Quote (Budgeting @ Jun 8 2021 11:28am)
focused on 1 part of my sentence. new skill could also be additional education so they dont have to work the low-skill set retail job.
look at whats going on with WSB and retail investment community. with the time on hand, people learned to invest or get involved in the market and could take that further. if they are disciplined and develop their knowledge further why not invest full time if they can make an equivalent, if not more, for less overall time worked. the key is not to work more, but to increase earnings per hour and maximize other freedoms.
i agree with you that it may not beat the returns, but, supplementing investing with monetizing a hobby that people enjoy doing might be more worthwhile than working and dealing with shitty customers + bosses lol
fyi, my buddy started wood carving and invested in a 3-d print machine to help him out and sells wood signs, tables, etc. he's starting to pick up. will check back with you how he does in 1 yr, although, he does work full time as an engineer and has no plans to exit his job right now so not the demographic we are talking about lol
While i hate hedgies i cant view WSB as a positive thing on the whole. for every moonboy lambo driver there's 10 bag holders or people who just scraped out a modest profit.
i have an IRA, that i put into DCA style, and havent touched it in years. and i pick the occasional stock and invest in crypto. but if u dont have a DCA style 401k you're risking your future imo.
i turned my gardening hobby into a side hustle, so i agree. and i want to work entirely for myself someday, but a big part of that is my IRA backup that i started very early. i can retire at 45, not touch my IRA until 65, and even if there's some lean years im protected in the end game. but i completely agree that retail/fast food work is 100% shit, not to worry, it will be automated from existence soon.