4 ms·
Something tells me this author went to an expensive school to study journalism and went on a trip abroad (or 2), and now doesn't know how to pay back all those
by faridelnasire 5y ago
Something tells me this author went to an expensive school to study journalism and went on a trip abroad (or 2), and now doesn't know how to pay back all those student loans. Building wealth is still very much possible, there are many different communities online (FIRE, Dave Ramsey, and so on) where people are doing it, it just involves living a lifestyle that's abnormal for today's standards because consumerism has properly messed up our baseline.
- ithinkinstereo 5y agoLive below your means. Max out you're tax-advantaged retirement accounts. If you're young, invest a non-small portion into high-growth, "risk-on" assets, preferably in an industry you know a little bit about and can imagine where the trajectory of growth will lead to. If you're staying put for the foreseeable future and don't mind limiting your optionality, consider buying a home (basically a 5x leveraged bet).
- ransom1538 5y agoExactly this. People have have studied 10k different millionaires this is what they found [0]: * Eight out of ten millionaires invested in their company’s 401(k) plan. * The top five careers for millionaires include engineer, accountant, teacher, management and attorney. * 79% of millionaires did not receive any inheritance at all from their parents or other family members. It isn't hard. However, but poor luck: divorce, drugs, medical can wipe out chances immediately. [0] https://www.ramseysolutions.com/retirement/the-national-study-of-millionaires-research https://www.ramseysolutions.com/retirement/the-national-stud...
- majormajor 5y agoOr you could look at who the author is and see they got their BA and MS in the early '70s and conclude they probably don't have any outstanding student loans 50 years later.