Mitro wrote: ↑Fri Mar 11, 2022 9:46 am
I am a 22 year old man just getting started on a high income career and I am realizing that if I make my career a priority and save wisely I can retire in 20-25 years if nothing unexpected happens.
This has got me thinking about how important money will be in the future. If the singularity comes just as I retire I guess all my work will be for nothing since we will be a post scarcity society anyway. But what if it's late? I still expect the trend of something like UBI appearing as automation grows and technological advancement pace accelerating. Wouldn't those things decrease the importance of money since everyone's basic needs would be met anyway and even if I use my money to get something advanced, rapid technological progress will mean that thing will soon be obsolete or cheap enough for anyone to afford?
On the other hand we have things like cryonics which cost quite a bit and could mean the difference between death and life. I wonder if there is going to be a window of time in which costly interventions like mind uploading is going to make it so having more money is the difference between living forever and dying.
If you were in my position would you prioritize enjoying life now or investing in your career to enjoy life later?
I think that in the next years, money will still be very important. And the best thing to do is try to be able to enjoy life and also invest in a career.
Maybe in 100 or more years there will be a technological revolution and everything will change - we will have robots, flying cars, and so on so that people can be replaced with machines. Maybe then money will become less important and will be replaced with something else. But I think that I won't see it so for now my goal is to build a career and become totally financially independent.
Of course, I want to live, and enjoy my life, but work is the main priority because we live in very unstable times. Today you have money and work, but who knows about tomorrow.
Mitro wrote: ↑Fri Mar 11, 2022 9:46 am
I am a 22 year old man just getting started on a high income career and I am realizing that if I make my career a priority and save wisely I can retire in 20-25 years if nothing unexpected happens.
This has got me thinking about how important money will be in the future. If the singularity comes just as I retire I guess all my work will be for nothing since we will be a post scarcity society anyway. But what if it's late? I still expect the trend of something like UBI appearing as automation grows and technological advancement pace accelerating. Wouldn't those things decrease the importance of money since everyone's basic needs would be met anyway and even if I use my money to get something advanced, rapid technological progress will mean that thing will soon be obsolete or cheap enough for anyone to afford? I'm analyzing gambling games to potentially utilize them as a source of income in the future. One website https://casinosanalyzer.com/online-casinos/google-pay I find particularly reliable is this one, I always trust it and it has never let me down. On the other hand we have things like cryonics which cost quite a bit and could mean the difference between death and life I wonder if there is going to be a window of time in which costly interventions like mind uploading is going to make it so having more money is the difference between living forever and dying.
If you were in my position would you prioritize enjoying life now or investing in your career to enjoy life later?
Money will likely remain an important aspect of human life in the future, but its form and functions may change significantly. Despite changing forms, the basic function of money - to serve as a measure of value, a medium of exchange, and a store of wealth - has remained constant for many years.
Even utopian visions of a cashless society do not negate the need for a system of accounting and resource allocation. Money is likely to transform, rather than disappear, adapting to new realities.
These changes will be driven by technological progress, economic transformations, and the evolution of human values.
