Almost the entirety of any rich person’s wealth is invested, because rich people generally pay smart people to handle their money.
Damn, maybe poor people should just hire a full-time broker and give them the $20 they can spare this month and let that smart person invest it so they’re not poor anymore 🤓
Being poor in the US is a literal trap. It is intentional. It is exploitation. The lack of financial education isn’t the fault of poor people who grew up going to schools that could barely afford to run, and/or went to school hungry.
And once you’re poor, it can be extremely difficult to escape, bc the system is designed to punish poor ppl. Poor ppl sit on cash bc if it’s in a bank the money they need for food might get taken away bc of some bullshit overdraft fee or similar. I know bc I’ve been poor and know poor ppl.
Poor people aren’t poor because they don’t invest wisely enough. They’re poor bc the system is designed in so many ways to keep it that way.
Also rICh pEoPle dOnT Sit ON tHeiR MoNey ThEY iNvEsT it
Yeah, putting billions of dollars into stocks and letting it sit there is still hoarding wealth. Call it “investing 🤓” or whatever. It’s still hoarding, it’s still immoral and detestable.
You sound like you’re 17 and just started listening to Fox Business for financial advice.
Yeah, putting billions of dollars into stocks and letting it sit there is still hoarding wealth. Call it “investing 🤓” or whatever. It’s still hoarding, it’s still immoral and detestable.
This has no factual basis.
You seem like you think I’m attacking poor people for not having money to invest rather than making fun of people who believe the quoted statement.
Damn, maybe poor people should just hire a full-time broker and give them the $20 they can spare this month and let that smart person invest it so they’re not poor anymore 🤓
Being poor in the US is a literal trap. It is intentional. It is exploitation. The lack of financial education isn’t the fault of poor people who grew up going to schools that could barely afford to run, and/or went to school hungry.
And once you’re poor, it can be extremely difficult to escape, bc the system is designed to punish poor ppl. Poor ppl sit on cash bc if it’s in a bank the money they need for food might get taken away bc of some bullshit overdraft fee or similar. I know bc I’ve been poor and know poor ppl.
Poor people aren’t poor because they don’t invest wisely enough. They’re poor bc the system is designed in so many ways to keep it that way.
Also rICh pEoPle dOnT Sit ON tHeiR MoNey ThEY iNvEsT it
Yeah, putting billions of dollars into stocks and letting it sit there is still hoarding wealth. Call it “investing 🤓” or whatever. It’s still hoarding, it’s still immoral and detestable.
You sound like you’re 17 and just started listening to Fox Business for financial advice.
This has no factual basis.
You seem like you think I’m attacking poor people for not having money to invest rather than making fun of people who believe the quoted statement.