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> no you cannot invest in stocks/coins/anything if you consistently fall behind with your utilities payments or spend all your salary on booze on first weekend
by mamcx 5y ago
> no you cannot invest in stocks/coins/anything if you consistently fall behind with your utilities payments or spend all your salary on booze on first weekend after payday.
Well, this is another trap!
You CAN.
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One thing that i failed for YEARS was follow this "advice", in special with relation with crypto. I get in and out of it, because I get worried about it, like this say.
What I finally "get" was that if you "invest, even little, and not quit!" you WILL get some of it later. And WILL get MUCH MORE than NOT DO IT!
Daaaaaammmm. I lost so much just because I was unable to do it consistently.
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P.D: How I get this? My family caught the idea of saving all extra coins of low value we get in daily buys. Eventually, after a while, that money was enough for a decent buy of things (iPhones, Computers,...)
Small coins. No value money, things you will lose after the day and not see it again.
But because we "invest" and "save it" for long enough, it become sizable (and yes, I'm not rich and was in dire economic situations).
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So? go invest, even if pennies.
- jfrunyon 5y agoI dunno about you, but when I was in "dire economic situations" I too saved my pennies. The difference is that I had to use those pennies to buy food, or gas to go to doctor appointments, or gas to go to work. It's unfortunate how many people have disposable income and still think they were in "dire economic situations".
- mamcx 5y agoHow far in the deep make a difference, but is easy to not even see a way out when afloat. That is why I say is a "trap" instead of being wrong. I lived in one of the worst places on the city of Medellin in the worse times of that. And even there, you see that people get some income and waste it, every time, because never see a future. That is the trap.