/biz/ - Business & Finance

>>892356
So then I'll subsidize the people that do. When (not if) I have a financial emergency, I don't have outstanding liabilities in any form to worry about. I don't have leveraged positions where I'm making this percent from that account which cancels out this percent interest from this account. These are the same people that cry the sky is falling whenever the casino stock market tanks.

The 'if you can't beat em' join em' argument just doesn't gel with me as far as that goes. I believe the best way to win that game is never play it to begin with. That philosophy has yet to fail me in over 16 years. It also never failed the person I learned it from in his 75+ years of life. It's a recipe to not have 'oh shit!' moments for me, personally. A transmission blowing on a car, new roof/foundation issues on the house, a newer car etc are all minor inconveniences. Going back to school? No problem - pay each semester cash outright. Nothing more. Yes, life is a little slower and modest. The most important thing: it's sane. I don't worry what this or that stock price is or what this or that APR is - or what new rotating spinny-do rewards category to use next. Stress level is and will remain at 0.

Yes, it can enable people of modest means to build a business. The same can be said for real estate income. However, both can be accomplished by hard work, responsibility, personal sacrifice and well executed planning. These concepts are almost taboo in our culture at this point.

>I want it now!

>>892361
Apples to oranges. I'm talking about personal finance. Business wise - an investor bares the loss of that business generally speaking. It doesn't bankrupt the founders of it personally should it go belly up.