investing has totally changed how I look at money. I didn't think about it before I started doing it but you can't really out work money. The more money you can get in income the more money you can have your money make for you.
Most people make more money but use that money to fund lifestyle creep. If you took a person that made $50K and the next year they started making $100K they're moving and getting a better car and new furniture. If I was that person I'd keep living how I was living and invest all the excess past what I had with the $50K.
My parents did a lot for me. They drilled into me fiscal responsibility, maintaining good credit, debt avoidance. They did not teach me anything about investing and I kinda resent that. If I would have really known about investing in my late teens or early 20s my life would probably be completely different now. My pops was anti-stock market. He didn't understand it and looked at it as gambling so I adopted his attitude and ignored it until age 35. When it comes to growing my investments I can't get that time back.
Honestly my fam never understood how money works. I come from a family of professionals, but they're literally living check to check. That's why on the outside looking in, its like yea, my fam made high income, but in reality I never had shyt. I surely benefitted from the stability of my parents jobs and the affluent neighborhood. But there's legit times where I struggled for basics.
Like I remember my fam being so strapped for cash, that I couldnt get new glasses after they broke until the semester ended. I also remember going long periods of time skipping visits to the dentist and other medical work to get the proper treatment, because my folks didnt prioritize that shyt. I didnt really learn how manage my money & health until my mid 20's when I went through a true hardship. I used to live check to check, and spend all my money on clothes and clubbing. The combination of being broke and underemployed, fueled me to learn how money works. Heck right before I really started investing last year I just finished paying off some crazy debt, I had. Now I'm at a space where I can actually breathe.
But in hindsight, I wish my fam understood money. Income doesn't mean shyt to me. It's about what you do with your funds. My family priorities looking like money, instead of actually having money on standby or having money in places where it appreciates.
@No1
the goal is just to give her more options than I had
