The high cost of…working
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MONEY MONEY MONEY. There is more to life then chasing it ! You can't take it with you when you die. I'm very skeptical with the "rich" people on this site. Sure, you can do what you want, but you don't have all the answers. You people are not better humans, because of your bank account. There is NEVER any love talk, children or charities talked about. You can't hug your cash ! A nice purchase (car/house/jewelry or whatever) the thrill dies in a couple weeks and then you need more to fill the empty hole. Investments, of course that is a good thing for retirement. A lot people just don't have the money to do it. But, are they still happy in life ? Working hard doesn't always translate to happiness. But, it can, depending on your definition of "happiness". I know (personally) a number of wealthy people. They bounce from relationship to relationship. They have children that are horrible humans (due to terrible parents chasing CASH). Their kids do stupid stuff and they buy their way out ! Their children don't learn anything and grow from mistakes (which is life).
Before I get attacked, I do have some investments and I paid off my house in 2022. But, it doesn't make me who I am, as a person and father. So, as you sit and think you have everything because of money...do you really ?
Before I get attacked, I do have some investments and I paid off my house in 2022. But, it doesn't make me who I am, as a person and father. So, as you sit and think you have everything because of money...do you really ?
Some people sacrifice quite a bit for that $ in the bank. They can be the same types who never really enjoy it or spend it at any point. At least Mavi does some traveling, but most stay stuck in that mindset for the rest of their lives. When they’re older they don’t feel like traveling and are too set in their ways to spend it on something they would enjoy.
Living that way is a choice and people have the free will to make choices that are right for them. I knew in my late 20s the importance of saving. In my 30s I opted to travel and not wait for retirement. I could have saved all of that money for retirement but I have no regrets. Treating myself to material things once in a while is mood boosting and lends to me taking part in activities that I enjoy.
Have I saved enough for retirement? Time will tell. I’m still up for earning more, but on my own terms, as it has been since my late 20s. Now there are physical restrictions and I’m not as mentally sharp. I tire easily at night to the point where I’m worried I’m sundowning.
I’ve made some financial mistakes but it’s water under the bridge.
I see friends my age who aren’t saving anything. Their lifestyle scares the hell out of me. Like others stated on this thread, you never know when a physical ailment or a company you have been loyal to for decades can take you down financially. My approach has been to enjoy life when you are able to and spend responsibly, but spend enough to have some fun. To quote Janis Joplin - ‘Get it while you can.’
Living that way is a choice and people have the free will to make choices that are right for them. I knew in my late 20s the importance of saving. In my 30s I opted to travel and not wait for retirement. I could have saved all of that money for retirement but I have no regrets. Treating myself to material things once in a while is mood boosting and lends to me taking part in activities that I enjoy.
Have I saved enough for retirement? Time will tell. I’m still up for earning more, but on my own terms, as it has been since my late 20s. Now there are physical restrictions and I’m not as mentally sharp. I tire easily at night to the point where I’m worried I’m sundowning.
I’ve made some financial mistakes but it’s water under the bridge.
I see friends my age who aren’t saving anything. Their lifestyle scares the hell out of me. Like others stated on this thread, you never know when a physical ailment or a company you have been loyal to for decades can take you down financially. My approach has been to enjoy life when you are able to and spend responsibly, but spend enough to have some fun. To quote Janis Joplin - ‘Get it while you can.’
@claabe wrote:
MONEY MONEY MONEY. There is more to life then chasing it ! You can't take it with you when you die. I'm very skeptical with the "rich" people on this site. Sure, you can do what you want, but you don't have all the answers. You people are not better humans, because of your bank account. There is NEVER any love talk, children or charities talked about. You can't hug your cash ! A nice purchase (car/house/jewelry or whatever) the thrill dies in a couple weeks and then you need more to fill the empty hole. Investments, of course that is a good thing for retirement. A lot people just don't have the money to do it. But, are they still happy in life ? Working hard doesn't always translate to happiness. But, it can, depending on your definition of "happiness". I know (personally) a number of wealthy people. They bounce from relationship to relationship. They have children that are horrible humans (due to terrible parents chasing CASH). Their kids do stupid stuff and they buy their way out ! Their children don't learn anything and grow from mistakes (which is life).
Before I get attacked, I do have some investments and I paid off my house in 2022. But, it doesn't make me who I am, as a person and father. So, as you sit and think you have everything because of money...do you really ?
100% true. Money isn't everything. But it sure does make things easier. So does getting an education in a STEM field that employers want. Working hard to earn more so that you can retire early and spend more time with your spouse and kids and enjoy life. For the record, I'm still on my one and only spouse. Also, for the record, our net worth, excluding RE, now stands at 16.23% increase YTD all of which is in index funds or individual stocks and bonds which anyone can purchase.
So in summary, it's the whole package. And my posts were to address "the high cost ..of working." There doesn't need to be a high cost of working. Money helps with that.
(Now look up the book, Die With Zero.)
Edited 1 time(s). Last edit at 10/10/2025 05:00PM by maverick1.
@BayShopper22 wrote:
Can you explain the areas that I have highlighted? I honestly don't know what you are talking about.
What premiums?
What required insurance?
Cheated out of their retirement investments?
People always want to get rich quick and they often do not do researches, or they think they do...by just reading headlines or some newspaper and/or some youtube videos.
In a bull market you can invest in anything and thinks that you are a investment genius, the real kicker is when things turns to a deep dive. And that's how most people feel like they are being "Cheated out", rather than admitting that they never actually spent time into learning how to invest properly, and understand that the market does reset every 10 years or so, but if you invest into the correct stocks and don't paper handed, your wealth will generate overtime generally.
Two professors of economics were walking down a road when they saw a dead rat.
The older one said - “If you eat this, I’ll pay you $10,000”. The younger one makes a quick cost-benefit analysis and eats the rat.
The younger professor experiences a bad after-taste and wants the older professor to experience the same. Suddenly he sees another dead rat on the road and dares the professor to eat it for $10,000. The senior professor, eager to recover his reckless bet, eats it.
After a few minutes of walking silently, the younger professor finally says - “Looks like we’ve both eaten a dead rat for free.”
The older professor remarks, “But don’t forget, we just added $ 20,000 to the GDP!”
The older one said - “If you eat this, I’ll pay you $10,000”. The younger one makes a quick cost-benefit analysis and eats the rat.
The younger professor experiences a bad after-taste and wants the older professor to experience the same. Suddenly he sees another dead rat on the road and dares the professor to eat it for $10,000. The senior professor, eager to recover his reckless bet, eats it.
After a few minutes of walking silently, the younger professor finally says - “Looks like we’ve both eaten a dead rat for free.”
The older professor remarks, “But don’t forget, we just added $ 20,000 to the GDP!”
Life was passing like a hand waving from a train I wanted to be on
Betting vs investing. Short-term vs long-term. Do what's best for you. Etc.
@BayShopper22 wrote:
@SBP wrote:
How lovely that your retirement stayed intact through all that, unlike so many others who did all the right things per your advice, paid all the premiums, and trusted what they were told about retirement planning…only to lose much of all of it.
Our children and grandchildren (and perhaps even some of us here) do/did all the “right things,” and even in the tech and other successful industries, after working crazy overtime and sacrificing thier personal lives, get laid off, cheated out of thier retirement investments, and pay through the nose for required insurance while big corporate reports record profits…and more than half will never know what it is to own their own home.
May your legacy of wise investing leave your children and grandchildren well protected.
Can you explain the areas that I have highlighted? I honestly don't know what you are talking about.
What premiums?
What required insurance?
Cheated out of their retirement investments?
I might be interested in communicating about investing in another forum dedicated to that topic. This one is not.
Are you a licensed professional seeking more clients?
If it’s not a shop that’ll take me 15 minutes or less on the report and enough of a reimbursement to offset my normal expenses, I’m not taking it.
Aside from a few easy dollar shops I’ve kept, I overall moved on from Mystery Shopping and just focused pulling in as much money at my 9-5 instead.
Aside from a few easy dollar shops I’ve kept, I overall moved on from Mystery Shopping and just focused pulling in as much money at my 9-5 instead.
Very infrequently shopping the Greater Denver Area, Colorado Springs and in-between in Colorado these days.
@BayShopper22 wrote:
Can you explain the areas that I have highlighted? I honestly don't know what you are talking about.
What premiums?
What required insurance?
Cheated out of their retirement investments?
It sounds like someone was scammed into buying whole life insurance as an investment ("premiums") by a sales advisor who makes a lot of commission on the product. The salesman told them it was the "right thing" to do.
There will always be a cost for working. Is it worth it to you? For me and my family, most definitely. Do not tell us to ride our bicycles to work either in order to save. The thought of that is preposterous and hysterically funny. With MS'ing, I have to be there to take a shop without spending the time, energy and costs to get there. I will drive for lucrative fine dining shops though.
@boridi wrote:
@BayShopper22 wrote:
Can you explain the areas that I have highlighted? I honestly don't know what you are talking about.
What premiums?
What required insurance?
Cheated out of their retirement investments?
It sounds like someone was scammed into buying whole life insurance as an investment ("premiums") by a sales advisor who makes a lot of commission on the product. The salesman told them it was the "right thing" to do.
It never occurred to me that people were that dumb, but ok. I guess that makes sense.
@BayShopper22 wrote:
@boridi wrote:
@BayShopper22 wrote:
Can you explain the areas that I have highlighted? I honestly don't know what you are talking about.
What premiums?
What required insurance?
Cheated out of their retirement investments?
It sounds like someone was scammed into buying whole life insurance as an investment ("premiums") by a sales advisor who makes a lot of commission on the product. The salesman told them it was the "right thing" to do.
It never occurred to me that people were that dumb, but ok. I guess that makes sense.
Well, unfortunately Mother Nature didn't hand out intelligence in equal doses. We try to educate here on the forum, but some are just determined to live in their own la-la land. It helps support Darwin's theory of survival of the fittest. It also helps explain places where they cluster like Chicago, NYC, San Francisco and Portland, OR.
All places where you can find; "The high cost of…working", among other things.
@maverick1 wrote:
@SBP wrote:
@maverick1 wrote:
Of course, if you work hard in school, work hard in your career, earn, save, and invest, you can retire early like we did.
Then, there is no cost of working. No commuting cost, no work attire cost, and no associated waste of time.
But of course, you have to have something to retire to. It's surprising to me that so many people have no interests. They are better off working and staying busy.
That’s an interesting post, Maverick.
It was also a different world then, Mav, in between the big stock market crash of the last century that had grown men committing suicide (literally) on Wall St, and now.
There have been several more crashes since then in the last 30 years, and just as many bailouts for those who contributed to thier occurrence.
How lovely that your retirement stayed intact through all that, unlike so many others who did all the right things per your advice, paid all the premiums, and trusted what they were told about retirement planning…only to lose much of all of it.
Our children and grandchildren (and perhaps even some of us here) do/did all the “right things,” and even in the tech and other successful industries, after working crazy overtime and sacrificing thier personal lives, get laid off, cheated out of thier retirement investments, and pay through the nose for required insurance while big corporate reports record profits…and more than half will never know what it is to own their own home.
May your legacy of wise investing leave your children and grandchildren well protected.
Look @SBP, we didn't do anything special. Just like I've been posting, a diversified portfolio, years and years of earning, saving, investing and compounding. Just like Warren Buffet, Peter Lynch, John Bogle, and others have noted.
We've lost 15% in 2022. It was a substantial chunk of change. But did we sell when the market was down? Nope. Held on and it came roaring back. On average, our portfolio has increased 10.3% per year.
Nobody who is properly diversified loses like you are inferring. There are "investors", I prefer to call them gamblers, who "invested" in a small group of stocks like Tesla, or Game Stop, or choose the meme stock of the moment. Yep, at times those portfolios went belly up. Same with crypto. It's not a get rich quick method when you are diversified.
Please go read this: [awealthofcommonsense.com]
Go read the blogs of Mr. Money Mustache, Financial Samurai, or any of the following Financial Independence, Early retirement (FIRE) and high-savings blogs
Afford Anything: Paula Pant explores how to make smarter decisions about money, time, and life by examining the trade-offs involved in reaching financial independence.
Frugalwoods: This blog chronicles a couple's journey to extreme frugality and early retirement on a homestead in rural Vermont. It emphasizes mindful spending and achieving a simpler life.
Mad Fientist: Focusing on optimizing the path to financial independence, this blog uses a data-heavy, numbers-driven approach to cover topics like tax optimization, investment strategies, and location independence.
Physician on FIRE: Aimed at high-income professionals, this blog and its resources provide strategies for reaching financial independence and early retirement (FIRE).
JL Collins NH: Best known for the book The Simple Path to Wealth, this blog offers straightforward investing advice, primarily for those interested in using index funds to build wealth.
Early Retirement Extreme: Author Jacob Lund Fisker details a minimalist approach to financial independence by focusing on increasing savings, living simply, and reducing dependence on consumer goods.
Millennial Revolution: This blog follows the story of a couple who retired in their 30s. It offers a fresh, modern take on the FIRE movement, with advice geared toward younger generations.
Broader personal finance blogs
A Wealth of Common Sense: Written by Ben Carlson, a wealth manager, this blog offers market insights and explores investor psychology in a straightforward, easy-to-understand way.
Get Rich Slowly: As one of the original personal finance blogs, it offers extensive content on mastering money through a thoughtful, long-term approach to building wealth.
The White Coat Investor: Similar to Financial Samurai, this site is tailored toward high-income professionals—specifically doctors, dentists, and other high-earners—with advice on managing student debt, saving, and investing.
All of these blogs must have taken a lot of time to read. Time is $. Why not take advantage of bonus offers for new bank accounts? That takes much less time and it’s free. At least you don’t risk anything when there’s a downturn.
Edited 1 time(s). Last edit at 10/16/2025 04:23PM by Minime.
This thread has gone so far sideways it’s not even recognizable.
@Minime wrote:
@maverick1 wrote:
@SBP wrote:
@maverick1 wrote:
Of course, if you work hard in school, work hard in your career, earn, save, and invest, you can retire early like we did.
Then, there is no cost of working. No commuting cost, no work attire cost, and no associated waste of time.
But of course, you have to have something to retire to. It's surprising to me that so many people have no interests. They are better off working and staying busy.
That’s an interesting post, Maverick.
It was also a different world then, Mav, in between the big stock market crash of the last century that had grown men committing suicide (literally) on Wall St, and now.
There have been several more crashes since then in the last 30 years, and just as many bailouts for those who contributed to thier occurrence.
How lovely that your retirement stayed intact through all that, unlike so many others who did all the right things per your advice, paid all the premiums, and trusted what they were told about retirement planning…only to lose much of all of it.
Our children and grandchildren (and perhaps even some of us here) do/did all the “right things,” and even in the tech and other successful industries, after working crazy overtime and sacrificing thier personal lives, get laid off, cheated out of thier retirement investments, and pay through the nose for required insurance while big corporate reports record profits…and more than half will never know what it is to own their own home.
May your legacy of wise investing leave your children and grandchildren well protected.
Look @SBP, we didn't do anything special. Just like I've been posting, a diversified portfolio, years and years of earning, saving, investing and compounding. Just like Warren Buffet, Peter Lynch, John Bogle, and others have noted.
We've lost 15% in 2022. It was a substantial chunk of change. But did we sell when the market was down? Nope. Held on and it came roaring back. On average, our portfolio has increased 10.3% per year.
Nobody who is properly diversified loses like you are inferring. There are "investors", I prefer to call them gamblers, who "invested" in a small group of stocks like Tesla, or Game Stop, or choose the meme stock of the moment. Yep, at times those portfolios went belly up. Same with crypto. It's not a get rich quick method when you are diversified.
Please go read this: [awealthofcommonsense.com]
Go read the blogs of Mr. Money Mustache, Financial Samurai, or any of the following Financial Independence, Early retirement (FIRE) and high-savings blogs
Afford Anything: Paula Pant explores how to make smarter decisions about money, time, and life by examining the trade-offs involved in reaching financial independence.
Frugalwoods: This blog chronicles a couple's journey to extreme frugality and early retirement on a homestead in rural Vermont. It emphasizes mindful spending and achieving a simpler life.
Mad Fientist: Focusing on optimizing the path to financial independence, this blog uses a data-heavy, numbers-driven approach to cover topics like tax optimization, investment strategies, and location independence.
Physician on FIRE: Aimed at high-income professionals, this blog and its resources provide strategies for reaching financial independence and early retirement (FIRE).
JL Collins NH: Best known for the book The Simple Path to Wealth, this blog offers straightforward investing advice, primarily for those interested in using index funds to build wealth.
Early Retirement Extreme: Author Jacob Lund Fisker details a minimalist approach to financial independence by focusing on increasing savings, living simply, and reducing dependence on consumer goods.
Millennial Revolution: This blog follows the story of a couple who retired in their 30s. It offers a fresh, modern take on the FIRE movement, with advice geared toward younger generations.
Broader personal finance blogs
A Wealth of Common Sense: Written by Ben Carlson, a wealth manager, this blog offers market insights and explores investor psychology in a straightforward, easy-to-understand way.
Get Rich Slowly: As one of the original personal finance blogs, it offers extensive content on mastering money through a thoughtful, long-term approach to building wealth.
The White Coat Investor: Similar to Financial Samurai, this site is tailored toward high-income professionals—specifically doctors, dentists, and other high-earners—with advice on managing student debt, saving, and investing.
All of these blogs must have taken a lot of time to read. Time is $. Why not take advantage of bonus offers for new bank accounts? That takes much less time and it’s free. At least you don’t risk anything when there’s a downturn.
What they don’t tell you in the posts fur these assignments is that the banks pull your credit before they will open an account, which counts against your Fico.
It’s similar to accepting assignments asking us to use up our AAA calls (we prepaid) for a $50 assignment fee leaving you stranded with a $100+pay on demand towing bill: aka paying to work.
Someone opined--.....the banks pull your credit before they will open an account, which counts against your Fico.
Bob agrees--Over 22+ yrs., I have opened and/or inquired concerning, I am guesstimating, at least 50 accounts on a shop; the following is my experience.
If a hard pull is involved, my score drops approx. 20 points for a number, that I have not monitored, of months and then rises. If, though, it is a soft pull, the drop is, percentage wise, considerably less. For anyone with a moderate score and/or the intent to apply for a reasonably large loan, the drop certainly could be a deciding factor.
Bob agrees--Over 22+ yrs., I have opened and/or inquired concerning, I am guesstimating, at least 50 accounts on a shop; the following is my experience.
If a hard pull is involved, my score drops approx. 20 points for a number, that I have not monitored, of months and then rises. If, though, it is a soft pull, the drop is, percentage wise, considerably less. For anyone with a moderate score and/or the intent to apply for a reasonably large loan, the drop certainly could be a deciding factor.
I have never ever heard of a FICO score being impacted by simply opening a bank account....perhaps if the account includes overdraft protection? maybe - but otherwise - no.
FICO scores are only impacted when approved for additional credit - i.e. credit cards
Simply opening a bank account without any overdraft protection does nothing to the FICO score.
Impacts to the Chex score is another matter.
Edited 1 time(s). Last edit at 10/22/2025 07:45PM by BarefootBliss.
FICO scores are only impacted when approved for additional credit - i.e. credit cards
Simply opening a bank account without any overdraft protection does nothing to the FICO score.
Impacts to the Chex score is another matter.
Life was passing like a hand waving from a train I wanted to be on
Edited 1 time(s). Last edit at 10/22/2025 07:45PM by BarefootBliss.
Bliss corrects Bob--FICO scores are only impacted when approved for additional credit - i.e. credit cards.
Bob replies--Bliss is correct. I am not typing an excuse, but at 83 I am flubbing entirely too frequently.
Bob replies--Bliss is correct. I am not typing an excuse, but at 83 I am flubbing entirely too frequently.
it's all good Bob....we're swimming in a culture of a million details.....I do the same thing sometimes.
I only pointed it out because it is a really important distinction - especially if one is seeking a loan.
Peace
I only pointed it out because it is a really important distinction - especially if one is seeking a loan.
Peace
Life was passing like a hand waving from a train I wanted to be on
I know someone that worked at a bank and they told me they do a soft credit pull on new customers when you open a checking or savings account. The policy has to do with confirming your identity, to check against fraud databases, determine risk for account misuse, and to comply with a know your customer regulation.
For credit unions, they might do a hard pull. It baffles me why they do that and not just rely on a Chex pull like other banks.
Yikes! The lack of credible financial info here is just a glimpse of why there is this:
"The good news is that there is a new financial technology firm out there that lets people with terrible credit scores tap into the equity in their depreciating used cars at a 30% interest rate, even if it’s not paid off, in which case the entire auto loan is transferred. After signing up, the company – known as Yendo – issues the borrower a credit card which incurs an additional 3% fee if used at an ATM to pull cash out. The good news is it also rewards its suckers – er, customers – with 1.5% cashback on all purchases!"
"The good news is that there is a new financial technology firm out there that lets people with terrible credit scores tap into the equity in their depreciating used cars at a 30% interest rate, even if it’s not paid off, in which case the entire auto loan is transferred. After signing up, the company – known as Yendo – issues the borrower a credit card which incurs an additional 3% fee if used at an ATM to pull cash out. The good news is it also rewards its suckers – er, customers – with 1.5% cashback on all purchases!"
The problem with stocks is you have to invest a considerable amount of time to learn the ropes to avoid fees. Then your risks and losses are all your own. If you trust others to invest your money, you have no idea what their motivations are. There’s always a chance that someone will steer you wrong for their own benefit. Somebody is always on the losing end at some point.
When a leader is playing puppet master with the markets the risk is much higher. Your choice is to invest in what they’re peddling or risk losing your shirt. The tariffs will upend any investments in manufacturing companies that rely on trade. That’s why tariffs must be approved and authorized by congress, who would involve actual economists in their decision making, not a bully. That’s not happening, so all of the Trumpsters who think they’re getting ahead due to his leadership are in for a rude awakening. I’m seeing prices in the stores and online up by 20% over last year. What happened to bringing down grocery prices? It will never happen.
When a leader is playing puppet master with the markets the risk is much higher. Your choice is to invest in what they’re peddling or risk losing your shirt. The tariffs will upend any investments in manufacturing companies that rely on trade. That’s why tariffs must be approved and authorized by congress, who would involve actual economists in their decision making, not a bully. That’s not happening, so all of the Trumpsters who think they’re getting ahead due to his leadership are in for a rude awakening. I’m seeing prices in the stores and online up by 20% over last year. What happened to bringing down grocery prices? It will never happen.
@Minime wrote:
The problem with stocks is you have to invest a considerable amount of time to learn the ropes to avoid fees. Then your risks and losses are all your own. If you trust others to invest your money, you have no idea what their motivations are. There’s always a chance that someone will steer you wrong for their own benefit. Somebody is always on the losing end at some point.
When a leader is playing puppet master with the markets the risk is much higher. Your choice is to invest in what they’re peddling or risk losing your shirt. The tariffs will upend any investments in manufacturing companies that rely on trade. That’s why tariffs must be approved and authorized by congress, who would involve actual economists in their decision making, not a bully. That’s not happening, so all of the Trumpsters who think they’re getting ahead due to his leadership are in for a rude awakening. I’m seeing prices in the stores and online up by 20% over last year. What happened to bringing down grocery prices? It will never happen.
Stock markets goes up and down. Plenty of regular folks earn money on it, and at the same time plenty of people lose money over it as well. Of course. people who lose money will point finger at the stock market instead of themselves because stock market will never argue back. It is just much easier to blame at.
Same thing with tariff. Literally every county on Earth put tariff on import from the US, but when US put tariff on imported goods, it becomes a problem?
I am very sorry but the inflation comes from mid 2021 during Biden era. Majority of the price increase comes due to the so called "covid money" where the govt keeps on printing money which depreciate the value of the money itself.
Loser will always find reasons and things to blame. Winners find opportunities to advance. This statement will forever hold true. It's never about the issue. Its always about the mindset, when an even happens how you look at it and interpret it will determine your action, thus consequences, and you, my friend, is on the victim mindset apparently, decided to just blame everyone and everything, instead of understanding and making use of the event at your advantage.
Why not share what forecasters are predicting for the future instead of the misleading percentages you pull out of nowhere? Anyone with a brain will tell you it’s an uncertain time to invest, period. Your chance of living past the ‘long term’ you speak of is low. In the meantime you waste a good part of your day, each day, speculating and trying to learn from people who could be broke themselves if not for the $ they make telling other people what to do.
The reality is you can lose a big portion of your earnings at any time. Not everyone is willing to take that chance. Most people here don’t have the kind of funds needed to play around and would be better off moving their money - whether they have a little or a lot.
Your crowing here about how rich you are due to your investing wizardry serves no purpose. It’s only a testament to how much you must have hated your job to be on the cloud 9 high you’re on since retiring. My free advice to you is to salvage what you have now to stay solvent until you kick.
The reality is you can lose a big portion of your earnings at any time. Not everyone is willing to take that chance. Most people here don’t have the kind of funds needed to play around and would be better off moving their money - whether they have a little or a lot.
Your crowing here about how rich you are due to your investing wizardry serves no purpose. It’s only a testament to how much you must have hated your job to be on the cloud 9 high you’re on since retiring. My free advice to you is to salvage what you have now to stay solvent until you kick.
CAN WE BACK UP A BIT? WHAT ‘EVENT’ ARE YOU REFERRING TO WHEN I WAS ON A VICTIM MINDSET, BLAMING EVERYONE AND EVERYTHING? ARE WE GOING BACK TO XMAS 1977 WHEN THERE WAS NO 10 SPEED NEXT TO THE TREE? HOW COULD I HAVE TURNED THAT TO MY ADVANTAGE? I’M TRULY INTERESTED IN LISTENING AND LEARNING. (*STILL FUMING ABOUT IT*)@kisekinecro wrote:
@Minime wrote:
The problem with stocks is you have to invest a considerable amount of time to learn the ropes to avoid fees. Then your risks and losses are all your own. If you trust others to invest your money, you have no idea what their motivations are. There’s always a chance that someone will steer you wrong for their own benefit. Somebody is always on the losing end at some point.
When a leader is playing puppet master with the markets the risk is much higher. Your choice is to invest in what they’re peddling or risk losing your shirt. The tariffs will upend any investments in manufacturing companies that rely on trade. That’s why tariffs must be approved and authorized by congress, who would involve actual economists in their decision making, not a bully. That’s not happening, so all of the Trumpsters who think they’re getting ahead due to his leadership are in for a rude awakening. I’m seeing prices in the stores and online up by 20% over last year. What happened to bringing down grocery prices? It will never happen.
Ok, I’m going to have to break this up piecemeal again in order to follow along and digest…
Stock markets goes up and down. TRUE. Plenty of regular folks earn money on it, and at the same time plenty of people lose money over it as well. AGREED. Of course. people who lose money will point finger at the stock market instead of themselves because stock market will never argue back. I WOULD BLAME MYSELF AND NOT SHAKE MY FINGER SAYING ‘BAD STOCK MARKET!’ It is just much easier to blame at. WHERE CAN I FIND THE X SYMBOL ON THE KEYBOARD THAT CAN SUPERIMPOSE? IT WOULD SAVE ME A LOT OF TIME.
Same thing with tariff. Literally every county on Earth put tariff on import from the US, but when US put tariff on imported goods, it becomes a problem? WHEN IT’S A MOVING TARGET THAT CAN REACH 150%? UMM, I WOULD SAY ‘YES’ EXTORTION IS A PROBLEM.
I am very sorry but the inflation comes from mid 2021 during Biden era. OK I WILL KEEP THIS IN MIND FOR FUTURE REFERENCE. Majority of the price increase comes due to the so called "covid money" where the govt keeps on printing money which depreciate the value of the money itself. I AGREE THAT THE PRINTED $ THAT WENT TO THE SELF EMPLOYED BUMS IN THE FORM OF A GRANT FOR A FULL YEAR’S SALARY WAS HIGHWAY ROBBERY. WILL THIS EARN ME EXTRA POINTS FOR SOMETHING?
Loser will always find reasons and things to blame. (‘THE INFLATION COMES FROM MID 2021 DURING BIDEN ERA). BUSTED! (BUT CONFUSION IS SETTING IN.) Winners find opportunities to advance. This statement will forever hold true. It's never about the issue. Its always about the mindset, when an even happens how you look at it and interpret it will determine your action, thus consequences, and you, my friend, is on the victim mindset apparently, decided to just blame everyone and everything, instead of understanding and making use of the event at your advantage.
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