I am not seeing the connection. Whenever I hear capital and elites, it’s a clear red flag around lack of understanding. And just laziness about money. I think a lot of these voices would change if they just had 20% of [edited: discretionary] income auto-invested in equities from an early age.
Adam Smith observed in his famous book that when people get more money they almost always spend it on a better place to live.
I have observed people from the very poor homeless all the way up to multi-millionaires - his observation hold true for the vast majority. Nearly all of them are living paycheck to paycheck despite the massive amount of difference in income.
When you are young investing in education - that is tuition - is the correct call. When you finish school though many people stop investing at all instead of investing in equities.
inshard · · focus · HN ↗
bluefirebrand · · focus · HN ↗
What disposable income? When I was younger I had none, I was too busy paying rent and tuition,
bluGill · · focus · HN ↗
I have observed people from the very poor homeless all the way up to multi-millionaires - his observation hold true for the vast majority. Nearly all of them are living paycheck to paycheck despite the massive amount of difference in income.
When you are young investing in education - that is tuition - is the correct call. When you finish school though many people stop investing at all instead of investing in equities.