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So after building a business that makes 50k in gross revenue on average a month (last month 10-20k more), I decided to put around 100k in the stock market.
Almost a month later, after realizing how slow this money will grow, I cannot but feel this whole thing is a "scam". Or said better, my business makes so much more money than the stock market ever will even if I keep the money invested for 50 years.
I can't believe this is the path most people use to make money, it sounds like horseshit to me. I can understand if you had 10 million and parked 1 million, but for anything below that, it just will not work. It can't. I've read this in MJ's books previously but didn't truly realize until now.
I'm 24 and I'd rather buy a supercar at this point with half of that money, instead of seeing it grow at 4% every year. Not sure why I think this way but the thought of even being alive at 60 years old is not appealing to me. In fact getting older is what I fear the most. Maybe I think this way because I can make that same money back in 3 months, so why make it illiquid and put them in the stock market? I might as well buy some things with them and enjoy life?
I think my beliefs got shaped by the reddit crowd of FIRE where they say you must be frugal and say bye bye to enjoying life while you're young. What I seem to forget is these people work at 9-5 jobs for 3k a month so their advice can't really apply to my level of earnings.
My main objective of parking money was to live off my investments, but figured out I need way more than 100k to be able to do that, hence, again, the realization that this whole "stock market" worshipping from the FIRE crowds is irrational, because the returns are so small that it's definitely not how people get rich young. My beliefs crashed again.
Almost a month later, after realizing how slow this money will grow, I cannot but feel this whole thing is a "scam". Or said better, my business makes so much more money than the stock market ever will even if I keep the money invested for 50 years.
I can't believe this is the path most people use to make money, it sounds like horseshit to me. I can understand if you had 10 million and parked 1 million, but for anything below that, it just will not work. It can't. I've read this in MJ's books previously but didn't truly realize until now.
I'm 24 and I'd rather buy a supercar at this point with half of that money, instead of seeing it grow at 4% every year. Not sure why I think this way but the thought of even being alive at 60 years old is not appealing to me. In fact getting older is what I fear the most. Maybe I think this way because I can make that same money back in 3 months, so why make it illiquid and put them in the stock market? I might as well buy some things with them and enjoy life?
I think my beliefs got shaped by the reddit crowd of FIRE where they say you must be frugal and say bye bye to enjoying life while you're young. What I seem to forget is these people work at 9-5 jobs for 3k a month so their advice can't really apply to my level of earnings.
My main objective of parking money was to live off my investments, but figured out I need way more than 100k to be able to do that, hence, again, the realization that this whole "stock market" worshipping from the FIRE crowds is irrational, because the returns are so small that it's definitely not how people get rich young. My beliefs crashed again.
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