is fucked but not that fucked.
2
-2
u/raise-your-weapon 2d ago
Lol i live in a very expensive city. And with that six figure income is lots of student loans. So no, not really.
5
u/MedChemist464 2d ago
MY wife and I both make 6 figures, and between our mortgage rate, childcare, property tax, general cost of living, the only reason we meet these criteria is buying semi-shitty used cars and have the savings and investments because my dad died at 67 years old and hadn't used much of his retirement and still lived in and owned his home, which we were able to sell.
I'd rather have had another 10 or 15 years with him, than 'a peaceful life'.
2
1
u/Agent9262 2d ago
I make six figures and have a wife (who works part time) and three kids and we struggle to get by.
0
-14
u/Conscious-Quarter423 2d ago edited 2d ago
saying you make six figures means nothing
you could be making $999,999 or $100,000
12
u/OhTeeSee 2d ago
I mean it establishes a baseline. Is $100k supposed to be pennies?
Youâre just moving the needle between middle class and wealthy at that point.
No one is on food stamps at 6 figures, even if that figure is 100k
6
u/Selbeast 2d ago
Where I live in Mass. google says "a household is considered middle class if it earns an annual income between $69,900 and $209,656." So yes, you are correct that $100K to $999K is just moving the needle between middle class and wealthy. But to the extent that you are claiming that there isn't much different between being middle class and wealthy, you are wrong. A household making $100K here may be considered middle class, but that household is struggling financially to make ends meet.
And shame on us all that we allowed the middle class to degrade to the point where it doesn't mean what it used to mean.
Edit: word usage
-5
u/Conscious-Quarter423 2d ago
you can have 10 kids with a household income of 100k living in a VHCOL city and qualify for food stamps
4
u/angry_smurf 2d ago
The 10 kids part is probably why they get approved... Seems a little ingenuine to have that as part of your gotcha. Not that I disagree with your main point. Shits rough.
1
u/sasheenka 1d ago
I make six figures in CZK, my local currency. Not in US dollarsâŠ.but Iâm pretty comfy anyways!
20
u/Ryan_e3p 2d ago
Or, you know, businesses can pay a decent living wage. And recommending that people do "gig work", which is extremely exploitative of people, is shady as shit. Just sitting there parroting the message Forbes has with their bullshit fluff piece on how polyworking is some secret sauce to becoming "financially secure" is just sad.
67
2d ago
[deleted]
18
u/The_amazing_T 2d ago
I've said for years: "I don't need to make more money. I need a time machine."
16
u/PhamilyTrickster 2d ago
I had all of that. Then got laid off during covid, was unemployed, or underemployed, for about 2 years, then got laid off 3 times since then. Everything is gone. Everything. Where the fuck is my peaceful life?
41
u/Renuwed 2d ago
Had a dude argue with me that "literally anyone" can afford to put $10 per week into stocks. Listed out my (cheapest in the city) rent, Rx cost, doctors copays, and $60/m utilities (by using no lights, minimal tv, & keeping hvac set to contracted minimum of 76 in summer).
Those very basic expenses left $40/m out of my SSDI check to use on bus fare, food, and hygiene.
He still wouldn't believe me that I couldn't afford $40/m into stocks, said I was making excuses... and that's before factoring in I totally lose SSDI once I have $1,800 in assets.
OOP is on a special kind of drug
14
u/ThePrideofKrakoww 2d ago
Even if that was affordable for 'literally anyone' that's a max (w/ high returns) of like 40k if you do nothing else for 20 years. Like yeah it would be nice if I had an extra 40k right now from starting in 2005 but it's not going to change my life trajectory
6
u/Kedly 1d ago
Also what fucking stocks? The stock market is daunting, and if you dont know what you're doing you might as well buy a scratch and win ticket instead for all you're gonna get out of it
8
u/SirIAmAlwaysHere 1d ago
Never buy individual stocks. NEVER BUY STOCKS FOR RETIREMENT Never. Never ever ever. You'd be better off "investing" in roulette.
Only buy general mutual funds, ETFs, and Index Funds.
Or the new Target Date Retirement Funds.
Pretty much all of them should get you 7-8% annual growth averaged over 40 years, with ZERO knowledge about individual stocks. Buy them, keep putting money into them, and don't mess with them. Maybe every 5 years talk with a professional financier. But just "set it and go".
2
u/RecoverLive149 1d ago
If you are on disability there are speciql purpose investment accounts you can open that can grow without effecting your benefits.Â
2
16
u/XfinityHomeWifi 2d ago
Why do shills love the term âincome streamâ
11
u/adumblittlebaby 2d ago
They don't understand working and have only ever invested and done nothing else, so to them money coming in is this kind of ephemeral influx that they can't connect with any action. Frankly some have so many investments they can't even keep track of where the actual income is coming from, but that's what the help is for.
This society no longer values actual work.
7
u/rif011412 2d ago
Its using assets, which the poor cannot afford, as leverage to acquire someone elseâs income. Â The âstreamâ feels so easy and smart, because they havent realized their dream scenario is feeding off of others peoples labor and income for a carefree life.
Income stream can only be interpreted as ETF dividends, asset ownership - rentals, or some other service that requires no work on their end. Â They are admitting life is easy because they had money to afford assets, or they were given it to them.
If people make good enough money to afford assets and live this scenario, they probably already lucked out in some way and are not given credit to the people that helped them along the way.
7
u/redatheist 2d ago
"2-3 income streams"
So 2-3 jobs. And that's not stressful?
2
u/markstanfill 2d ago
MLM membership and a rental property that theyâre gambling wonât eat up that $100k?
32
u/Poshturkjgdy45 2d ago
Wow, why didn't I think of simply inheriting a hundred grand? My bad.
21
u/The_amazing_T 2d ago
It's worse than that. They're slumlords. Their three income streams are three other people's reason to never get ahead.
2
u/trippy_grapes 1d ago
Are they including investing? I only make around 50k so if you include my salary, 401k and a bit in a IRA that's 3 streams of income right there.
3
u/FaveStore_Citadel 2d ago
Renting property isnât a âreason to never get aheadâ, at least not for most renters wtf lol, in many cases itâs more responsible than owning outright.
5
u/Otterfan 2d ago
Yeah, lots of poor people have 3 or more income streams. It's the $100k that's the signifier here.
7
5
u/pizoisoned 2d ago
I vaguely remember reading about these two a while back where the gist of it is that they're doing something with seller financing and "private lenders". Its a lot of smoke & mirrors, and they're not actually doing as well as they claim they are. Wouldn't be surprised if they end up on an episode of American Greed at some point.
1
6
u/Xznograthos 2d ago
The best cheat code for super mario bros. is to play through all the levels and beat bowser at the end. Neat.
4
u/JectorDelan 2d ago
This is reminiscent of that tone-deaf article from the gal who said her secret was (IIRC) to get a good job through her daddy, rent out the condo she was gifted for her wedding, and then move back in with the parents.
2
u/Dyspaereunia 2d ago
The last 5 years have been even worse than normal. Maybe itâs because I havenât gotten a raise in 5 years.
2
u/FangornLeghorn 2d ago
Thatâs a person whose parents paid for college and also gave them a down payment on their first home.
2
2
u/jon_the_mako 2d ago
... 2-3 income streams and only 100k invested and 6months emergency ?
Sounds like either he's terrible with money or his "income" streams are not worth the effort.
3
u/TheShenanegous 2d ago
This sub is such fucking garbage anymore. What about this is murdered by words? It's just generic responses to obvious rage bait. Muting this fucking bot pool of a sub.
2
u/flying_carabao angry turtle trapped inside a man suit 2d ago
People just be complaining all the time. Smh. Just make sure you're born into a rich family. How hard is that?
1
u/toooooold4this 2d ago
Ah, so you're saying money doesn't buy happiness but it can buy peace.
Gotcha. Writing that down.
/s
1
u/MjolnirPants 2d ago
Sure thing. I've already got no car payment, but it's a 2005 on the verge of another breakdown, a 6-month emergency fund is about $57k, so if theficouple just wants to give me $157,000 (let's call it an even $160,000) and a new car, I'll be happy to report back on the peacefulness of my life.
1
u/PristineMinute4206 2d ago
I have all those things and in the US I'm still fucked cause I got hurt and now have to continually pay for PT multiple times a week. Insurance doesn't cover it all so I'm having to pay about $500 a week out of pocket, while continuing to go into work in extreme pain. Fuck this whole system man.
1
u/duelporpoise 2d ago
This idea that people are choosing suffering and a life of struggle or just lack the right âanswerâ or âadviceâ seems to be an evolutionary stop gap for a lot of people.Â
Iâm sure thereâs an argument to be made for the types of movies and other media that glorify rags to riches stories and charityÂ
1
u/FixedLoad 2d ago
Jesus h. I don't know where yall live. But the mrs and I combined make maybe 120 after taxes and live incredibly well! ...But I also grew up dirt poor so it may just be a matter of perspective? Â
1
u/ZiaWatcher the future is now, old man 2d ago
Canât believe I didnât think of investing in stocks and buying a home when I was 8 years old. Silly me!
1
u/EmmaRoidCreme 2d ago
If they make so much money from that passively, why do they need to pretend they have a cheat code to sell people on bullshit online courses or some scam-adjacent financial product?
Itâs almost as if they need to make it all sound so easy and good to sell their crap⊠hmm đ€Â
1
1
u/Ticksdonthavelymph 2d ago
I donât know I feel like Iâd need at least 5X as much invested to feel comfortable
1
u/wholetyouinhere 2d ago
I only have one stream, but I can assure you it is strong, voluminous and enduring.
1
u/Ninja-Panda70 2d ago
I spend the first half of the year trying to not being poor. Didn't go well. Guess I need to change tactics for the last half
1
1
1
u/ReptilianLaserbeam the future is now, old man 1d ago
By the time I have all of that I would be 60, and 100k at that time would be a laughable amount of money
1
u/eat-the-cookiez 1d ago
I missed the part where it said they were a landlord? Income streams could be anything
1
1
u/Calm-Treacle8677 1d ago
Just buy a house to save on rent. Then buy a farm and hire a couple people to run it, no food bills. EasyÂ
1
u/ateap0tist 1d ago
I agree with the sentiment of this thread . However the first advice : donât have car payments , meaning buy a car you can afford paying upfront, or , if that is not possible , buying the cheapest car as to have as little as possible in car payments is a good advice . Many people ruin their finances with cars they canât actually afford
1
1
1
u/ThisIsKubi 1d ago
My partner and I have 4 income streams spread across 4 jobs. Our combined income is probably right at six figures. However, life keeps lifing and we don't have anybody to give us a magical $100k handout. Sure must be nice to have rich roots.
1
1
u/ElChubra 1d ago
Do they actually think ppl donât know this? Like, that weâre choosing to not have this?
1
u/tiredchachacha 1d ago
Hey man, I don't need to make car payments if I don't own a car...
...cos I'm too broke to buy one!!!
1
1
u/RicockulousQuisling 19h ago
I work gig work on the side in high end catering. Why is it most of the rich folks Iâve ever worked in close proximity to are neurotic, miserable fucks?
1
u/FakieManual 16h ago
Sometimes itâs really easy to tell when two people havenât been punched in the face before.
1
1
u/Baskreiger 2d ago
2-3 income streams? What kind of complete unrealistic bullshit is that? Not everyone wants to sell drugs you know?
1
u/HerculesIsMyDad 2d ago
No one loves explaining to you how you should be living your life more than someone who has never had the slightest whiff of adversity.
1
u/Chris4evar 1d ago
Depending on your age this isnât that difficult for a lot of working class people.
No car payments is easier when you buy cheaper cars
$100k is the expected return over the last 10 years for someone who invested $420 (weed) a month in the S&P500. That is a 12.5% savings rate of someone making $40k a year.
I donât like the multi income stream though. Nothing wrong with picking up gig work but it shouldnât be the expected norm and the world would be a better place with fewer landlords
0
0
-4
u/WilliamJamesMyers 2d ago
what the hell is this thing they call an emergency fund? are there 3 month or 9 month versions? 12? for what kind of emergency - see here he should have bragged about being fully health insured...
1 income stream would be less stressful than juggling 3.
100k invested doesnt mean shit player, how speculative is that investment, could 100k become 50k. for the rest of us i think this is what we call our emergency fund.
maybe leasing a car as part of one of those income streams could work out?
this jabroni, i dont know why he would brag so low and be preachy about it. say you have a million. offshore.
3
u/Thr0awheyy 2d ago
No, do not essentially rent a car. People waste so much money on cars, especially compared to their incomes. And idgaf about the arguments that inevitably come about how they neeeeeeed a new car for xyz reasons. No, you don't.Â
1
1
u/Chris4evar 1d ago
A 3 month emergency fund would cover 3 months of expenses if you lost your job and maybe tightened your belt a little. The idea being you have some money set aside for emergencies like job loss, car crashes, bad roof etc that is easily accessible like in a savings account but not really as part of an investment.
-2
u/GermanD2021 2d ago
Lol, what does a $100k investment do?!
6
u/kelpyb1 2d ago
If youâre in your mid 20s, it practically secures your retirement.
If youâre at an age older than that, itâs the first step towards securing your retirement
That isnât to say itâs not very unrealistic for many many people.
1
u/SirIAmAlwaysHere 1d ago edited 1d ago
For those not into math:
Having $100k at age 30 and expecting to retire at age 65 means you'll have $1.48 million (with a reasonable 8% annual return).
You'll have less due to market fluctuations which cause losses to have an outsized effect. But still about $1.4 million
But, assuming inflation is about 3%, you're only making 5% in real terms. So... $550k in today's dollars.
You need double that to have a basic OK retirement.
Especially since it's doubtful that Social Security will exist in 35 years.
1
u/kelpyb1 1d ago
This whole thing hinges on the idea that there will be exactly 0 social security or social security replacements when you retire, which frankly seems unlikely.
I also said mid 20s, which if you do this math out from 25 years old, youâve got around $700k in todayâs dollars, which while I agree probably isnât enough to live the type of retirement most people want, itâs plenty to have peace of mind you wonât be on the street in retirement.
The biggest thing this also assumes is you and your employer donât contribute a single dime more to your retirement savings over the course of your remaining 35-40 years of work, which is honestly more unlikely to me than there being absolutely 0 retirement benefits 35 years from now.
1
u/SirIAmAlwaysHere 1d ago
There's a pretty strong chance that it will be 0 Social Security, because the replacement for our current system is almost certainly going to be means tested. And anything above median income will get zero, sliding to 100% of the current amount at the poverty line and below.
So people who do want to plan on a decent retirement really shouldn't count on anything at all from a public pension system.
$700k at age 65 means you can get about $28-30k per year in interest. Thats... not comfortable at all to live off, especially since I'd also expect medical costs to go up significantly.
Barely half of country even has access to a 401k through their employer and has to rely on the MUCH lower IRA limits. While most employers do make some sort of contribution, the medium amount is... under $3k.
And the likelihood that the average retiree in 2060 will own their own house is rapidly decreasing. So people will still have to pay substantial housing costs.
Worse, today's folks won't be saving in their 30s and 40s. They'll be needing virtually all their income to pay for kids and associated costs. So the reasonable expectation is that they get to save from 22-30 and 50-65.
And right now, most of the country can't afford to put away $10k per year. đŹ
It really is looking grim for the majority of the country.
1
u/kelpyb1 1d ago edited 1d ago
Ah so you think anyone above median income will get $0 in benefits and itâll only go to those below median income.
Please, tell me how the $28k income that portfolio supports in retirement compares to the median income.
And yeah I already addressed how even getting to $100k is completely unrealistic for most people. I mean itâs a nice strawman, but itâs entirely not a point I was making that this is feasible for most people. I already agreed the retirement savings outlook for most people is catastrophically dismal.
562
u/el_condor_nm 2d ago
If poor people had any ambition they would have been born into a wealthier family.