What in the world...

[Blmpkn]

I have a young friend who just finished his welding apprenticeship. He is making $55/hour. If his body holds out and he is smart with his income he could be retired in 20 years, which would put him under 50 years old. Wish I had been that smart...

Hell yeah, good for him. With some smart investing he could retire incredibly comfortably in that amount of time with that kinda income.

Historically.. 17$ a day stuffed into the s&p 500 will grow to a little over a million in 30 years. So If he takes a measely hours worth of income a day and invests it for 20.. he'd be absolutely loaded just off of that.. if he maxes his 401k annually that would be another yacht-load of money.. 55/hr should be enough to also build an invredibly healthy regular personal savings account as well.. with plenty of cash left over to have fun with.. depends on how high the cost of living in is in his area.

My biggest regret in life.. even moreso than smoking for 2 decades... Not saving/investing more money. My net worth as of right now is the equivalent of jack shit.. if I knew then what I know now.. it could of been higher than the average person 2x my age.

The K-12 education system really needs to start teaching kids infinitely more about life post-schooling. Sure.. dissecting pig fetuses and learning about cavemen rubbing sticks together to make fire is cool and all but.. in the grand scheme of things... It's absolutely worthless knowledge.

 

[4.0blue98]

AI is going to save the world. No one will need to work soon. I personally didn't think Iverson was that great of a basketball player...

 

[Blmpkn]

AI is going to save the world. No one will need to work soon. I personally didn't think Iverson was that great of a basketball player...

In all seriousness.. now seems to be an oppurtune time to invest in ETF's focused on energy/utilities, because of AI.

The amount of electricity and water the average AI data center uses is absolutely unreal.. the same amount as 10,000 single family homes according to the few articles I've read about them.

Simply put.. the more centers that get built.. the more money utility company's make.. the more money YOU make. New centers are going to drive their earnings to the moon.. seemingly.

Time will tell. I'm willing to take the gamble.

 

[sgtsandman]

In all seriousness.. now seems to be an oppurtune time to invest in ETF's focused on energy/utilities, because of AI.

The amount of electricity and water the average AI data center uses is absolutely unreal.. the same amount as 10,000 single family homes according to the few articles I've read about them.

Simply put.. the more centers that get built.. the more money utility company's make.. the more money YOU make. New centers are going to drive their earnings to the moon.. seemingly.

Time will tell. I'm willing to take the gamble.

Yep. Locally, a company has bought an entire powerplant, that was shut down not that long ago, just to power a data center they want to build. If I remember correctly, it has three cooling towers, so three industrial sized generators just to power that thing.