Give financial advice to your 20yr-old self

[Bottom_Feeder]

Not true, people with higher income tend to live longer. It can give you access to better medical , better lifestyle, etc all that can lead to a longer life.


Kinda agree, once I got some $ I kinda felt it was worthless.


Education is one thing.. but most is genetic/IQ.



Because people are stupid, and think Football is more important!



Never chop up credit cards, they give you GREAT consumer protection. Lots of scams /junk being sold, you can do a chargeback and protect yourself with a credit card.

If you lose your credit card and someone uses it, you are not liable. Lose $5000 in cash, and.. well... it's GONE

I agree with most of your responses. I was speaking in generalities for most people with financial troubles. To build a foundation to build off of. Only once a foundation is set can the building begin. Keep it simple to start

 

[Cumminstech]

ADMISSION: I'm 23, I have $1000 to my name, and I was never taught about money.

Coming from a broke(and broken) home, "save your pennies" was the extent of my financial education while growing through childhood, then adolescence, and now manhood. I gave the whole "save your pennies" thing DUE priority, with little-to-no reward to show for it. I'm not exactly sure why it took me so long to realize that saving money serves fuck-all purpose if you're not making money in the first place(good money, that is).

I'm doing okay. I'm independent. I have my own appartment, vehicle, etc. But my bills and expenses have had me living paycheck-to-paycheck for the past 3 years. I'm too young to be this hopeless and tired...nothing shatters your confidence quite like being broke.

All I endlessly think about Night and Day is money(or my lack thereof). It's like a revolving door that keeps going around-and-around-and-around in my head, and I'm afraid that it's driving me completely fucking insane. I can't even sleep.

I have reached a point where I AM ABSOLUTELY FUCKING FED UP AND WILL DO ANYTHING AT ALL TO BE SUCCESSFUL. ANYTHING. I couldn't possibly be any more serious about that. In fact, I would rather off-myself than continue my family's tradition of being poor..."But where to start?"

All topics are welcome...
Crypto/Real Estate/E-commerce/Helpful resources/Books/Podcasts/General Opinions.
Please use this thread to give financial advice to your 20yr-old self, it'd help alot of us younger guys(dummies like me).

Watch Dave Ramsey videos on YouTube

advice to my early self? I honestly don’t think I’d have changed a thing. Buying a house was the scariest thing I did, and it ended up being the financial best decision I’ve ever made in my life BY FAR.

that being said, the Canadian and American real estate markets are hugely different.

Best advice I could give is to become as self sufficient as you can in everything. And don’t buy pharma GH if your living paycheck to paycheck.

the 3 best ways to make money is

1. Other peoples time
2. Other peoples money
3. Your money

remember that

 

[Ferret]

Watch Dave Ramsey videos on YouTube

advice to my early self? I honestly don’t think I’d have changed a thing. Buying a house was the scariest thing I did, and it ended up being the financial best decision I’ve ever made in my life BY FAR.

that being said, the Canadian and American real estate markets are hugely different.

Best advice I could give is to become as self sufficient as you can in everything. And don’t buy pharma GH if your living paycheck to paycheck.

the 3 best ways to make money is

1. Other peoples time
2. Other peoples money
3. Your money

remember that

Whats different between the Canadian And US real estate markets/

 

[Cumminstech]

Whats different between the Canadian And US real estate markets/

Canada you will surely make money and mortgages are cheaper than rent, as well as your property value will increase like 20-40k a year

US markets are very volatile because anyone can get a loan for anything and the banking and federal reserve system is extremely corrupt. You could make a little money, or you could lose a lot of money,

 

[CoffeeZombie]

I agree with most of your responses. I was speaking in generalities for most people with financial troubles. To build a foundation to build off of. Only once a foundation is set can the building begin. Keep it simple to start

I totally agree for any forward movement you need to be on your feet correctly, and for this you need a good foundation. After all, with foundations, we can make scalable and informed decisions.

 

[CoffeeZombie]

Watch Dave Ramsey videos on YouTube

advice to my early self? I honestly don’t think I’d have changed a thing. Buying a house was the scariest thing I did, and it ended up being the financial best decision I’ve ever made in my life BY FAR.

that being said, the Canadian and American real estate markets are hugely different.

Best advice I could give is to become as self sufficient as you can in everything. And don’t buy pharma GH if your living paycheck to paycheck.

the 3 best ways to make money is

1. Other peoples time
2. Other peoples money
3. Your money

remember that

Real estate is always a big responsibility, but as for me, investing in your own home is a good investment. Which is realized after years and, as a rule, you do not wish about it)

 

[WeightLossBurn]

I don't believe the person that started this forum is still with Meso, but I'm sure many other people get use out of this thread.

Most important thing you want to keep in mind is to choose a path that you want to take. I'm sure there are many miserable doctors out there. It's easy for smart people to get by in medical school. The money is great, but the hours and responsibility can be miserable. But you know which doctors do like their job? The ones that genuinely care about people. They are the ones that make it through a 36 hour shift with a smile on their face because they fulfilled their need to be helpful.

There are many examples of people that are good in their profession and those that are miserable.

The carpenter who enjoys to work with wood will be much happier than the doctor who simple enjoys money.

 

[Ferret]

I don't believe the person that started this forum is still with Meso, but I'm sure many other people get use out of this thread.

Most important thing you want to keep in mind is to choose a path that you want to take. I'm sure there are many miserable doctors out there. It's easy for smart people to get by in medical school. The money is great, but the hours and responsibility can be miserable. But you know which doctors do like their job? The ones that genuinely care about people. They are the ones that make it through a 36 hour shift with a smile on their face because they fulfilled their need to be helpful.

There are many examples of people that are good in their profession and those that are miserable.

The carpenter who enjoys to work with wood will be much happier than the doctor who simple enjoys money.

When you factor in all the hours a Dr spends in medical school, etc.... per hour a school teacher makes just as much. When you compare hour to hour

 

[CoffeeZombie]

don't believe the person that started this forum is still with Meso, but I'm sure many other people get use out of this thread.

Most important thing you want to keep in mind is to choose a path that you want to take. I'm sure there are many miserable doctors out there. It's easy for smart people to get by in medical school. The money is great, but the hours and responsibility can be miserable. But you know which doctors do like their job? The ones that genuinely care about people. They are the ones that make it through a 36 hour shift with a smile on their face because they fulfilled their need to be helpful.

There are many examples of people that are good in their profession and those that are miserable.

The carpenter who enjoys to work with wood will be much happier than the doctor who simple enjoys money.

Very often people have to enter the profession because of money or out of love for the profession. But often hard work and few days off lead to burnout at work and humanity is already lost and a person does not see the meaning in his work. Except working for money

 

[CoffeeZombie]

When you factor in all the hours a Dr spends in medical school, etc.... per hour a school teacher makes just as much. When you compare hour to hour

I think a doctor or teacher is, first of all, not a profession, but a vocation. A person's desire to help people carry education or health

 

[Ferret]

I think a doctor or teacher is, first of all, not a profession, but a vocation. A person's desire to help people carry education or health

Doctors tend to be above average in IQ. Intelligent people tend not to be motivated by "caring". Most are motivated by drive, ego. I doubt any get into it to "help" people.

Teachers are a weird group.Most female teachers are sluts.

 

[CoffeeZombie]

Doctors tend to be above average in IQ. Intelligent people tend not to be motivated by "caring". Most are motivated by drive, ego. I doubt any get into it to "help" people.

Teachers are a weird group.Most female teachers are sluts.

A very dubious statement and connection between IQ, mind and own ego and that teachers are whores. Somehow everything is in one heap and some kind of continuous emotions and negativity. I know among each group wonderful and responsive people who want and help people out of love for the profession