People will buy a brand new car (liability) that loses 20% of its initial value after driving off the lot…
And then be afraid to buy stocks (asset) that are on a 20% discount.
This is why people stay broke. 🤦♂️
Every trader should be SAVING SAVING & SAVING right now!
Take the next 4-6 months and do not waste your money on anything "Materialistic". If we do go into a Recession, $100,000 could easily be turned into a million in the Stock Market.
A Watch or a Car isn't worth it right now
The number 1 mistake most companies have made over the last 40 years is the mistreatment and underpayment of the individuals that work for them.
We are going to see one big company collapse in the next 7 years because of this.
My Advice for those entering Adulthood:
1. Focus your Energy
2. Guard your Time
3. Train your Mind
4. Train your Body
5. Think for Yourself
6. Curate your Friends
7. Curate your Environment
8. Keep your Promises
9. Stay Cheerful & Constructive
10. Upgrade the World
Good Luck!