Regardless of social status, buying things that need to be practical is the right answer. Buying something that you can’t bear to use is just a waste of money *condup*
Once, I had the chance to talk to the company owner directly during an interview, instead of an HR representative. He bluntly said, 'Even a monkey could learn to code,' and later in the interview, he mentioned, 'I only offer 800 EUR per month, which is the bare minimum on the job offer and minimum salary in the country, for starting employees and never more.' He probably tried to save money by not hiring an HR person, but the audacity I had to face was unbelievable. With that sum of money I could barely make ends meet in that area. He was hoping to get manager, programmer and accountant in one (by it's own words) for pennies. Many of the job offers I get are scams that includes unpaid training for up to 3 months, during which I develop their clients ideas. Only after unpaid 3 months they will choose the most fitting people for barely higher salary when country's minimum.
I have been searching for a software engineering job. I received an email about a job offer and a test task. They asked me to create a website with specific functionality and make it available online. I bought a server and completed the project, only to be ghosted. Thankfully, I knew about domains, SSL, and servers, which helped minimize expenses. These kinds of experiences are really demotivating.
"Hi everyone, I'm Gabriel from Argentina and a passionate tech enthusiast eager to launch my career in a remote role. I'm a quick learner with a knack for problem-solving, as demonstrated by my success in translating plugins. I successfully adapted 5 plugins from English to Spanish, achieving a 100% success rate. My ability to troubleshoot and adapt is further shown by my 80% success rate fixing smartphones (one even took just two tries!). I'm a fast learner, having completed an intensive English course in just 6 months. I'm confident I can quickly grasp new skills and become a valuable asset to your team." Something like this?
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF. Can't wait to reach 100k. Zero debt , zero credit card ever. Piano teacher
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years. Keep grinding out there! ABB - Always Be Buying!!
That's why I work with an investment advisor. With advice, my diversified portfolio, which has expanded dramatically, is today worth over $70k and can be used during all market seasons. Our current goal for this year is to have a more precise ballpark figure.
Hi there, Where can I locate a certified financial planner? It would not be a problem for me to find the expert who assisted you. In two years, I'll be retiring, and I could need help managing my considerably larger wealth. Want to avoid taking any chances.
Dianne Sarah Olson, my CFA, is well-known in her field. I advise looking over her qualifications in more detail. She is an invaluable resource for anyone trying to navigate the financial market because of her extensive knowledge.
I’m a dividend investor My wife and I have invested in the s&p500, both through my TSP with the government, and through Fidelity in her 401-k.Cashed out 360k from the S&P and re-invested . Until around 3 years ago we were 100% in the s&p after over 20 years.I'm retiring at the end of this month at 58, while my wife will retire next year at 52. We currently have 2.9 million in out tax deferred savings and still with other 7 figure investments in individual companies. I Reserve much gratitude for my humble CFA.
I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle in the stock market made it possible for us this early even till now we earn weekly. Thanks to FIRE movement. I could achieve all this with the help of my FA Dianne Sarah Olson.
I think this is meant for Americans. Europeans and Asians you know in Europe and Asia love their luxury goods. There’s no doubt luxury good sell well in China for example well there’s a lot of billionaires per capita. Also, trust me! I’ve worked with people who are millionaires and they love their luxury brands as well. For f sake, they have the money! Lol
The video is well organized but I think there are too many nuances that are missing. LVMH also owns Sephora and Hennessy so they have a reach here several different segments of consumers. Each brand has a different market they are trying to reach and luxury has its own levels. Different products they are selling also connects to a different client segment. Sunglasses, accessories, and handbags are usually reaching an aspirational client who wants to flaunt their wealth with easy indicators and items they can use repeated while as ready wear clients are usually wealthier and have the ability to buy a 3k sweater they will only wear a few times. Louis Vuitton and Gucci are going to appeal to the masses because they are super recognizable but different brands such as Loro Piana don’t have the same approach. Luxury in itself and has too much nuance to put such an easy blanket statement on it as you did and I think it’s something to consider. As a luxury client advisor myself most people who work luxury retail have that attitude because those in the lower and middle class are the worst people to work with because they act like they know everything about the brand but can’t afford it. They will try to return items, they will spend hours in the store, they will be rude and disrespectful to you so it’s not worth our time to spend hours dealing with disrespectful clients who can’t afford it and as a result we are more reserved with our energy. Hundreds of people walk into the store everyday and we have learned that putting our all into everyone isn’t worth it. Especially when these people act like they are above you when quite often these sales people make a decent living.
UHNWI and HNWI certainly buy luxury … not everyone will recognize the brands but they spend a great deal on their homes, transportation, food, vacations and hobbies.
If you are intelligent just leave for a job that uses your talents. If you are stupid quiet quitting is a road to homelessness and an Incel life. Let's be brutally honest here. Most people are rather stupid. You see it everywhere. As jobs dry up I see the future for many quiet quitters as canon fodder in the military.
Gen Z are buying liability and consumables instead of assets . Buying useless degree instead of good job . Buying experience instead of investing for future . After all getting born in the first world and be the 1% of the world and still find a way to get in trouble
Misleading. You think the VIP clients at Hermes and Chanel are broke just flexxing? You clearly do not know much about these luxury fashion brands. Of course there are wealthy people that don't like to show their wealth in materialistic goods, but the broad generalizations are not correct. Ask any sales associate at these high end boutiques in any major city - their clients broke college students in debt to million/billionaire executives and their spouses.The client buying the gucci bag and the client buying the hermes couch are NOT the same socioeconomically.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
You know a lot about luxury accessories and bags. It is obvious that you have conducted due diligence and the comparison information with the United States is very rich... I live in New York, thank you very much. I like *luxdups*
having a bachelors degree makes us more disposable to employers they assume we have more opportunity than we do which in the US...a bachelors degree is not competitive enough. unless you are a corporate intern with connections and experience its literally a long shot.
I was a huge believer in Roth IRA but the government is planning on taxing it in the future so I would just use a traditional account and not use the 401k or any other retirement account you don’t have full control over.
Not everyone wastes their money on Billy Joel concert tickets! Wrong of you to assume this. Not everyone wants to waste their money watching a rich person sing a few notes. You are wrong to stereotype us.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
i think this should be titled “budgeting when you’re middle class” bc talking abt coffees, ubers, eating out all the time…yeah we aren’t in the same situation
"So many Baby-Boomers did everything right. They went to school, they got trained, they job hunted and they advertised themselves. They did it all and now they can't understand why they are the brink of poverty." - Barbara Ehrenreich 1940-2022, America author, journalist).
The expected returns on U.S. equities are only 4.3% and on international equities are 7.7%, before accounting for taxes, inflation, and fees. Don't expect to get rich quick from investing.
Yes but rent can go wildly up each year where a mortgage payment will stay the same. I am trying to make this decision in a few months when I move back to Ohio. I really hate renting.
They post fake job apps because its required they do that (advertise) to get permission to hire H1Bs. They have to post fek ads to be allowded to bring in Indian workers.
Brother I have a question do these websites require a verified PayPal account with credit or debit card in them cause I’m a teen and I don’t have a credit or debit card
Your stats a logical, but you forget the fact that the stock market has had the greatest decade ever in history. If the young generation can’t afford a house, why not invest to grow their wealth? Owning a house is not the only way to build wealth.
