Re:The New 30-Something
by esotericn on Monday March 04, 2019 @07:01PM
(#19306920)
It's not about "investment".
The opportunity cost of doing things when you're at a low wealth level is enormous.
The obvious example would be to consider the gap between being homeless with $0 and being homeless with $5K.
Your earnings potential just essentially went up by an infinite amount because now you can rent an apartment, get a job, perhaps buy some study equipment like a computer or whatever, and suddenly that $5K can be well north of $50K.
This isn't stock index tracker stuff, this is home economics.
The opportunity cost of doing things when you're at a low wealth level is enormous.
The obvious example would be to consider the gap between being homeless with $0 and being homeless with $5K.
Your earnings potential just essentially went up by an infinite amount because now you can rent an apartment, get a job, perhaps buy some study equipment like a computer or whatever, and suddenly that $5K can be well north of $50K.
This isn't stock index tracker stuff, this is home economics.