My Vanguard portfolio dropped roughly $120,000 yesterday 🔴
I didn’t make a single change.
Behavioral discipline is the most underrated investing edge on the planet.
The way the internet has responded to this is so wild to me
Turns out there’s a whole generation that doesn’t believe they can ever succeed in life so they just YOLO their money on stupid shit like DoorDash
Meanwhile I’m making 10x what they are and I’m making lunch and meals and NOT doing DoorDash
Sacrifice is literally how I saved $200K to be able to get a home
It took me over a decade to do that
Entitlement and lack of delayed gratification is destroying a whole generation
How did we get here?
Here's your harsh truth:
Inflation isn't the problem.
You just think you're entitled to every luxury.
- You don't want to live in a 1000 sq ft house, it has to be 3000 sq ft
- You need to drive a new car every 4 years
- Vacation has to be at a nice hotel with room service
- Dinner has to be Door Dashed because you're tired
- I need a new iPhone every 18 months
- Everyone goes to Disney World, so I deserve to as well
No you don't.
Make more money or be quiet.
You're not entitled to eat out every day.
Growing up, we ate out 2x a month, and it was a bag of burgers and a few large fries we split.
"We shouldn't have to live like they did in the old days"
No luxury is an entitlement.
You still have to put in the work to afford it.
Honestly ,
Having large amounts of money, just sitting in a checking account is not a flex at all. It’s just sitting there, it’s not doing anything for you.