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Joined 2 months ago
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Cake day: June 4th, 2025

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  • The wealthiest people are wealthy because they always took big risks that kept paying off.

    Like taking the risk of having rich parents…

    We can both have our shit completely fucked overnight thru no fault of our own

    Regardless of how much you’re investing, you need to take risk into account and diversify to mitigate it. The people I know who got into trouble when the market tanked had a risk appetite that exceeded their means. High-risk, high-reward investments are a bad choice when your financial stability is put at risk when they don’t pay off. Don’t gamble what you can’t afford to lose.



  • We had three kids, all grown now. I’m not massively well-paid, earn a standard software-person salary. We never had financial difficulties, despite living in the SF Bay Area for much of that time.

    This is a matter of priorities, not of affordability. I’ve always driven second-hand cars and wasn’t a spendthrift when making decisions about holiday destinations, home improvements or other discretionary spending. I seldom borrowed money for anything but genuine capital improvements with positive ROI. Not having any expensive vices helped too. That’s all it took.

    It’s not what you get, it’s what you keep that matters. Deferred gratification is an effective strategy. Few of my colleagues had the discipline to do that. Now that I’m nearing retirement, I’m seeing the pay-off: my disposable income will increase considerably once I retire.