
Americans who locked in a job, home, and stocks are thriving. Everyone else missed out on their ticket to wealth.
https://www.businessinsider.com/how-americans-build-wealth-changing-stocks-homes-people-missed-out-2024-8
by FUSeekMe69

Americans who locked in a job, home, and stocks are thriving. Everyone else missed out on their ticket to wealth.
https://www.businessinsider.com/how-americans-build-wealth-changing-stocks-homes-people-missed-out-2024-8
by FUSeekMe69
5 comments
Wow so if you have the things that make you wealthy you’re wealthy and if you don’t you don’t? What a concept.
It’s a shame that they don’t teach or talk about the importance of finance and retirement anymore in US middle school but instead reverted to teaching climate change and social gender issues instead.. so many folks have no idea about debt, finance and the importance of building a financially stable future..
i missed out on a home and stocks for the most part (lost a ton of money but then regained the losses but am barely above even) – but at least I’ve had a good job and cheap apt this whole time. the house thing sucks though because I finally had enough money saved to get a house in 2019 but decided to stay in my apt to save up more money for a few more years (since my apt was cheap and close to my job, buying a house would have wiped out most of my cash and my cost of living would have almost tripled)
We don’t have a free market, we have a centrally planned market. Unless you can afford to buy in cash you basically have to time the Fed’s interest rate manipulation if you want to win the housing game.
The American dream is still alive and well. There are still jobs available. There are still affordable homes available and anyone with $5.00 can invest in the stock market with fractional shares and no commissions.
The trick is to live below your means. Don’t fall into the media trap that jobs are unattainable, housing is unaffordable or stocks are out of reach. Everything is about choices and people getnew jobs every day, buy homes eveyry day and buy stocks every day. They just may not get the dream job, the dream house or the million dollar portfolio right out of the gate