How to I accept the reality that I will never win the lottery, and the only way I can ever hope to have money is being a wage slave?
Become someone who makes and fixes things, rather than someone who sits in an air conditioned office for a living.
Plumber / electrician / carpenter / HVAC / concrete / etc.
People cry like a bitch when their hot water breaks. You bill them more per-hour than a lawyer, and they pay you with less griping.
That's $520 a year, and plenty enough to pump into a traditional or Roth IRA or mutual fund. Over 40 years at 5% APY compounded quarterly that's over $60,000. Up that to $40 a week, and it'll turn into a quarter million dollars.
Nope. My math checks out.
Study stoicism, read meditations.
Some of us are just destined to a life of work. This is what you must do, and the pain or pleasure of it should not even enter your mind. Just do what you know you have to do and don't complain. This will lead you to enlightenment, which will grant you the ability to do better things with your life.
Is this in actual money, or the estimated value of your portfolio? I only ever took introductory business and economics, so I don't know about these things. Investing sound no different from gambling.
Also, are there any "green" or "social responsible" funds I can invest in if I don't want to support fracking, GMOs, polluting rivers in 3rd world countries, and whatever else corporations do to make fast growth at the Earth and humanity's expense?
No. After 20 years with a $10/week investment you'll have roughly $16k. If you'd like to play with the numbers, use this calculator http://www.math.com/students/calculators/source/compound.htm
Based on historical figures of 8-10% APY (my portfolio has done 11-13% year to year) over the years in pic related, reduced to a ballpark of 5% to take into account taxes on either deposits or withdrawals depending on what kind of account you have, yes, these are realistic numbers. It is entirely gambling, but the yields are more predictable and favorable over the long term than other means of gambling.
There are "green" portfolio builders out there, but becoming personally invested in the ethics of every company in a healthy portfolio means researching hundreds of companies, and discrediting some of the most lucrative investments based on personal feelings.
But I know I saw the numbers. I said 10k simple because the return rate could be anywhere from 3-8 percent meaning an average of about 12k which I rounded
It's honestly a waste of time unless you're one of those small town or suburban 24/7 working fucks with nothing going on besides calculating your checks
But then again I'm a musician and get laid and paid a lot...
Go spend your life sitting in a truck cab and studying and investing for 20k LOL
Let me guess. Short hair, beard, baseball cap, you spend all day with yor hands in your pocket trying to look tough in front of your wife
Nope. I'm a CEO and make more than $20k in a month. I try to help people with the fundamentals of investing that brought me here, but for the most part, they're too short sighted.