3 ms·
> Take their fucking money, build a big emergency fund, save, invest. Very sane advice, but unfortunately not always an option. The likelihood of making real
by whiplash451 3y ago
> Take their fucking money, build a big emergency fund, save, invest.
Very sane advice, but unfortunately not always an option.
The likelihood of making real (not paper) life-changing money in a few years has considerably decreased in 5-10 years.
It will only come back with a good pace of IPOs and investor-positive acquisitions.
- bluescrn 3y agoPush for IPOs -> 'growth is all that matters' -> future redundancies. The world needs sustainable businesses, not IPO jackpots for a few and looming redundancies for the rest.
- _heimdall 3y agoThat really depends quite a bit on how frugally a person is able and willing to live.
- pyrale 3y ago> The likelihood of making real (not paper) life-changing money There is a difference between "save, build an emergency fund" and "get into some get-rich-quick scheme". The goal of emergency funds and saving, for most people, is to prevent life-changing events, not create them. You don't need a ludicrous paycheck to have a rainy days fund, and to put money aside, and you shouldn't count on IPOs and acquisitions to build it.
- deleted 3y ago[deleted]