If you are living like the middle class (i.e. income comes both from capital ownership and labour) then you can't possibly be retired. Retirees are those who have transitioned into the upper class (i.e. income comes from capital ownership alone).
"The market is like a large movie theater with a small door. And the best way to detect a sucker is to see if his focus is on the size of the theater rather than that of the door." - Nassim Nicholas Taleb in Skin in the Game
(This is not to say that you, specifically, are a "sucker", and I don't love the term. But I think Taleb has a lot to offer on considering risk.)
Wait, Mexico’s share is (as seems from both your comment and the link) specified in absolute terms rather than as a percentage like the US states? Leaving no allowance for that amount not existing?
Minute 319 [1] determines how water allocations will change during conditions of drought or surplus. This is also covered a little at the end of the Wikipedia article.
In a max drought scenario (Lake Mead surface elevation <1,025 feet) it looks like delivery requirements would be reduced by 125,000 acre-feet, with different delivery thresholds above that range.
I believe that the water to be supplied to Mexico via the river was of such poor quality that we ended up either trucking or directly purifying a set volume of water downstream to meet our treaty obligations.
why should we fulfil our obligations to the mexicans before the arizonans? we should keep our obligations to our own country first. we literally cant fulfill all the obligations so some has to go. im not saying "screw mexico" but its a governments job to care for its own people at least before others.
Focusing entirely on the short term wellbeing of your own can be a big mistake. Sure, giving all the water to Arizona and ignoring the deal with Mexico is better for Americans long term. But what happens next?
Short term thinking is what gets us into these problems in the first place.
Sounds fair, as long as arizonians would stop culturing the crops painfully developped during thousands of years and generously shared with them by Mexicans (Tomatoes, pepper, corn), or Peruvians (Potatoes), or Argentinians and Bolivians (Peanuts), or Europeans (Onions, Lattice, Cabbage), or Africans (cup of coffee?), or Asians (return also the red jungle chicken please, and the apple native from Kazakhstan).
They can still culture the arizonian jackalope thistle and the sellfish redneck's muddy sweetgrass, and all the other members in the long list of wonderful crops developed there, of course.
The fact is that the entire planet worked really hard so places like this can have an agriculture. Lets face it, Arizona didn't provided a lot in return to the science of agriculture.
And now some people is saying lets keep all the water, so people down the river don't have/don't deserve any?
A little understanding and maybe even gratitude would be a nice touch.
Think of it as a taste of what is to come when water will become more scarce. This is pretty much in line with predictions and the term 'water war' may well become commonplace in the near future.
The entire planet worked really hard so they could survive, it had nothing to do with being generous to other cultures or particularly to benefit the good people of Arizona.
The collateral limit getting triggered isn’t a particularly big deal: it just means that MSTR needs to quickly furnish more BTC as collateral or they’ll be in breach of loan covenants. But they HAVE a ton of BTC, so there’s no effect on the market. The only way this gets interesting at all is if the total bitcoin owned by mstr starts approaching the price of the loan (which it’s not even close to, but that’s the point where silvergate could lose some money…)
Really all the margin call does is reduce the amount of additional debt collateralized by bitcoin that MSTR could take on. It’s clickbait!
Inflation is not simply a matter of the government adding more money to the supply (although that's one of the actions that can help reduce the value of currency)... the flow of money (and power) is immensely complex, and inflation as a measure is a procrustean bed (https://en.wikipedia.org/wiki/Procrustes)
Start sleeping more, eating healthier, exercising more, and working less. Cut down on weed and alcohol if you partake. This should hopefully help you feel well enough to get a different job which will be less stressful and pay better. Good luck!
+1 to all of the above. Both parent commenter and I know, these are easier said than done (acknowledging it is hard to incorporate these, just in case)
Start sleeping early also. Gradually build up to sleeping before 10pm. A friend once told me people sometimes stay up late because they did not feel enough in-control over their day -- this idea stuck with me for a while (Quick googling now seems like the name for it is revenge procrastination).
I'll absolutely advocate for spending some time on the frontend to see if you like it. In addition to other roles in the past, I built a SaaS company as the founding engineer where I covered all parts of the stack, including primarily backend for a while. Nowadays I work almost exclusively on the frontend, because I enjoy it!
I think there are pros and cons of being in a specialized role at any part of the stack, but some of the things I like about the frontend nowadays is:
1) The feedback is rapid. You can immediately see and interact with the result of your work. Mocking backend data is a possibility, but when you're working on an API or other backend stuff it can be hard to imagine how it will work for the person at the end of the line. Rapid visual feedback on building stuff is satisfying!
2) It is now way easier to build maintainable applications that are easy to understand and hard to break. By using react and typescript (...and mostly writing pure functions with clean interfaces and unit testing them...) you can create tons of functionality with very clean code that's easy for others to understand and modify.
3) CSS is funky sometimes, but with things like flexbox and css-in-js (or even just less/sass) you've got powerful tools for working with it.
4) It used to be that making everything work across all browsers took a ton of effort and was the most frustrating part of FE programming. Nowadays it's pretty easy.
5) With Electron (and perhaps React Native, although I can't speak to that), frontend skills are more useful in more contexts than they ever were before.
6) Although there may be something "oncall-ish" at your company for FE engineers, being on call for backend stuff means you get paged much more and will have much more work to do, and it will likely be due to stuff outside your control. You will get paged much less for FE problems, and you will be able to do something about it.
I think also that the role the frontend has played has gotten more complex (more state, more data, bigger codebases, more stuff users can do), so I've felt that a background in backend work is advantageous when it comes to working on the frontend and can lead to great work, since backend people are often strong in core concepts like writing and testing functions with good interfaces, doing a good job managing state, interacting with networks and dealing with errors, etc.
Thanks for the detailed response! This makes so much sense. In addition to your points, for me personally (similar to your founding engg experience) I feel frontend knowhow unlocks the ability to create side projects. So far, I have struggled with the frontend portions of these while having no trouble with the backend. I am yet to get css down and design is totally out of my wheelhouse, but I hope that I will get more fluent on the former and at least mediocre at the latter eventually.
I plan to do a 2 month project on the frontend at work and will play by ear thereafter.
Well they make 5 billion revenue a year, are close to profitable, and their online revenue is up 34% in 2020 to more than a billion. And now they can print money with share dilution, and they’ve become a household name and are touted as a weapon in a class war. So IDK if dying is the right word for it.
$3M for retirement right now is plenty, but you have to live like an actually middle class person.