Quote:
Originally Posted by woj
there are plenty of things you can do with low funds... for example, you could share your wisdom with others by giving others advice, by writing a book, etc... or take on some low budget hobby, photography or wood working...
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People on low incomes rarely have any wisdom to share or skills.
40 years ago, or was it longer? I saw my Father's business hit the buffer's, he picked himself up again and rebuilt it. BUT, the scary thing was he had no life insurance, no pensions and nothing but the roof over his head. It was a very nice house, still no guaranty of income.
Since then I put money into pensions and investments, all long term. Even during the lean years and in the fat years I put a lot away.
Now I have no financial worries and a growing bank account. OK, I'm a miser.
Be warned you 30 somethings, getting old isn't a process that stops. The OP is spot on.