What’s the point of making gazzillions of dollars 10,20,30+ years from now if by the time you do it you’re 50+ and are shitting into your depends diaper?
If you think you can make money now, albeit at some risk…. Go for it…Fail now…You will fail at something anyway…Fail now, fail fast, fail young….Learn something from it…better than failing later when your 50+…..And apparently failing now is much easier to be forgiven than possibly in the future…
Clearly sitting on one’s ass isn’t gonna work in the future… Ok, it might work in California (for now)…. but probably not sustainable
Oh and find friends smarter than you….I like to think I’m a moron and much dumber than my friends…I’d rather that be the case than to be the “smart” person surrounded by a bunch of dumb people. Smart friends can help/educate dumb people like me….It doesn’t work the other way around and a lot harder if you have to do all the discovery/lessons learned yourself.[/quote]
I missed this post first time around. I just read CAR’s post and I agree. I don’t think anyone is advocating to sit on their ass and do nothing. Quite the opposite in fact. Short of winning the lottery, inheriting a windfall, etc. building up net worth usually takes a lot of time and VERY hard work. So I’d say it’s the exact opposite of sitting on your ass and doing nothing.
Also, I know you were being sarcastic above with the “Depends Diaper at 50 years old” comment. But see, that’s where I have a different outlook. You might look at 50 years old as older and I don’t look at it that way. The average lifespan now with modern science is approaching 80’s and I’d imagine a few decades from now it will increase even further.
At the turn of the Century when the average life expectancy age in the USA was only around 46-48 years old, you could say 50’s was “Depends Diaper” age. But now it’s a totally different story. Yes, it’s great in a way that modern science allows us to live so long but in a way it’s scary as well!
Time flies by too damn fast. I don’t think anyone on this board is a gazzilionare. And in life most aren’t. They are just people that worked hard most of their lives and are fighting the “fight” to not outlive their savings.
And sure having smart friends helps. I have lots of intelligent friends. Most of them are highly educated, hard workers, not only book smart but also street smart and even they have made hiccups in life. Some of them major hiccups. Most of us have all made financial hiccups in life.
[quote=flyer]
Even though many of us took some risk to build our wealth, I think, most likely, it was very calculated. Today, it seems, some people seem to be willing to throw all caution to the wind, leverage to the point that they could lose everything, and “hope” for the best.
The stats on the net worth in this country tell the whole story. They aren’t pretty. .[/quote]
EXACTLY flyer. It’s all about calculated risk. Heck, I’m not even saying some of the players on this board aren’t calculating their risk. As I mentioned, I don’t know the personalities too well yet on this board or their personal situations.
I do agree that the net worth statistics and also the numbers of people that don’t have a sizable nest egg for retirement tell the true story.
