Also, betting on things continuing to get better contra all the doom and gloom that is mostly generated by class tensions between the American middle class and upper class (using moralizing about the lower class as a weapon/distraction) who are both absurdly well off. Expecting to retire abroad because retiring to the US is too much a random gamble given health care costs. Also things like not expecting children to cost much money because I don’t think spending money on education accomplishes anything (outside the scope of financial literacy per se, but affects things a lot). That and some various FIRE tropes decreases magnitude and variance on expected money spent to achieve a given level of well being over a life time.
https://www.lesswrong.com/posts/X7G3HfRuMzCSBzgbM/87-000-hours-or-thoughts-on-home-ownership
Also, betting on things continuing to get better contra all the doom and gloom that is mostly generated by class tensions between the American middle class and upper class (using moralizing about the lower class as a weapon/distraction) who are both absurdly well off. Expecting to retire abroad because retiring to the US is too much a random gamble given health care costs. Also things like not expecting children to cost much money because I don’t think spending money on education accomplishes anything (outside the scope of financial literacy per se, but affects things a lot). That and some various FIRE tropes decreases magnitude and variance on expected money spent to achieve a given level of well being over a life time.