Almost all personal finance I read about talks a lot about long term compoundment as a means to wealth. But I don't see the appeal of being rich by 60. What methods of profit, short term, that you can then automate excess earnings into investments do you guys use?
>>1593035
>don't see the appeal of being rich when I'm 60
Do something for me, OP. Please write that sentence down on paper, seal it in an envelope, open and read it on your 60th birthday and see if you still feel the same way.
I'll be here bumping this thread in anticipation of your reply.
>>1593042
I have a Roth IRA. I invest in index funds. I have a savings account. I just don't think it's as incredible as people make it out to be. Why the fuck would I want to be wealthy when I have terrible shits every day and can barely fuck and smell horrible and sleep early? I'd rather be rich by like 38~40's
>>1593035
when you're 60 you'll hate yourself
>>1593035
biopharm catalyst plays.
hit or miss with a giant upside.
>>1593075
>Why the fuck would I want to be wealthy when I have terrible shits every day and can barely fuck and smell horrible and sleep early
Because you'd have to be poor on top of that?
Because long term compoundment is a low-risk method anyone can follow. If you think you are a special snowflake better than others then just go entrepreneur route.
better to be rich and old than poor and old
>>1593075
if you stay healthy 60 is nothing like that, my dad just turned 60 this past month and he looks better than most people >50 that he does work with
Thanks for the responses everyone. I'm gonna continue to save but I also need to try ventures I've been mulling over