11–20 of 112 posts
You're experiencing a classic case of selection bias. You're much more likely to hear about the person that got rich trading crypto rather than the person that lost a lot of money trading crypto.
I'm quite open about my poverty. People literally do not want to hear it.
In December 1996, Alan Greenspan (Federal Reserve Chairman) used the phase "irrational exuberance"[2] to describe the market. It was already obviously a bubble. The bubble didn't burst until March 2000.
Some people think this particular bubble will end with the dollar crashing instead of the market.
Same with people posting fancy pictures on instagram.
You don’t see that they have a chronic but unseen illness, and that their children hate them, for example.
Specifically though when I see people who have accumulated much more wealth than I have, often they’ve been doing it much longer. It makes more sense when I remind myself that. And yeah I could have started saving/investing earlier, but if the best time to plant a tree was 30 years ago, the 2nd best time is today.
If it is any consolation, we will probably experience massive inflation in the next 20-30 years. Those with primarily financial (and not physical) assets will be hardest hit. At some point the economic wizardry will hit the fan. But on a less depressing note, I suggest paying less attention to the areas where people are “getting rich.” Money isn’t the measure of true value and you will rarely find a correlation betwe…
If it is any consolation, we will probably experience massive inflation in the next 20-30 years. Those with primarily financial (and not physical) assets will be hardest hit. At some point the economic wizardry will hit the fan. But on a less depressing note, I suggest paying less attention to the areas where people are “getting rich.” Money isn’t the measure of true value and you will rarely find a correlation betwe…
You're experiencing a classic case of selection bias. You're much more likely to hear about the person that got rich trading crypto rather than the person that lost a lot of money trading crypto.
^ I'm quite open about my poverty. People literally do not want to hear it.
you are interested to me, not because you are poor but because of what you achieve while being poor.
(And if I could choose I'd rather w7sh you were not poor.)
If it is any consolation, we will probably experience massive inflation in the next 20-30 years. Those with primarily financial (and not physical) assets will be hardest hit. At some point the economic wizardry will hit the fan. But on a less depressing note, I suggest paying less attention to the areas where people are “getting rich.” Money isn’t the measure of true value and you will rarely find a correlation betwe…
5-10 years imo
I give you an example. I have a couple of friends with two kids. They have an amazing FB/Instagram feed. You immediately see a wonderful model family living in a beautiful house, traveling together, enjoying every moment together, all smiling. It seems like they are always having fun in all possible places (it made my other friend who can't have kids a bit depressed).
One day I decided to visit their house and was a bit shocked. The kids were basically terrorizing the family. The father was half-alive but trying to smile all the time, sometimes unsuccessfully. The whole house was very cold because they spent too much on it and couldn't afford heating it adequately. But the most depressing was a bad smell from nearby chimneys of their neighbors. Apparently they couldn't do anything about. For me it was a living hell, I couldn't live in such a place for one day.