| ▲ | varispeed 11 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
If you have brilliant mind, but you were born poor / working class, then sure you'll be crushed by 9 to 5 inevitably, where your talents will be ruthlessly "harvested" for the benefits of shareholders until you burn out and get thrown out like a used rag. If you have talents, use them to achieve financial freedom and then do what you want. Sometimes it is through 9 to 5 unfortunately. Never make a mistake of "climbing corporate ladder". Earn money, invest, don't try to leave beyond your means. You might have great salary, but don't get tempted by renting a nice pad or getting a nice car. It's a trap to keep you enslaved in 9 to 5 forever. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | sysworld 11 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Yep this. Avoid lifestyle creep (when you get raises). Invest your money (e.g. world passive mutual fund, or VT ETF). Don't sell investments when the market crashes, just ride it out (assuming you bought diversified fund). Don't stock pick, it's largely gambling and 99% of people can't beat the market doing it. If you must stock pick, do at most, 5% of your investments. Avoid actively managed/high fee mutual funds/ETFs. Research clearly shows, long term they do worse then the market. (And if there is an active fund that does end up beating the market long term, you have no way of knowing which fund that would be ahead of time) The Millionaire Next Door is a great book, and gives a good perspective on money. If anyone here is interested, Google the FIRE movement (Financial Independence, Retire Early). Even just doing the first 2 letters, Financial Independence, would be huge, and give you way more flexibility. When/if you retire early, keep doing things to keep your mind and body active. Most people who retire stop doing the things that kept them healthy, and there body deteriorates quickly (with xyz illnesses). The sad true is that, for many, work forces them to do the basics to keep your body running ok. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | banku_brougham 11 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adding my voice of concurrence, I would say 'Comrade' but people take it the wrong way. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||