What I learned about what the poors mean when they say they can’t live on X amount, what they are thinking is just spending all that money on consumption. Their minds don’t even THINK about turning that money into more money with investing
Discussion
So when poors say “$1m is not a lot” what they mean is from a consumption standpoint. They aren’t investing any of it
Speculation is the highest form of making money. Most ppl can’t do it
Are we speculating? Only in the sense that holding dollars is speculating. I dont feel like im speculating in the traditional sense
Yes. We are 100% speculating and that’s a good thing. That’s the best way to make money if you’re smart and can control your emotions. The top 5% of humans . Ppl don’t understand the word and think it’s a bad thing bc they can’t do it successfully