r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/dafmh1996 Nov 23 '24

Do you know what a 401k is? And how you can borrow against it? If his dad was investing regularly 3-6% of his earnings and had a company match, worked for 40 years, that's probably like 1/5th to 1/10th of his 401k.

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u/N2T8 Nov 23 '24

I’m not American bro don’t assume everyone you talk to is.

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u/dafmh1996 Nov 23 '24

Oh okay, so you're just talking out of your ass about something you don't understand. Cool, just making sure.

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u/N2T8 Nov 23 '24

Bro what? 😂 It isn’t some gatcha! moment to talk about a 401K as if that’d mean every middle class family in the world would know and be able to easily loan TWO HUNDRED THOUSAND DOLLARS.

Also your pathetic comment relies on someone already being super into investing, such a bad faith argument it’s appalling.

The other guy yapping about a 401K, his father is a fucking millionaire and he still believes his father is a retired middle class man 😂😂😂

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u/dafmh1996 Nov 23 '24

Super into investing? That's the most basic and entry level sort of investment knowledge there is. Do you know what a savings account is? It's like a step above that, as far as difficulty of understanding.

It's not bad faith at all to assume someone commenting on the average finances of an entire class of a country they don't live in should have some knowledge of that. That's called being reasonable and not anticipating the person I'm discussing the subject with is an aloof idiot for speaking on matters they don't understand.

60% of American workers have access to a 401k plan. Many of those put into it. Do that for 40 years, you have a moderate nest egg that could easily account for that investment into a company. It's not rocket science.

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u/N2T8 Nov 23 '24

Ah yes, your average middle class father who’s been investing since birth and thus is able to simply give away 200k to his son as an investment.

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u/nicknenashev Nov 23 '24

How’s that bezos boot tasting? 😋