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This is why it’s better to have a higher salary vs relying on government to provide a better standard of living at the trade off of a lower salary. With the hi
by deadbabe 1y ago
This is why it’s better to have a higher salary vs relying on government to provide a better standard of living at the trade off of a lower salary.
With the high salary, even if the cost of living around you is high, you can still make choices to save and invest money to eventually become financially independent and retire when you want, where as if you have a low salary, you don’t have that flexibility, you are at the mercy of the systems around you.
- RestlessMind 1y ago"Investing money" is insufficient. You still need kids and the newer generations at the end of the day. Think where you are going to invest and how that investment is going to provide returns. Stocks? Those companies actually need to produce and hence need workers. There also needs to be a broad consumer class to purchase those products. Without younger generations, you have no workers and no consumers which means your stocks have no value. Same with bonds. Same with real estate.