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Chris Kline

๐Ÿ‘ค Speaker
726 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

But then I started thinking about it.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

with the inflation, and I can't pull out till 65, is this even worth putting 6K a year in?

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

Depends on what you invest in.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

Yeah.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

So I was just in Dallas when we connected before I came this week and I was on

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

another podcast with two old guys, Cain Tanker's old guys.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

And we were talking about, I said, this avocado toast coffee is a bunch of BS.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

The boomers have told us as younger generations, well, if you just skip that avocado toast and you skip that coffee, you could also own a home like we did.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

I ran the math on it.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

And so let's say modestly $17.50 a day for 10 years on coffee and avocado toast.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

And that's

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

probably it's now probably 25, but you go, you go to the last 10 years, 1750, you would have saved about $63,000, but you have to account for that cumulative inflation effect.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

That 63 is worth about 40, $42,000 now.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

Well, the median home price in America is $420,000.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

So a down payment on that is about 80, right?

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

So you're only halfway there by just saving.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

You have to now take it the next step and invest it in things

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

that give you yield or give you growth.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

And while it seemed crazy 10 years ago when they were like, you're going to put Bitcoin in a retirement account.

Digital Social Hour
Chris Kline: When AI Takes Your Job, What Saves Your Future? | DSH #1574

If you look now, looking back, hindsight's always 2020.