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In my parents generation, you made an investment and chances are it would go well. Since I left college, you made an investment and chances are it wouldn't go w
by sudonim 15y ago
In my parents generation, you made an investment and chances are it would go well. Since I left college, you made an investment and chances are it wouldn't go well.
By the time my parents were my age, they were married and had bought their first house in connecticut thanks to a loan from my dad's employer.
My parents bought property in connecticut, singapore, london, indonesia and did pretty well with that over the years. They rented out places and built a pretty decent nest egg. Property prices didn't go down between the times they bought and sold property.
It's a different world now. The best way to build wealth is to play both sides of the fence so you make money in both creation and destruction. For me, I'm betting that I can create software of value to enough people that I can build wealth. I've hedged my bets by getting some % of the current company I work for, but if I stay at this salary for the long haul, I will never have financial security.
It's a little bleak. I pity the people who swallowed the blue pill and work for some large corp. Some will get into the top tier and be phenomenally wealthy. The rest, I'm not so sure.