The biggest problem is that schools do not educate us financially.
We are not able to get huge risks and make our investments from our early years of live and accomplish to be financially independent as earlier as we can.
Topic: Soul shout - page 2. (Read 689 times)
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Look, I live in a country like this. The average food courier's salary is $300 a month, the cashier's salary is $250. We have a hell of a lot of different programming courses (some with job offers immediately after graduation). There are a lot of cool courses. Also, a large number of schools learn programming in the currently popular languages (mostly python). And with free education it should have turned into a real factory producing lines of code. And what do you think? Is there a country of programmers? No, we have a country of vegetable sellers at farmers' markets for a penny, taxi drivers, cashiers and waiters. They invest their money in a bank at 6% with inflation of 10-13% per year and they do not want to do anything, they are happy to invest in pyramids (ponzi schemes), do not save money and use credit cards. How to live in a place where the mortgage at 17.9% is cool and people are happy to take such loans? And tell me, how not to cry here?
I am more or less sure that these numbers are not just peculiar to your own country, that the majority of countries in the world have the same situation as yours or even worse.
And are you saying there is free education in your country?
If it is hard to hold back tears pondering on your countrymen investing money in a bank whose interest is much lower than inflation, on them investing in pyramids, on them using credit cards, and so on, you'd be crying a river at my countrymen's situation.
In my country, millions of people cannot even open a bank account, much less invest in them. They cannot even manage to set aside a tiny amount for savings. They cannot even qualify to open a credit card. They cannot even be approved for a formal loan.
At least 77% of my countrymen are unbanked. Around 60% of which cannot do so primarily because they don't have the money for it.
My point is that your situation is not as insurmountable as ours. You'll have better days to come. Sooner.
In stable times our inflation was at 1.7%. Bank accounts pay 1.1% interest... Mortgage interest here is 3-8%.
There's no reason you can't keep up a job while continuing on with education, some high skill low demand jobs will pay similar to a full time job on part time if you're capable enough. You can obviously try to invest in things but you need to know what you're doing, you can't say you're doing well if you can't compete with an equity fund (unless you've put your money into one).
Also, if you're pretty young your credit score will be quite low and you might get bored or stressed about the idea of remaining in the same place for a long amount of time. You'll also be without a history of being able to repay a loan too (back to credit score) ...
And then there's a question of how to socialise and meet new people as a lot of people find out about events and other things through their colleagues afaict.
There's no reason you can't keep up a job while continuing on with education, some high skill low demand jobs will pay similar to a full time job on part time if you're capable enough. You can obviously try to invest in things but you need to know what you're doing, you can't say you're doing well if you can't compete with an equity fund (unless you've put your money into one).
Also, if you're pretty young your credit score will be quite low and you might get bored or stressed about the idea of remaining in the same place for a long amount of time. You'll also be without a history of being able to repay a loan too (back to credit score) ...
And then there's a question of how to socialise and meet new people as a lot of people find out about events and other things through their colleagues afaict.
What kind of country is this? Would I risk telling you that this is England? Because the deposit rates for mainland Europe are high (or if you go to some small bank). As for credit stories and credit ratings - why a loan to a person who lives on his income? Mortgage - with a high initial deposit gives a very good rate, the presence of large deposits or a good portfolio of various quality instruments favorably distinguish even from 40-year-old borrowers with good credit history. At the age of 19, I was approved for a mortgage loan (prime rate) with a down payment of 5%.
In stable times our inflation was at 1.7%. Bank accounts pay 1.1% interest... Mortgage interest here is 3-8%.
There's no reason you can't keep up a job while continuing on with education, some high skill low demand jobs will pay similar to a full time job on part time if you're capable enough. You can obviously try to invest in things but you need to know what you're doing, you can't say you're doing well if you can't compete with an equity fund (unless you've put your money into one).
Also, if you're pretty young your credit score will be quite low and you might get bored or stressed about the idea of remaining in the same place for a long amount of time. You'll also be without a history of being able to repay a loan too (back to credit score) ...
And then there's a question of how to socialise and meet new people as a lot of people find out about events and other things through their colleagues afaict.
There's no reason you can't keep up a job while continuing on with education, some high skill low demand jobs will pay similar to a full time job on part time if you're capable enough. You can obviously try to invest in things but you need to know what you're doing, you can't say you're doing well if you can't compete with an equity fund (unless you've put your money into one).
Also, if you're pretty young your credit score will be quite low and you might get bored or stressed about the idea of remaining in the same place for a long amount of time. You'll also be without a history of being able to repay a loan too (back to credit score) ...
And then there's a question of how to socialise and meet new people as a lot of people find out about events and other things through their colleagues afaict.
In most countries, people 18-22 are on very low salaried jobs or employers don't think their qualified enough or too qualified for a job.
To me, there's little point working at minimum wage until it's at its highest. Student loans aren't problematic they're just made to seem that way afaik... A degree should only set you back £60k, which if youre earning enough for it to impact you, you can pay it off pretty quickly - otherwise it's not a problem.
A lot of people also aren't after financial freedom, they'd probably just say they'd get bored and keep working. If you're wanting to travel you could find a job that pays you to do that too probably.
To me, there's little point working at minimum wage until it's at its highest. Student loans aren't problematic they're just made to seem that way afaik... A degree should only set you back £60k, which if youre earning enough for it to impact you, you can pay it off pretty quickly - otherwise it's not a problem.
A lot of people also aren't after financial freedom, they'd probably just say they'd get bored and keep working. If you're wanting to travel you could find a job that pays you to do that too probably.
Look, I live in a country like this. The average food courier's salary is $300 a month, the cashier's salary is $250. We have a hell of a lot of different programming courses (some with job offers immediately after graduation). There are a lot of cool courses. Also, a large number of schools learn programming in the currently popular languages (mostly python). And with free education it should have turned into a real factory producing lines of code. And what do you think? Is there a country of programmers? No, we have a country of vegetable sellers at farmers' markets for a penny, taxi drivers, cashiers and waiters. They invest their money in a bank at 6% with inflation of 10-13% per year and they do not want to do anything, they are happy to invest in pyramids (ponzi schemes), do not save money and use credit cards. How to live in a place where the mortgage at 17.9% is cool and people are happy to take such loans? And tell me, how not to cry here?
I don't want to turn my life into a whole trip. But to find myself in a quiet, peaceful place with evergreen grass, delicious mozzarella and good Chilean wine - why not?
About boredom - a very progressive professor at a Russian university said it was a myth for the poor so they wouldn't stop working. But tell me, do pensioners with big savings miss it? Many clubs, bars, various places for pastime like parks (which, however, are closed because of the covid) have been created for them. Now they have an opportunity to reconsider the cool movies of their youth, eat croissants of the local baker and drink a glass of wine in the evening. And this is if you don't remember yet that they have their hobbies, a country house where they will feel less constrained. There is activity, the only question is, does the person want it all?
In most countries, people 18-22 are on very low salaried jobs or employers don't think their qualified enough or too qualified for a job.
To me, there's little point working at minimum wage until it's at its highest. Student loans aren't problematic they're just made to seem that way afaik... A degree should only set you back £60k, which if youre earning enough for it to impact you, you can pay it off pretty quickly - otherwise it's not a problem.
A lot of people also aren't after financial freedom, they'd probably just say they'd get bored and keep working. If you're wanting to travel you could find a job that pays you to do that too probably.
To me, there's little point working at minimum wage until it's at its highest. Student loans aren't problematic they're just made to seem that way afaik... A degree should only set you back £60k, which if youre earning enough for it to impact you, you can pay it off pretty quickly - otherwise it's not a problem.
A lot of people also aren't after financial freedom, they'd probably just say they'd get bored and keep working. If you're wanting to travel you could find a job that pays you to do that too probably.
I am so sick of people. Doing stuff that they don't understand. They try to beat the "coin" on a long one (as we know, the stock market is growing on average, but currencies behave quite randomly). Why can't they put off most of their scholarship at 18-22, then up to 26 most of their salary, live without credit cards and become financially free by 30? Why do people always blame migrants and unemployment, but only consume? How does it work, explain...
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