What's the most meaningful financial lesson you've learned as an adult?
What's the most meaningful financial lesson you've learned as an adult?
This one is hard for me to pick as my family has been fairly frugal for most part, but I wish I had started investing earlier. And no, I don't mean gold either. 😛 I mean ETFs.
Don’t run out of money
Honestly that is all means nothing. I know that sounds cynical and depressing, but it actually helped me deal with reality. We work our entire lives just to borrow things we think we own. We only rent the things we spend our money on. Eventually someone will be rummaging through everything you worked hard for, and either taking it, selling it, or donating it. So in reality money and finances mean nothing. Even someone with millions owns nothing. Absolutely nothing. So as sad depressing that will sound to some, it actually makes me feel relief. Like the whole rat race of society is nothing more then a distraction to blind us from the deep meaningful things we have here and now. Things like friends, family, and pets. Sure, they will go too, but right now you still truly have them emotionally and physically. True authentic spiritual connection. Eventually we all will die off, but our money and belongs don't go with us. It goes somewhere else. Likely to someone we never even knew, or who didnt even matter. Which makes it synthetic and meaningless in my eyes.
"What's the most meaningful financial lesson you've learned as an adult?"
Everything that glitters is not gold.
Everything that glitters is not gold.
Start saving early or at least learning your trade early
I haven't learned any lessons yet and probably never will
Find a rich generous partner is my financial plan
Find a rich generous partner is my financial plan
Or benefactor..
Money is motivation, it is what keeps you going.
Never stop Gambling.
You Only Lose - if you Quit.
"In the End - the House Always Wins"
⬆️ Complete Bullsh*t.
You Only Lose - if you Quit.
"In the End - the House Always Wins"
⬆️ Complete Bullsh*t.
Religion is a scam. Psychics are a scam. Not all gambling is the same.
Dont fall for scams.
Most people who want to teach you about money are broke.
NEVER EVER TRUST A BUSINESS MAN WITH MONEY YES I SAID WITH MONEY... 9/10 buisnesses fail because you have to be dishonest to succeed.
Most billionaires are not self made.
Jeff Bezos got 500k from his parents as a gift to start his business and 8 million from business contacts he had money to pay people to write code etc. And built amazon by breaking labour laws.
Dont compare your wealth to others.
POOR PEOPLE ARE NOT LAZY you are judgemental.
Dont fall for scams.
Most people who want to teach you about money are broke.
NEVER EVER TRUST A BUSINESS MAN WITH MONEY YES I SAID WITH MONEY... 9/10 buisnesses fail because you have to be dishonest to succeed.
Most billionaires are not self made.
Jeff Bezos got 500k from his parents as a gift to start his business and 8 million from business contacts he had money to pay people to write code etc. And built amazon by breaking labour laws.
Dont compare your wealth to others.
POOR PEOPLE ARE NOT LAZY you are judgemental.
Budget, budget... and budget. I like the app called monarch. We were debt free by 35 and own our house/car in full.
Keep your investments proven and simple. Invest early, use target date funds and mix of traditional and roth for tax purposes. If you have money left over then you can gamble on individual stocks/crypto. Focus on your career and grind while you are young.
I maxed out on roth IRA for the last 15 years. That balance is already at 200k. My 401k is about triple that.
I took calculated risks in my mid 20s. Regardless of my retirement accounts, I own about 15% of a company i cofounded (diluted due to raising multiple rounds.) It's value is in the mid 8 figures. Its still a risk since i cant sell any equity until it goes IPO/M&A.
But we live very modest. Condo, drive reasonable cars, cook and eat together every day. We would rather use our money on traveling. Pretty simple life.
Keep your investments proven and simple. Invest early, use target date funds and mix of traditional and roth for tax purposes. If you have money left over then you can gamble on individual stocks/crypto. Focus on your career and grind while you are young.
I maxed out on roth IRA for the last 15 years. That balance is already at 200k. My 401k is about triple that.
I took calculated risks in my mid 20s. Regardless of my retirement accounts, I own about 15% of a company i cofounded (diluted due to raising multiple rounds.) It's value is in the mid 8 figures. Its still a risk since i cant sell any equity until it goes IPO/M&A.
But we live very modest. Condo, drive reasonable cars, cook and eat together every day. We would rather use our money on traveling. Pretty simple life.
Everything you will ever purchase in your lifetime will end up in a landfill.
Once I realized that truth I started on my no buy/low buy journey.
Once I realized that truth I started on my no buy/low buy journey.
look at this
Posted by Soul
Honestly that is all means nothing. I know that sounds cynical and depressing, but it actually helped me deal with reality. We work our entire lives just to borrow things we think we own. We only rent the things we spend our money on. Eventually someone will be rummaging through everything you worked hard for, and either taking it, selling it, or donating it. So in reality money and finances mean nothing. Even someone with millions owns nothing. Absolutely nothing. So as sad depressing that will sound to some, it actually makes me feel relief. Like the whole rat race of society is nothing more then a distraction to blind us from the deep meaningful things we have here and now. Things like friends, family, and pets. Sure, they will go too, but right now you still truly have them emotionally and physically. True authentic spiritual connection. Eventually we all will die off, but our money and belongs don't go with us. It goes somewhere else. Likely to someone we never even knew, or who didnt even matter. Which makes it synthetic and meaningless in my eyes.
The question is not about how meaningful money is. Rather, it's about anything financially you learned that made the most impact to you.
Posted by victoria-sakuraPosted by Soul
Honestly that is all means nothing. I know that sounds cynical and depressing, but it actually helped me deal with reality. We work our entire lives just to borrow things we think we own. We only rent the things we spend our money on. Eventually someone will be rummaging through everything you worked hard for, and either taking it, selling it, or donating it. So in reality money and finances mean nothing. Even someone with millions owns nothing. Absolutely nothing. So as sad depressing that will sound to some, it actually makes me feel relief. Like the whole rat race of society is nothing more then a distraction to blind us from the deep meaningful things we have here and now. Things like friends, family, and pets. Sure, they will go too, but right now you still truly have them emotionally and physically. True authentic spiritual connection. Eventually we all will die off, but our money and belongs don't go with us. It goes somewhere else. Likely to someone we never even knew, or who didnt even matter. Which makes it synthetic and meaningless in my eyes.
The question is not about how meaningful money is. Rather, it's about anything financially you learned that made the most impact to you.click to expand
Probably to not drink, and not waste too much money on a hobby you might end up uninterested in months later. Also gotcha games. I still do play Pokémon go occasionally, but I've invested thousands upon thousands in gotcha games. Tbh I dont even want to know the amount, and that stuff is terrible because you truly get nothing physical out of it whatsoever. I consider pogo the best when it comes to free to play, but many of those types of games are literally the equivalent of a gambling addiction. I even invested money in games years ago just to try and roll for the new hot character, got the character, felt the dopamine rush, then the company went under or simply backed out and shut down, which means I got absolutely nothing in the end. I just had to rant on that one for a second, I apologize 😅
Join the Conversation. Explore Yourself. Connect with Others.
Discover insights, swap stories, and find people. dxpnet is where experiences turn into understanding.
Create Your Free Account →Related Topics
I know some of you want to discuss this, so here's a thread.
I'm just here to post memes
https://i.redd.it/90da4vy8ts181.jpg
i want to sign up for both,
or either one.
but for some reason it won't accept my credit card or debit card.
waahhh.
meaning the numbers i put in is not accepted..there's a red marker that is saying basically not right numbers.
what— I"m p
If anyone wants me I'll be in here. Just don't bring any drama, this is a drama free cave. Chocolate however as al
As topic