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Reply to "Is saving/investing actually a crappy way to get rich?"
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[quote=Anonymous]What other ways are there for MC or UMC folks to accumulate wealth for retirement besides saving/investing in the market? Inheritance, criminal activity, real estate, and lucrative career choices. Not trying to be flippant, but not everyone is suited to be a partner in Big Law or a successful entrepreneur. So over time you but quality stocks or ETFs, and stick with them. It is important to build the passive income off the investments. So even in times of 35% downdrafts in the markets, your passive income is reliable. Gives you solace to not sell during bear markets. [/quote]
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