there is some secret to getting wealthy. You can literally just: 1. Buy ETFs or index funds 2. Avoid credit card debt 3. Spend less than you make 4. Build a 3-6 month emergency fund 5. Repeat for years And become insanely rich.
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CAPS LOCK ON
@theanonymousinvestor · 6d
IN THEORY, YES. BUT I'D ARGUE THERE AREN'T NEARLY ENOUGH DECENT PAYING JOBS WHERE PEOPLE HAVE EXTRA FUNDS TO INVEST. IN CANADA, WE ARE BEING PINCHED BY A WANNABE DICTATOR AND HIS MINIONS. I KNOW PLENTY OF PEOPLE WHO WENT TO SCHOOL, LIKE THEY WERE TOLD TO, GOT A DEGREE/DIPLOMA & AREN'T WORKING IN THEIR FIELD OF STUDY FOR VARIOUS DIFFERENT REASONS. BUT ONE COMMON ONE IS NOBODY IS HIRING! THEY CAN'T EVEN FIND ANY JOB. "JUST START A BUSINESS" IS SUCH A LAZY RESPONSE I HEAR FROM PEOPLE. HOW? THEY HAVE NO MONEY! LUCKILY, WE ARE ALL HERE BECAUSE WE FOUND INVESTING AND ARE TRYING TO MAKE IT WORK. I PRAY OUR NIGHTMARE WILL SOO BE OVER, IT AS BEEN A DARK DECADE....BUT IT JUST FEELS LIKE MORE MISERY IS TO COME.
Matey @lunao · 6d
I graduated university with 100K line of credit debt after a mistake I made with some investments and lost it all to crypto, I moved away for a better paying job to fix my mistake and now 5 years later my debt is paid off and I have a 6 figure portfolio. I agree, reduce debt, buy diversified funds, slow and steady wins. Be humble and want less. Protect your peace
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