4 ms·

Well, i don't see what is wrong with it. Apart that common people don't invest even a bit. This is what happens always with everything. Some people find joy in

by kvgr 2y ago

Well, i don't see what is wrong with it. Apart that common people don't invest even a bit. This is what happens always with everything. Some people find joy in accumulating stock and others in drinking beer every evening.

yuppiepuppie 2y ago
While this may be a jarring response to many, I dont find this response to be far off from my reality. My father is compulsive about accumulating wealth via stocks, property, etc. My father in law could not care less about wealth accumulation, and would rather have lunch with friends outside of work. I dont know who is happiest, but from the outside they both appear very content and satisfied.
qnleigh 2y ago
Poverty exists because people choose to drink beer instead of investing their wealth in the stock market? That's really the only explanation you can think of? If only all those people living paycheck to paycheck works just have the sense to put their money in the S&P 500! #endworldhunger
- Pooge 2y ago
  > That's really the only explanation you can think of? Another is the fact that many choose to own luxury items or buy drugs (tobacco, alcohol are included) instead of... you know... saving. And then self-proclaim to live "paycheck to paycheck"⋆. Middle class gets poorer and the rich get richer because inflation is literally eating away the former's life savings while the other has doubled his net worth in just 10 years. ⋆I am not discrediting those that are truly living paycheck to paycheck. But a lot of people blaming the system and getting poorer are usually spending a shitton of money on useless things. Financially literate people prefer to save and invest this money because they understand the cost of opportunity.
  - abnercoimbre 2y ago
    My public school never gave me any classes on financial literacy while children of global elites receive the best guidance for it. My classmates and I were then instructed by every counselor and parent to take out six-figure student loans with variable interest. We were teenagers in high school without fully-developed brains. I can keep pulling examples out of the rabbit hat, just let me know.
    - Pooge 2y ago
      > My public school never gave me any classes on financial literacy while children None do. Even private schools don't. It's not part of the curriculum and children don't care about those topics. When you reach your 20s you realize how important it would've been but how boring you thought it was at the time. But since you graduated, "learning is over" so you won't teach yourself financial literacy. > children of global elites receive the best guidance for it Yeah... from their parents. I worked in the industry and I know that children from UHNW individuals do not want to talk and be taught about money. They are not financially literate, but they have money that allows them to delegate to someone else. This is true for anything in life, by the way: you either learn to do it or you pay someone else to do the job.
wolvesechoes 2y ago
To invest, you need to have a surplus, and receive some form of education, not necessarily on investing per se, that would enable you to think in certain ways. Asking why is it wrong is similar to asking why it was wrong that most people couldn't read or write, for many of them were quite happy being illiterate.

by kvgr 2y ago

yuppiepuppie 2y ago

While this may be a jarring response to many, I dont find this response to be far off from my reality. My father is compulsive about accumulating wealth via stocks, property, etc. My father in law could not care less about wealth accumulation, and would rather have lunch with friends outside of work. I dont know who is happiest, but from the outside they both appear very content and satisfied.

qnleigh 2y ago

Poverty exists because people choose to drink beer instead of investing their wealth in the stock market? That's really the only explanation you can think of? If only all those people living paycheck to paycheck works just have the sense to put their money in the S&P 500! #endworldhunger

Pooge 2y ago
> That's really the only explanation you can think of? Another is the fact that many choose to own luxury items or buy drugs (tobacco, alcohol are included) instead of... you know... saving. And then self-proclaim to live "paycheck to paycheck"⋆. Middle class gets poorer and the rich get richer because inflation is literally eating away the former's life savings while the other has doubled his net worth in just 10 years. ⋆I am not discrediting those that are truly living paycheck to paycheck. But a lot of people blaming the system and getting poorer are usually spending a shitton of money on useless things. Financially literate people prefer to save and invest this money because they understand the cost of opportunity.
- abnercoimbre 2y ago
  My public school never gave me any classes on financial literacy while children of global elites receive the best guidance for it. My classmates and I were then instructed by every counselor and parent to take out six-figure student loans with variable interest. We were teenagers in high school without fully-developed brains. I can keep pulling examples out of the rabbit hat, just let me know.
  - Pooge 2y ago
    > My public school never gave me any classes on financial literacy while children None do. Even private schools don't. It's not part of the curriculum and children don't care about those topics. When you reach your 20s you realize how important it would've been but how boring you thought it was at the time. But since you graduated, "learning is over" so you won't teach yourself financial literacy. > children of global elites receive the best guidance for it Yeah... from their parents. I worked in the industry and I know that children from UHNW individuals do not want to talk and be taught about money. They are not financially literate, but they have money that allows them to delegate to someone else. This is true for anything in life, by the way: you either learn to do it or you pay someone else to do the job.

wolvesechoes 2y ago

To invest, you need to have a surplus, and receive some form of education, not necessarily on investing per se, that would enable you to think in certain ways. Asking why is it wrong is similar to asking why it was wrong that most people couldn't read or write, for many of them were quite happy being illiterate.