Reply to How is it "easy to make money"?

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Reply to "How is it "easy to make money"?"

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[quote=Anonymous]"Barely making a livable wage" suggests suboptimal career choices.  If you were/are qualified only for poorly paying jobs that's the first place to examine - why is your earning power low?  Did you choose to major in fields knowing that jobs in those areas are not usually highly compensated?  Did you not perform well academically?  Have you failed to prepare for and to seek out promotional opportunities, for whatever reasons?  Are you not high performers in the roles you do have?

Compensation from employment is usually related to the field you're in and your performance within that field.  You may want to change your career paths.

You also have to spend much less than you bring in, in order to have assets to invest for the long-term.  Choices about where to live and other expenses within your control will greatly impact your ability to set excess funds aside for investment.  If you pretty much spend all you bring in, you'll never accumulate much wealth.  As others have noted, compounding eventually can provide significant portfolio growth, but for that to happen the amound being compounded has to be sufficiently substantial and you need patience.   [/quote]

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