(03-13-2021, 03:24 AM)JaG4LyFe Wrote:

(03-12-2021, 08:55 PM)Bchbunnie4 Wrote: You’re right, that is the key to investing, and there’s a difference between investing and day trading. I don’t know anyone that’s pushing day trading as investing, especially not on here. 

There is a whole industry that treats the stock market like a casino, and people do get rich from it. Some people make a little money from it and some people end up losing. It’s the way of the world. Winners and losers. As long as you know that going in and are smart about it, it’s no difference that heading to Vegas. Play with what you’re okay with losing, and hopefully quit while you’re ahead.

So wait a minute there? I got a second mortgage, car title loan, a zero percent apr card to transfer all my CC debt so I can load up a cash advance on all my cards, all the while supporting my culinary arts degree with advanced ramen cooking. Are you trying to say that I'm doing this wrong?

I know you are being facetious, but that is actually a pretty interesting question when you think about it.  

With the caveat that there are a lot of people out there who are struggling to make ends meet, and I don't want to come across as an arrogant prick (any more than I already am), here is my thinking.   Beyond being a really great person and giving your wealth to charity, or to your kids in an inheritance, if you really want to think about your own life, and how to live it to the max, you have to realize, money that is not spent is useless.  It's just a number.  You've wasted your time accumulating money if you don't spend it.  The value of money is that it can be traded for stuff, or great experiences.  If you die with a fortune, that fortune is wasted.  Money is for spending.  That's all it's good for.  Borrowed money is even better, because you get to spend other people's money on yourself.

Borrow to the max, spend to the max, die with nothing.  You win.

Life is short, so max out your credit cards and go take that advanced ramen cooking course.  You could make a case for that.

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