5 Financial Tips For You Broke Turds | Onlyinvesting.info

buying index funds like the S&P 500 and making money is not luck , unless you consider 10% average annual profit for 100 years is luck…of course dont buy individual stocks or bitcoin , but index funds are safe because youre buying the 500 biggest companies in the world… and its more growth than land or real estate

you say youve never lost money on land ? …then you didnt buy anything from 2000-2007 , and then need to sell it between 2008-2015 (like many people did) …many people lost money and/or even went bankrupt on land and real estate during that period…regular home owners too , not just investors… the only way to never lose money on land or real estate is to not have to sell it for 10-20 years from when you buy it

the cost of most things double every 20 years or so , just due to regular inflation… so if you bought a house for 200k and sold it 10 years later for 300k , you didnt make anything , its just inflation…because the house youll buy next increased the same amount usually……. but if you put that same 200k in an S&P 500 index fund 10 years ago in 2014 , today itd be worth $658k ….not just 300k …….because if the 500 biggest companies in the world are making money , so are you …because you own something "tangible" , which is a small part of each of those 500 companies

is the market always up , of course not….but ill take a 100 year average through the great depression , 18% home loans in the 1980's , the dot com bubble in 2000 , the recession in 08-09 , and a pandemic in 2020 still being 10% annual growth AVERAGE as a good investment……best of luck to you all !

This southern idiot is likely from a a right-to-work (for less) state and is blaming a systemic problem on individuals.

Luck is non existent. If you believe in a sovereign God.

I aint Broke. I'm down south Georgia Boy. we ball til we fall.

What you say is right on point! Thank you!

There are people at my work who complain how broke they are, but I see them always eating fast food on their breaks or their just spending like $300 a month of various streaming services… Such a waste

We're all millionaires one way or another , weather we own our homes or our health, that's all we can ask for, I agree don't go above your means

I was just thinking about this.. some people WANT to find excuses because they don't want to put the effort into working for themselves. This is why we seriously need welfare reform. If a person is genuinely destitute they will be eternally grateful for one room, a food box every month, & one Dr. visit per year. And that should be it. No FREE 3 bedroom houses, food stamps to buy steak & lobster, daycare to raise your kids for you, cell phones, furniture vouchers etc. Make people work if they want more. I am truly disgusted with this, our hard earned dollars are being stolen from us to hand over to freeloaders.
*And to morons who say: well how's someone sposed to work if they got no daycare huh??
Do a childcare trade. Work from home. Figure it out for yourself, that's the point.

If I could only get my wife to understand

Pretending inflation and governmental mismanagement aren't having negative impacts on the economy and American people isn't helpinging the problem. You have good tips but let's be honest all the way around.