/biz/ - Business & Finance

[Anonymous No.58459392]

Boomers really used to believe that opening a lemonade stand or mowing lawns would help you buy a house one day.

[OCPD No.58459394]

>>58459392
Cry more, slave. You won’t do shit about it, which is why you deserve to be exploited. Outside of modern healthcare, your quality of life is worse than that of a helot 3000 years ago.

[Anonymous No.58459399]

>>58459394
Get your estrogen checked

[Anonymous No.58459403]

>>58459394
trvke

[Anonymous No.58459424]

>long, long ago
>get allowance from parents
>a dollar for every year old I am every week
>told that I could save the money instead of spending it every week
>open bank account
>start saving
>at around the age of 10 parents take me to the bank
>show me that I've saved $1,000
>said they were proud of me making smart decisions
>keep saving allowance until I'm old enough to drive, work, etc.
>one day go to bank to check balance in savings
>expect to have thousands of dollars saved up
>just a thousand and some interest on it
>they stopped putting my allowance money into my bank account and just started pocketing it instead
>rather than teach me the importance of saving they just taught me that I might as well blow my money because someone is going to steal it anyway

[OCPD No.58459445]

>>58459424
My parents always said “money is meant to be spent. If you just keep it in the bank, it’s only a number. But if you spend it you can actually do things with it.”

Would you teach this to your kid?

[Anonymous No.58459447]

>>58459445
Nope. That seems like another extreme.

[OCPD No.58459455]

>>58459447
I had to explain to my parents what an investment is at the age of 24. They thought that buying shares means that you have to go to the trading floor every day wearing a suit and gambling with your money.

They also told me to buy a house because “house prices only go up” (sic).

[noko No.58459480]

>>58459445
This is good advice for autists and savants, whose baseline is inhibition to a fault, but for the average normie they need to be instructed to squirrel. Civilizational burden of the everyman spending beyond his means is just unmanageable, whereas geniuses in debt are a good thing

[Anonymous No.58459557]

>>58459455
That is very unfortunate. Also checked.

>>58459480
Why are geniuses in debt a good thing?

[Anonymous No.58459566]

>>58459392
boomers made lemonade stands illegal

[Anonymous No.58459575]

>>58459557
It puts their feet to the fire if they're lazy, and it also the single best way to use money - give it to a smart person to spend

[Anonymous No.58459589]

>>58459392
It did help them buy a house, before they let the greed get the best of them and became the first generation in history who began treating housing as a speculative investment. Back when boomers were young a starter home in the city or suburbs cost about 1.5x the average national salary in most countries. I have heard a lot of boomers say that they bought a starter home, rented it out, lived with their parents for 2-3 years with minimal expenses and then paid off the whole mortgage on their first home right out the gate in their early 20s. It’s incredible how easy they had it, but it still wasn’t enough. They had to max out every nations credit and leave their children with trillions in debt. Most destructive and selfish generation in recorded history

[Anonymous No.58459607]

>>58459575
There is no efficient way presently to allocate money to geniuses. The best that we have are a series of crapshoots that tend not to select geniuses.

[Anonymous No.58459625]

>>58459607
>There is no efficient way presently to allocate money to geniuses.
I'm not saying there is retard I'm saying geniuses need to be persuaded to take on serious debt because they'll do magic with it

[Anonymous No.58459745]

>>58459625
How are they going to take on serious debt without collateral?

[Anonymous No.58459747]

>>58459392
It was that easy to buy a house in those days tho.

[Anonymous No.58459935]

>>58459392

[Anonymous No.58459947]

>>58459392
Way to be intentionally obtuse. It’s not about the nominal amount that you earned as a kid selling lemonade being enough to be able to buy a house - that never was the case, even in the “golden era” of the western economy. It was about instilling solid entrepreneurial values in people from a young age and encouraging them that continuing with the same attitude and level of graft later on in life would reward them.

I can agree that it’s probably not as easy as it once was to simply get out there and buy a house, because:
>a) lobbying and government regulation has made the environment for starting a small business outright hostile,
>b) people are more risk averse now and would rather work for a corporation,
>c) an extreme amount of consolidation has occurred so the market is effectively cornered by a few large mega-conglomerates,
But the idea behind getting out there and being savvy rather than wasting your hours working for someone else still has merit. Running your own show is probably one of the few ways that an average person can get ahead.