Going For Broke

chekohler(76)

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#money

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Hey Jessavers

Let's face it, as much as we like to bullshit money does make this world of ours go around and I have seen it buy happiness. Have you seen people on Jetskis? Do they look miserable to you? I don't think so. Money gives you options and if used wisely can bring you many joyous moments.

To those who say friendships and family are what bring you happiness, by all means, how do you feed them though? I know none of you are growing things in your own garden.

Anyhoo, that's just me rattling off. Money doesn't have value, if you haven't realised it or can't realise it then you're doomed to repeat many mistakes that will make your life miserable. Money is only a tool, an accounting system and how we find value in it is trading it for goods and services.

I trade things I have or the skills I have in exchange for money and then use that money to acquire things I need that's kind of how it works.

People are the worst investment

It's sad to say but humans are probably the worst way to invest capital since they can only create a finite amount of value, IE what they can do with 1 working day, it's not much and it gets more expensive every year.

Businesses realise that and are always looking for ways to reduce human capital because it can become costly and weigh down production.

Some humans are a black hole when it comes to money, it all goes in and never comes out and I could never understand that concept. Where does all the money go?

They can't even tell you. It's all about consuming the next paycheque and we like to look at it as the fault of the system which can be blamed, but a lot of it is on poor financial education and habits.

I think when you don't actively count what you spend money on, then you might as well toss it in the bin directly and save yourself the time and trouble.

Going for broke

As someone who never grew up with an allowance or any sort of gimmes I've had to work for every cent I own and through that I realised it is awful to work for money. Working for money is painful, tedious and laborious so why would you want to extend the amount of time you have to work for it?

I'm pretty much ALWAYS broke, I never have money and that's how I intend to live my life for as long as possible. But not in the traditional sense. I do very much live like a broke person hand to mouth every day

I only keep a small amount of money to cover my expenses and everything I can spare I invest, there is not a single cent that I keep with me that is not actively working to bring me in more money without my interference.

You can't work your way out of poverty

Short of having some meteoritic rise in stardom through entertainment or sport, I highly doubt it's possible. Not with the way the cost of education is going, not with the way salaries are stagnating, not with the way inflation is going and not with the way consumer spending and debt is increasing.

I'd never tell anyone what to do with their money, that's their choice but for me, this is my game plan and I'm not looking to give out handouts, apart from teaching what I learn.

I don't think any good has ever come from handouts! Well at least in my experience it hasn't. If you're surrounding yourself with financial black holes or you are one yourself, don't make your problems, mine!