I thought the millennial aspirations were a bit extreme, but as a millennial I get it. We had the Great Recession, outrageous prices for college, home prices are out of control.
And I say this as a millennial doing well. We don’t even think about money day to day or paycheck to paycheck, and are saving enough to largely minimize or potentially mitigate our kids needing student loans. But I am still strategically thinking about money and what will happen when the next recession or financial calamity hits, or hyper-inflation wiping us out.
The cost to live has been trying to outrun our income our entire adult lives, so sure, fuck it, double our income then maybe we have a chance to sleep at night even when it’s going well.
I used to be in credit risk for a very large stock market company.
Calling the bottom of the market is the same as betting big and getting 21 in blackjack.
Super cool when it happens, but not skill. The number of grown men I had to hear crying because they were dollar cost averaging down to the bottom until they went broke still disturbs me.
I’m happy this worked for you, but it was not skill.