• 25 Posts
  • 43 Comments
Joined 3 years ago
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Cake day: June 9th, 2023

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  • The further in the future profits are, the less they are worth today. As in getting $1000 today is better, then getting a promise of being paid $1000 in a decade. After all if you got the $1000 today you could have invested it and got a return on it. So lets say you know you can get a return of a rate of 5%. The $1000 today invested over a decade would be $1000 * 1.0510 = $1628.89 in a decade. You can also use it the other way around, to estimate what the $1000 is worth in the future. As in X * 1.0510 = $1000 -> X =$613.91 That rate of return is called the discount rate.

    The issue with getting money in 50 years is that it ends up being nearly nothing today. So it is just a horrible idea.











  • I dislike the all or nothing aspect of a lot of them. It is hard enough to nail a single aspect of life. So imho it is better to have different groups for different aspects. As in you might have a housing co-operative, a co-operative work place, a utility co-operative, a bike sharing group and so forth. That makes it possible to not go and avoids being stuck in a group, which you really do not like. As in it is much easier to move to another place, then to do that and find a new job, organize transport and so forth.