It's crazy how only 5% of young people aged 22-30 years old are making good money and the other 95% are basically...

it's crazy how only 5% of young people aged 22-30 years old are making good money and the other 95% are basically making nothing and 1 paycheck away from homelessness

is it crazy? I thought it was by design

Skill issue, should have paid attention in school buddy

good

if you look at the larger society
5% of society is rich and living comfortably
95% is overleveraged and living in precarity

the majority will always be retarded slaves like (you)

It really isnt as simple as that. I understood you had to do well in school and get a STEM education, but guess what? I was too dumb to even do high school level mathematics or biology, so I was fucked before I even started

You need at least a decent starting IQ for that route to even be possible

The only other option left for people like me is

1. running our own business
2. getting lucky trading (gambling basically)

and the shittiest option of them

3. getting a low paying wagie job

The world was never fair.
At least you have the "choice" of not working. Two centuries ago you'd have a considerable probability of being born a slave and not even having this choice.

Actually having social skills and connections is a much higher predictor of success than IQ

Correct. Insufferable high IQ people don't get hired unless your skill is SO niche that they literally don't have another option.

I've never had a "high paying" job (i.e. above average - now about ~$53k) until literally a few months ago, I make 56k/yr now.
I realized pretty much immediately after turning 18 that investing was not optional in this world - those who don't participate in the market simply do not /make it/ - so I've always prioritized cutting unnecessary expenses and investing the difference.
Really my biggest regrets have been not studying markets while I was in highschool and not holding onto my investments that I did make for a long time. I held bitcoin at a cost basis of 8.6k and AMD at $20/share once upon a time. Granted I was like, 19, so it was only a few grand that I had saved up. It wouldn't explode into any crazy amount of money, but had I simply almost forgotten I made those investments, my 2k in bitcoin would be 23k and my 3k in amd would be 16k. And of course, continuing to DCA my paychecks would've only helped.
I'm wiser to that fact now, I hold onto investments for 5fig gains and I still worked shit jobs while doing it. And you know, it's really easy actually. I just watch for days where the market is irrational, where megacap stocks are underpriced, or bitcoin is under 90/100k. Feb-Apr was a good opportunity to buy all sorts of shit like Apple, Nvidia, etc etc. I think UnitedHealth is one right now too. I just buy, and I forget.
That simple thinking has pushed me into not needing to worry about money for emergencies or retirement. It's very comforting.

inb4 it's all luck

well, yea. But nonparticipants are guaranteed to lose regardless, so..

this
id trade 10iq points to be a social god

Just open a credit card anon
That's what my brother did. He got a credit Jew and just didn't pay it. The fuck are they gonna do?

Bad goy! We're closing your account!

You mean the one he wasn't gonna pay?

Well uhh... We sold off your debt and this third party will harass you

Sounds like a whole lot of not my problem and that's psychotic.

They're really mean

You know I can just block incoming calls right?

Well ya can't block a lawsuit threat!

Really depends on the amount as paying a lawyer gonna cost you a few grand so let's say this is like 10k... Ok... Where are the original documents? I ain't even gonna hire a lawyer, imma just respond I wanna see the original contractual obligations or I'm filing a cease and desist upon this schizo third party

UHHHHHHH well it's wroooong

I literally don't care

Really the only thing my brother did wrong was use the fake goy points to buy stocks. He should've bought coke and bitches with it, stuff they can't claim back. Had it gone to court they'd prob just want his stocks not even a number.

here in eu its worse as the creditjew can send it to a government collections agency thats allowed to steal your income and sell your house or car if you have any

oh and here they are real dicks and will send even $20 there. it goes so that if your payment of a bill or loan is late its first sent to a private collections company that can just nag at you and collect hefty interest and finally they go to court and get it to the government collections agency which then has proper power to fuck you over

I think this is how you end up in prison and not able to own a bank account or any assets in your name ever again, it'll all get garnished if the system ever sees any asset in your name

idk about usa but here you wont go to prison. you'll just have a real hard time renting any place to live in because they want to check your credit record first and indeed you wont be able to own any traditional assets. and additionally that lawsuit they got? well its you who will pay the costs in addition to the robbery tier interest they slap on top of everything. there are still ways, you might be able to rent from the government and if you live strictly of social security they can't really take anything but you're fucked if you ever want to work or save or anything like that. could probably run to another country though

So all that... just to dodge paying off a $5k-10k credit card?

kek, I guess some people really dont value their life

yeah and many people aren't intentionally dodging but are financially too fucked to afford it and get raped the same way anyway

Worlds never been fair, most of people are just NPC's most of them still think that getting a wagie job and taking bs from your boss during 30 years is going to ensure your future, they should put that into an NFT and try to make some money out of it to stop taking those shitty jobs

but today if you do work a regular 8 hour job, most jobs wont even help you to rise finanically above those who dont work a job at all, at least thats the case in germany with its expansive social security net. which marginalizes your gains, putting you on the same low status as those, who dont work.

it's crazy how only 5% of young people aged 22-30 years old are making good money

I wouldn't say it's good, but I don't worry about anything sustenance-wise. Rent gets paid, water and electricity gets paid, I never go hungry.

lose credit score

can’t use credit to buy a severely underpriced home in upcoming housing crash

Credit is unironically a measure of IQ. You’re wasting such a valuable tool to buy overpriced crap instead of using it to buy underpriced assets when the time is right.

you need a high paying stable job for that anyway. for us with the losing cards its better to cheat the system any way possible

This is why I'm trying hard to escape the Rat race with my investment on AI agents like Ai16z and A47.

and how do you expect to consistently outperform your cash advance rate

Yeah and throughout history the people who mattered were overwhelmingly a teeny tiny sliver from the most elite of the population.

If you're not it then you don't matter and it can seem like successful people are a bigger portion of the population because they're who you pay attention to. Same with women wanting a guy 6'2"+ making $250k with a good dick and a full head of a hair and not obese and claiming the standards are not too high despite that being like 1 in 10,000-100,000

that's because the u.s. is being fucking hollowed out. it pretends to be captialist but it isn't. big business rules, and the government runs massive deficits to pay off nigger tier gib fucks. everyone of our cities has feral niggers running around.

it's not even fun to be rich here and have a family because you are surrounded by serfs and 3rd world fucks. i'm moving out of this fucking country.

Also They will try to settle with you for "pay to delete". i had about 15k cc debt and they ended up mailing a letter stating they will settle for around 2k in 3 payments. I don't get the fear surrounding unsecured debt. even if it went behind a judge, and you showed up to court, they arent going to throw the hammer at you. usually the judge is lenient enough not to garnish or levy you the first hearing. and the creditor's lawyer is going to try to negotiate with you prior to the proceedings. and thats if they even show up.

insufferable

If you guys ever wonder why the roads always have potholes now and bridges are falling apart and every government is staffed with retards, this is the reason why.

Brainlets shouldn't exist at all.

Its true in any demographic. And of those 5%, only 1 in 5 is elite. Always been true, always will be.

Some nice AI coins you have there

I live with my parents so it's not really a problem

It's funnier when you realize it was like this 5 years ago, and now 35yos who were 30 back then are one paycheck from losing their mortgage. What a great system!

Yup yup.

t. college business degree holder mopping floors because I cannot speak to others

Why does it fucking matter? All anyone complains about is "muh wages suck". Just adapt your lifestyle to fit it, make sure you have £200-£500 at least to put into stonks, pick some good ones, and do it every month for 25 years - congrats, youre rich despite working a shit job lol

I was successful at 20 then lost it due to drugs. Im 30 now and broke

Let me tell you when I was 20 and successful girls were really interested in me when they saw what I was doing in my spare time. People were more interested in me. People love it when someone is dedicated and good at something they do and earn money from it

Now people feel sorry for me because of my backstory and my lack of motivation after coming off the drugs.

People think people get lucky when they get rich from nothing but most of the time theres an obsessive desire that other people cant commit to

I wanna get back there I cant wage in shit jobs all my life. my brain wasnt made for it

I hate to say this buddy but the number on the screen is not a cash flow. That 200k is just 5 years of basic living expenses in any American city.

Owning a house outright and working for a living is like winning the lottery for most people. If you run that a mil you've only bought yourself some time, though this depends on if you're willing to expatriate - then 1m can retire you and provide liquidity for more investing, but in America? You're pretty much still in the goy trap. Living expenses and taxes will obliterate $200k before you can blink twice.

to..... where you bumfuck

They’re in this situation BECAUSE they paid attention in school. Teachers havent known shit for decades