r/Millennials • • 9h ago

Discussion Are you tired yet?

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u/Beneficial_Layer2583 9h ago

I’m not tired of working, but I am tired of being poor despite the fact that I’m working.

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u/Aromatic-Taste2516 8h ago

That’s the difference between us and older gens. Not the working young. The fact that it got us nowhere and it got them houses and cars and such.

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u/Doc_Shaftoe 7h ago

Well it's definitely our fault. I mean we're obviously the ones who chose to be born after a singularly prosperous period in human history that led to vastly expanded wealth and opportunities available to lower- and middle-class households. What we were thinking?

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u/ssliberty 6h ago

Plus avocado toast apparently crippled us

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u/ialwaysdisagreewithu 6h ago edited 3h ago

Born in 88, working since 9 years old, on my own since 16. I lost everything in Hurricane Sandy, including my job. Started working at a cookie store for minimum wage in April 2013, and have never made more than ~$60-70k.

Landlords and renting practices are horrible, even in cities where tenants are protected, in cities where a huge portion of the central city housing is co-ops, like NYC, there are insane financing rules.

Costs of commodities has done nothing but increase, medical bills have gone up, and insurance fucks with you and of course is tied to employment.

I'm currently a millionaire, because I invested my money diligently and continued to do so the entire time, especially considering 2010 through today has been one of the biggest bull markets in history. Compound interest is a beast, so DCA combined with some small bets on speculation have led to massive windfalls.

Unless you dealt with major medical issues or caring for family members that aren't children (condoms were invented hundreds of years ago), there's no excuse for being destitute when the opportunities were there.

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u/Venusgate 3h ago

"Poor? Why not simply gamble and choose the winning bet? There's no excuse to remain poor!"

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u/ialwaysdisagreewithu 2h ago

I don't understand basic broad-market investing and diversification so I'll just call it gambling to make myself feel better.

FTFY.

You could just go to investopedia and read the first few pages, but that's too much work.

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u/Venusgate 2h ago

Someone has to lose for you to win

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u/ialwaysdisagreewithu 2h ago

That's not how the market works, but go off king.

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u/Venusgate 2h ago

Sorry, i don't believe in money fairies and trees. Someone has to pay you when you ask to turn in your shares.

They have lost value by giving you more money than you gave them.

Whether that value loss comes in the form of bad trades, inflation, or socialized losses doesn't change the fact that you were gambling to not be the first one. And the rest of us are gambling not to be the later two, against our will.

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u/Neon_Biscuit 6h ago

And the fact boomers don't sympathize with that fact

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u/whichwitch9 3h ago

I will say this: while I don't believe kids should devote all their free time to working, I will say I do think kids should at least have a part time job at some point in high school. There's a huge difference between the people who have and haven't from our hires. We pay a fairly good entry wage, but the amount that struggle with it being their first job out of college is absurd, and largely because they cannot interact with clients. The worst are those who come with masters degrees and no work history. They just lack people skills entirely. It's very frustrating cause we can't exactly teach that

We needed better balance as kids, but there was an overcorrection to the opposite. It's not just money- it's learning how to navigate a work environment (and shenanigans- I had a couple jobs I truly enjoyed as a kid for various reasons)

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u/DeficiencyOfGravitas 6h ago

Gots me everything I ever wanted, I can tell you that. Happiness ain't in things you know.

My bank accounts summed over 100k this week and it made me realize a lot of stuff. Firstly, that despite beginning a career at 30, I am not a loser. And secondly, a lot of people I thought had made it, haven't.

Things are harder now, yeah, but there are always winners. And losers. Who you are depends on who you are, if that makes any sense to you.

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u/Aromatic-Taste2516 6h ago

Annnnnd exception proves the rule. MONEY DONT BUY HAPPINESS BUT I DO GOT 100K THE BANK. Take that humble brag back down the lane, pal.

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u/DeficiencyOfGravitas 6h ago

I'm not saying I'm happy, but I am saying that being a total loser is a consequence of your choices. I fucked up the entirety of my 20s. But I made some choices when I was 30 to unfuck myself and now I have money.

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u/Aromatic-Taste2516 5h ago

Care to share how?

0

u/DeficiencyOfGravitas 5h ago

I'll be blunt. Military service. The military attracts all kinds of people, but if you're capable, you'll quickly advance.

Ignore all the propaganda, for or against, and you'll understand that it's a government job that has regular promotions and a pension.

For what it's worth, I belong to a non-American military.