Comment by ErroneousBosh
3 hours ago
So basically, in order to have a steady stream of money coming in, you need to start with having a steady stream of money coming in? :-D
3 hours ago
So basically, in order to have a steady stream of money coming in, you need to start with having a steady stream of money coming in? :-D
And often your investments will lose you money, so try to avoid the unprofitable ones, especially when starting out.
Indeed, most kids first big investment is in their schooling.
Sometimes folks have help, sometimes its all debt, and sometimes it pays off eventually.
However, living beyond ones means is almost always unwise. =3
Some spend their time investing from an early age... classifying assets and liabilities. My point was a few grand invested as a kid seems small, but will turn into a lot several decades later.
Others spend their lives making decisions out of impulsive narcissism. Unless you are a trust-fund kid, life can have very real consequences if things go sideways.
Most will learn the hard way... only lawyers and politicians get paid for excuses in life. =3