this post was submitted on 18 Aug 2024
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Very helpful advice for anyone who can't afford food presently and had in the past lived within their means. Saving up beer money for a month could get you, what, 1 gram of gold at best?
Instead of your plan, poor families should have put any extra savings into S&P500 index funds every year, forgoing a smartphone, any celebrations, gestures of good will, and occasional comforts of life (and not to mention any unexpected big expenses) to feed market forces. They'd be in a great spot today for sure.