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Yes!
Goballsdeep every chance you get
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Good advice listed..
Young people need to go through life developing interests in creative hobbies so they can identify where their own creativity and talent lies. They need to have things that make them pop out of bed to accomplish and awake at night with thoughts of "a better way" ...
If someone developes and identifies these "purposeful" endeavors and then connects it to a career path they cant be stopped. This is the internal fire needed to get through college or startup business. You need that unwavering personal conviction and belief in yourself.
One thing my dad told me after almost not finishing high school but eventually getting an MSEE ten years later was...
" you never let school get in the way of your education. "
And all is good because I had a father and mother who cared.
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And remember, there is no such thing as a free lunch. If it is free, someone is paying for it, and that someone may eventually be you.
Hard work never hurt anyone and you will be clearly recognized when you show really good effort and hard work.....you will actually stand out among your peers, many feel someone owes them.
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Tell them to change their culture. It’s the culture and not the race.
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Don't get on your social media and broadcast every dumbass thought that crosses your brain.
Choose your battles wisely. Sometimes the best way to win is to walk away.
Don't waste your money on college if all your going to do is get a gender studies degree or some other equally worthless piece of paper.
Don't chase the latest trends.
Who gives a shit what people you don't know or care about think about you.
Don't compare yourself to others. Who cares what kind of car someone else drives. My daily driver is a Corolla, because a fat bank account is more important to me than a depreciating asset.
As soon as your able, invest early and often. Subscribe to investment sites for learning and don't chase trends.
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I love this !!
what are some great ways to invest your money??? I’d love to hear your opinions
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Invest. I taught my [redacted by HX rules] to invest in penny stocks because losses were no big deal.
Start your 401 the day you earn your first paycheck.
Save up for stuff you never think will happen.
Credit card offers are great. Run them through a shredder, then a blender, soak in water then turn them into art paper. 
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Tell them not to listen to old people.
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Just about the best return on any investment is the company match on a 401K investment. You invest $1.00, they invest in your 401K $1.00. An immediate 100% return on your investment.
Depends on the company but what is typical for most corporations is they match the first 3% of your salary 100% and 50% of the second 3%. So if you put in 6% of your income, the company will usually invest an additional 4.5% into your 401K which will be 100% yours if you stay with the company 5-6 years at least. So you put in $10K and they’ll put in an additional $7500.
Not too shabby.
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Lol@Bwana.
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Live within (or below) your means.
When I used to own rentals, I always found it sadly amusing when a tenant would have new cars, big new TV's, etc.
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@June.Moon Good question. Lots of people making lots of money these days but they are often also taking lots of risk to do it eg. the dogecoin house of cards. More gambling than investing.
Very few investment asset classes are "cheap" right now. With low interest rates about to rise bonds could do poorly, US stocks generally near record multiples, property at record levels versus earnings.
@ColossusJones point on 401k match is spot on. No brainer if you can get it. A Health Savings Account is also very advantageous long term from a tax perspective.
Considering all this, if I were you I'd invest in myself. See the world, learn a new skill, take the time to enjoy your youth. Save some of your cash and wait for the crash and then pile in.
Good luck.
Nick
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Take a good look at yourself and figure out your strengths and weaknesses.
Then hone your strengths and work on your weaknesses.
Stay off your phone, puter (unless for work) and turn off the tube. Those are distractions.
Look for opportunities, there are more then you think if you think outside the box you'll see them then take advantage of them when you see them.
Last - WORK!
No rides are free.
Atticus Finch
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Manage your time, add value to your time (more learning, less goofing off), hang around with people who improve you, don’t be afraid to take risks, educate yourself about risks, and remember that you will die someday, so make these moments count.
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my fucking BRO was telling me that if I'm pinching pennies, i will be losing dollars.
he was talking about me fucking around with a 12500 share option trade where i was trying to make a quick flip and buy it back to save gross 1250 bucks. fucking thing ran away from me and could not get back in...to the tune of 500k
i coulda got back in, but my stupidity/pride got in the way...wasted about 8mos of reading and analysis on the fucking thing
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Best investment you can make is real estate..especially here in Cali
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Avoid rampant speculation especially in the stock market. Margin accounts ,options etc
Chasing a lot of paid pussy is hardon your bank account. So screw wisely
Avoid getting caught doing illegal things
Don’t join cults.
Save from an early age.
I gave a loan to my parents when I was a child.
And don’t fuck up your health
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pick a profession that has a "great hourly trade"
for instance, you like getting massages at 50bucks an hour (not including tip), but you make 50k per year. notwithstanding payroll taxes...you would have to work almost 3 hrs to get that simple massage
going thru life, i would rationalize my hobby or purchases this way...especially if it was cash
learn about savings early in your career...max 401k and so forth...only after that should you increase your standard of living...VERY HARD to start giving shit up once you decide it's time to start saving/investing
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I love these blogs. Sometimes ya'all give very beautiful wise advice. I enjoy it.!
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June.Moon, buy real estate.
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I think the old model of working for a company to survive well was thrown out the window in the 80s. its alll about financial inept. you either have it or you do not. (unless you win the lotto) hustle hustle hustle means keep working at whatever makes you the most money for your time. IMO make sure you & your children can make more money in one day than a pussy can, otherwise your options are non existent. on average, how much does can a pussy make in one day?
then there are unexpected events, like 'demics, migration surges, etc.. that leave people wondering where there "jobs" went. seems like civilization as we know it, is gearing up for an epic change up. or down,, depending on your social status.......... oh, I mean financial status. kinda the same
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This is the best blog ever !!!
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As far as investing I like an all of the above approach. Pay a little more on mortgage every month if possible. Put money into an aggressive growth mutual fund every month. You won’t get rich overnight with mutual funds, but won’t lose your ass overnight either. Good long term investment. I have a good broker if interested. Look at gold and silver frequently. When low buy some. If not already into cryptocurrencies put some money in and play. Lots of highs and lows so be careful. Point is, spread your money around when investing. My two cents babe!
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Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Will Rogers
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Don't piss into the wind.
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Hustle.
Then hustle harder.
You're welcome.
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Build Assets. The American dream isn't owning a home if you're paying mortgage on it Cuz that's a liability not an asset. Instead of buying a single family home buy a duplex or triplex and rent out the other units to make it into an asset and help you pay that mortgage at a faster pace in order to completely own that piece of property and convert all incoming rent into passive income. The goal should be to do this over and over until you got at least 5 properties giving you 3k each a month on rent.
Also invest in long term companies. My rule on investing.
If the stock or crypto you want to buy fell 20-50% the next day would you buy more?
If NO then don't buy the stock or crypto.
If YES then by all means invest in it.
It's simple. If you bought a good investment at a higher price then a lower price should be seen as a discount.
If it doesn't then you had no business buying that stock or crypto in the first place.
Think 5 to 10 years instead of get rich quick...
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some of my best investment success was getting my ASS smoked...being able to back up the truck as the investment got cheaper...not really a fun process...makes ya a little sick at first, before excitement sets in
the key is KNOWING what you own...the value of it, even if it appears headed to BK
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That’s some nice real estate right there ^^^^^
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< img src="https://www.humaniplex.com/images/photos/142371/5D0D6725-ACD1-6E0B-6C05-1C5D39F061D6_D04C946A-873D-4975-BD9A-64E3BD28D710.jpg"width="650"/>
There is a simple code
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Everyone saying real estate....IDK about that right now.
House down the street from mine listed at $950k and sold for $849k.
Its a total fixer upper built in 1951 in South Brea.
When I bought this place in 2008 it was $325k now Zillow has it at $769k.
This market is absolutely bonkers right now. Who the fuck is buying fixer uppers at $850k with no views of any water?
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Bay area house half burned down listed for $850k or something like that
Got overbid to more than $1m
And the house was half burned down, total scrape job
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Connections...
Money, education, work ethic, attitude, being a decent responsible human being....NONE OF IT MATTERS if you know or can meet/network with the right people.
This has been proven time and time again.
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I’m going to mostly repeat what others have said.
Real estate investment is the easiest and most straightforward way to build wealth. When you make your money in other areas, real estate investment will preserve and grow your wealth.
The people you associate with either drag you down or pull you up to their level.
In any given area, read what successful people have done as a roadmap to doing the same things that made them succeed. Also, ask successful people for their advice; they will almost always share their insights with you.
Understanding what gives things “value” is an important concept.
A high FICO score is incredibly important as it allows you to borrow money more cheaply, which you can leverage and make even more money.
Generally, the only way to build substantial wealth is to use other people’s money (through bank loans or investment capital).
All things being equal (intelligence, education, will to succeed, etc), billionaires and multi-millionaires are essentially no different those who are not wildly successful. Luck plays a big part of success. What you can do is prepare yourself for opportunities that you must seize when they present themselves.
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Real Estate is the way to go but not in y'alls market. I gained 65k in equity on my single family home here in the midwest in less than 18 months. Prior to that I gained 50k in less than 2 years. You've got to do your research.
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Do something that interests you, that challenges you, that draws out your talents. We all have a certain talent, even a calling sometime. Also find time to contribute to the life of others. You will be a better person for it.
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sometimes it helps to visualize or get confirmation that if you invest at a certain age...you will meet your goals. take the mystery out of the "magic of compounding" ---- these financial calculators will tell you the importance of not waiting to get started
play with some calculators...update the input every few years...it will motivate you to invest more. update it with your big wins when your investment bets/flyers pay off.
https://www.tcunet.com/Plan/Calculators/Planning-Calculators/Investment-Savings-Distributions-Calculator
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