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A comment on I am done. I give up. Parent comment

Re:I am done. I give up by JakeAl on Friday December 23, 2022 @04:52PM (#34111009)
The takeaway I got from him was positive. First, start buying real estate and renting. THEN, with that financial security try to build a business of your own if you are motivated. The first part is hard to fail at, and you can do it while working a full time job.
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Re:I am done. I give up by Kye on Friday December 23, 2022 @06:04PM (#34111631)
Step 1: have enough money to risk some on real estate in an already overheated market

This is precisely the kind of advice that's the problem.

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Re:I am done. I give up by KETpXDDzR on Monday December 26, 2022 @07:09PM (#34143350)
He also mentioned that property is a liability, not an investment. I guess many property management companies would disagree.
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Re:I am done. I give up by theteapot on Wednesday December 28, 2022 @10:20PM (#34169070)
> THEN, with that financial security ..

Nah, you'll just mooch off your stable unearned, unproductive income source for the rest of your life. It's called rent seeking -- https://en.wikipedia.org/wiki/Rent-seeking and it's the absolute core of the disease that is modern capitalism.

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