MaxxVolume
Lunatic Member
As my dear ol` Grandma once said, "Best way to end up with a small fortune is to start with a much larger one".
Thats good investing advice. Companies who care about the employees will naturally flourishSpend less than your income. Save a set amount every month. Don't invest in a company that puts the stockholders and management before everything else.
for the majority of people...yes. when someone unexpectedly gets money, they spend it. If you invest it, you will make a larger fortune.As my dear ol` Grandma once said, "Best way to end up with a small fortune is to start with a much larger one".
So why should we take the majorities advice on going to college? Everyone says go to college so you can almost guarantee yourself a job AND make more money. While college is a requirement for most jobs today, id rather own the business rather than work for one.
There is good money to be made in the Trades, Electrician, Hvac, machinist, plumbing contractor, etc.
Those are becoming a lost art.
My point exactly. The few that do these things can get whatever they want. No competition.Things have to be repaired and that ain't cheap. Ex. my neighbohe few thatr needed an exterminator to catch a critter in her wall. One quoted 700 another 600. Priced car repair or body/paint, HVAC or a plumber lately ? Have a custom piece of furniture made ?
Money can sometimes be a curse. I accumulated my wealth overtime and enjoy a comfortable existence to the point I can do what I want but I make choices. Because there is freedom in not having to worry about money you worry if you lose it you will have to go back to worrying about bills and quality of life. I made investments and got lucky but now a days I'm more cautious. It' s true money can' buy you love or happiness but some people will disagree.
It's raining for the third day, and I'm grumpy, so forgive my pessimism. But it occurs to me that money may not buy happiness, but happiness won't buy you a lousy cup of coffee.
A couple of years ago a bunch of folks that lived over 100 years were asked what advice they would give to everyone. EVERY SINGLE ONE OF THEM said "save your money."
I get these things if needed through my pension medical plan. After 33 years I'm fully vested. During the dotcom boom I saw people chasing the money by leaving jobs for promises of wealth by working for start ups and turning their back on security. It worked out for a handful but for most people had to start over when the bubble burst.Money not everything - you never hear a poor person say
Money gets you to front of health queues quicker (Eg private hospitals) you get those hip replacements and cataracts done in a flash I bet there are more examples.
You are one of the lucky ones to have a pension and ongoing medical. For the majority of working people, the 401k is all they have and many do not utilize it in the best ways. At least 10% and it should go into the Roth 401k section while company match has to go into the regular taxable pot.I get these things if needed through my pension medical plan. After 33 years I'm fully vested. During the dotcom boom I saw people chasing the money by leaving jobs for promises of wealth by working for start ups and turning their back on security. It worked out for a handful but for most people had to start over when the bubble burst.