Just realised that everyone who believes in the idea of 'it's impossible to become an asset owner now, you're going to be a slave forever' is either lazy or ignorant.Just been looking at the stocks map. NASDAQ:MU has always been on my radar since I started day/swing trading in late 2022. It's a semiconductors company focusing on memory and storage. For most of that time it's been between $50 and $100 a share, but from 2025 it's really come into its own and has reached $345 a share.That's why I think the idea that all assets are out of reach for regular people now is a mental trap. Revenue is growing and earnings are growing, expenses are growing at a lesser speed. Assets are growing. Equity is about double liabilities so a very solvent company. And has a realistically useful place in its business sphere.Why I say this, is because it's not hard to make wise investment decisions with a bit of research and knowledge of what you should look for. And anyone can find ways to work hard to make income from employment, live below their means and find the money to invest in stocks that gain 500% in 1 year. But that's not every year. MU was a fairly meh investment for the 5 years preceding 2025. Sometimes a stock with great fundamentals may go up, down or sideways, but it will eventually point upwards and this is a way that any average person, average in skills and knowledge, can get fairly rich. It really comes down to this: If you're lazy, you will refuse to work and put effort in so you don't actually get anything to invest. You will try to invest some chump change you get here and there in some random unresearched penny stock or shitcoin and then act surprised when the market doesn't reward you with a 1000% gain for doing nothing. You didn't deserve it.
If you consistently work and put effort into your work, but you spend all your money in your lifestyle, then one of either two things is the case: either you have a low-value job (you need to invest in your own skills, however I understand this is difficult for people who for whatever reason have already obtained a family before they have high-value employment and have no time to invest), OR you're spending all the money you earn on your lifestyle with nothing left to invest. E.g. you earn $1200 a week and you spend $650 on accommodation, $300 on food, $250 on other odds and ends, you have nothing left over. I have a fairly average job and earn $1200 a week (after tax btw) I'll give you a budget which will give you something you can actually invest after all is said and done:$200-400 on accommodation and all related costs eg utilities, rates and repairs if home owner; 400 is the very max you should do; 200 and less you're most likely in a sharehouse which is something I would consider if you're in an extremely HCOL area where you only plan to be in for several years while working in a highly-paid job and get out. For myself I rent a 2 bed for $350 including bills.$170 on food, includes occasional eat out.$127 on car payment - that's on a $30K loan.$59 on petrol.$100 on other car stuff inc maintenance, insurance, registration. $128 on everything else.$934.That leaves me with $266 every week left over to invest, or $1151.78 a month. It's not a huge amount but if invested into smart stocks, can easily increase yearly income by a few 10K. Then that will snowball. If I didn't want to go to too much effort picking and trying to time growth stocks, I'd also look at high-dividend stocks especially in markets like Australia.
Yes, I know I spend almost as much on my car as on accommodation. However it gives me a lot more satisfaction in life than anything else, I can travel around the whole country with it. So I can make that decision but still have money to invest.So, long story short: poor people who think they can never become rich (but want to) are simply making the wrong decisions through laziness and ignorance.
>>61646197Induced schizophrenia it's the biggest psyopp, OP...That would answer some of your questions.
I bought MULL at 56 dollars a share when MU was 225 dollars a share. I thought I was going to hold until MU hit 500 dollars a share but sold as soon as I was up bigly. Looking at my accounts I realized I'd need to be working 3 jobs (full time, evening part time doing delivery or something and weekend doing sales) to pump my income enough. I already made- every year for the last 5 years- more money from trading stocks than anything else. it was only before 2021 that I was making more money working than trading stocks and crypto. It is absolutely impossible to make it 'just by working' with taxes the way they are and pay being so low. But because pay is low and the market is risky. But whenver I find an "almost guaranteed" asset likeMU I always paper hand it. But stocks are still exceeding my income from work. It's maddening.I want to go back just 1 month. Let me hold my MULL. Let me make money. I'm so stupid. I could have made a hundred thousand bucks.
>>61646204>investing when you have a car loan that is probably at least 7%What are you doing >spending 170 dollars on food every weekI spend 250 a month and I hook everything at home
>>61646223And maybe I should say why you should pay off high interest loans: it is literally guaranteed returns. If your car loan has 10% interest then if you pay 100 bucks of the principal that is 10 bucks less you need to pay in the future, and yes it is compounding so it is high returns with zero risk and volatility
>61646223It's 6.4%. I get returns of higher than that so not worth paying off the loan. I get the logic thoughGood for you in saving all that money I guess but I like tasteful food. I imagine at $250 a month there's no way I could cook marinated beef, pasta, garlic, onion, cheese sauce, etc. plus all the drinks I enjoy plus I go out and buy Asian meals which I have not learned to cook myself yet
>Boomer "Pull your socks up" posting>anyone can find ...... stocks that gain 500% in 1 yearlol
>>61646204>Just spend $400 on your 2 bed apartment rent bro Nigger we havent had prices like that in the us since like the 70s
>>61646197why don't we make things beautiful anymore?
>>61646772Honest answer: too many people and a promotion of lifestyles that look to the future of next quarter instead of next decade
You gotta start out young and preferrably hard. I put 11k from inheritance into stocks when I was 20. Put couple of thousands from wage checks every now and then. Then I happened to make my biggest play in 2016 with buying nvidia. Sold it for 70k. Now I own a debt free apartment worth 330k at 32. 330k isnt rich by any means. Apartment worth 700k would be but that didnt happen for me.
>>61646197I mentally replaced NASDAQ MU with ICP and read your text again and laughed
>>61646955What stocks? What platform? I want to invest but I just find the whole thing opaque and esoteric.
>>61647783I'm from Finland so my advice doesnt apply to you. But in hindsight if I cant wish for putting everything in nvidia, then sp 500 is the best. Put in 400 of your paycheck minimum every month.
>>61646197Not reading your lotr extended version walltext saga, holy fuck
>>61646424I live in Australia where everything should be 1.5x what it is in the US, however in reality it's not really like that; we earn less and spend around the same on many things.Nonetheless you can find a 1-2 bdrm for less than A$350 a week in many regional and outer city areas. If you're trying to get one in inner capital city, you're usually spending >$600 per week.>>61646772It's a shame
>>61646197This is actually strong GREEK construction working by manly orthodox GREEK men
>>61649032>Ticker: AVAXFor your information
