Self-investment problem.

GTFO_Lmao · 2021-02-16T08:46:22+00:00

I don’t see anything wrong with it. Material possessions are nice but they only bring temporary happiness. I mean I only buy gym shoes when I blow them out and need new ones.

Consumerism is kind of a sloppy way to live. We spend money on dumb shit we never use. Like I wonder why I even bothered buying Blu Rays when I rarely watch anything more than once.

Stocks are crypto can be called investing. In reality it’s called gambling, especially crypto. Crypto is 24/7, the markets never close. You can lose your ass really quick.

There is nothing wrong with keeping a stockpile of money bro.

MGTOWch · 2021-02-16T09:02:30+00:00

Don’t buy if you have no real need. Buy if maintaining what you have is more costly in time or money.

It’s good to think twice about buying something, but there are time when maintaining something just for the sake of not puttin money, is actually detrimental to you. Maybe you have a shitty pc and use it everyday ; then buy/make a new. Your shoes have water issues, buy new.

You have one life, it’s up to you to make a good balance between retirement money, investment money (consider it lost), piggy bank money and what you need every month to live, according to your needs and what you value.

AutoModerator · 2021-02-16T14:41:42+00:00

I am of the impression that that this is your subconscious response towards the rejection of consumer culture. It’s quite natural and if anything you are checking yourself before completion of transitions in this culture.

This is not a bad thing.

daddylonglegs72 · 2021-02-16T10:22:49+00:00

First and foremost, I think you are doing great! Living in a poverty mentality is a real asset in our consumerism world. You will be so much more ahead than those who are spending everything they make or more. It is your relationship with money no one else's, so if you don't feel comfortable buying something then don't. You don't have to.

It would be good if you could get a better return on your money through some form of investing though. You mention crypto, stocks, metals, etc...do you think real estate/rental properties are a waste of money? Or some other really conservative investment? Bonds perhaps. Either way if you just let your money sit in a low interest rate yield at the bank or some other investment, it needs to be what your comfortable with. Because its your money.

Zilo88 · 2021-02-16T11:55:09+00:00

You're miserly. It can be a good thing, depending on how far you go with it.

MajIssuesCaptObvious · 2021-02-16T15:35:41+00:00

Money loses its value with inflation. Invest!

Solo_and_Simple · 2021-02-16T16:50:24+00:00

Whenever it comes to spending money on myself like for example, buying a new hardware for my PC, or new clothes, or new gym accessories, something blocks me from actually spending money on these things... I will always find an excuse for why I shouldn't buy something that I feel I need... I will always find an explanation and tell myself that I could I live without things I previously wanted...

I have a similar "problem." I put "problem" in quotes, because I'm not sure it's a problem, or at least not a big one. I'll share my situation with you. It's not exactly the same as yours, but maybe you'll find some commonality.

If something costs a few hundred dollars, I can buy it without worrying too much. I'm different than you in that regard. You mentioned stuff like PC hardware and new clothes. I don't have a problem buying that sort of stuff, although I will still shop for bargains, and I don't have expensive tastes.

However, if something costs a big chunk -- a new car, let's say, or a better house -- then I have a hard time going ahead with it. I can afford it, but I am reluctant to spend the money.

Part of that is my history. I've spent decades living simply (thus my user name), and that paid off nicely for me (e.g., kept stress and complications low, enabled me to retire early). At this point, simplicity is an integral part of the lifestyle that I want to live. Spending lots of money, or getting drawn into materialism, is antithetical to that.

Part of it is understanding the research that shows that buying a better car or house isn't going to make you happy -- not for more than a little while, anyhow -- and that people who are materialistic (who think happiness lies in possessions) tend to be unhappy and discontent.

And part of it is my preference for financial security. Although I could afford to spend tens of thousands on a better car, or even a hundred thousand on a better house, I would rather have that money in my investment accounts. It gives me a feeling of security. It's protection against possible calamity.

I would feel differently if I were unhappy with my house or car, but I'm not. If I were truly unhappy with those things, I'd buy better ones. But I'm content with what I have.

I guess I'm fortunate, in that it doesn't take a whole lot of material possessions to make me happy. I think this is a good thing.

Aussie_Chart_Trader · 2021-02-17T00:58:33+00:00

You said it. Scarcity mindset. Cultivated during your childhood.

Powerful_Pudding3403 · 2021-02-17T07:34:58+00:00

Get a financial attitude "adjustment" by watching some Dave Ramsey videos. He tells you how to get out of debt (and stay debt free), set up an emergency fund so an accident, a broken car, a lawsuit, a leaky roof, will not force you on credit cards nor bankrupt you. He also tells you the RIGHT way to invest and to maximize your returns.

Please, dont blame these issues on something that happened "the worst in this country" 80 years ago either. That's just inventing something to neutralize your emotions with. My grandfather grew up in the great depression and saved margarine containers and was a hoarder...if anything I didnt want to be like that (he raised me most of my childhood).

Crypto is a funny thing. I thought Bitcoin was a scam at $20, but bought and mined at $50, sold or lost it all (still 6 out there someplace) but theres NO WAY I would have had the control to keep it until the $50400 it hit recently, I would have sold at $250.

Dont daytrade. 90% of daytraders make minimum wage and are risking tons of money every moment. I know, I was one. You can NOT beat the trading bots. Forget about it.

If you arent educated and active in your investing, then expect no huge reward (most people make under 6% after taxes, inflation and cost of living increase). You could get a nicely-managed fund from Vanguard (stay away from most ETFs, as their fees are remarkably crippling). $VYM is up 17% for me in 9 months, $VIGI up 25%, and other stocks like utilities dont grow much but they dont go down and they pay dividends, mostly every 3 months ($WEC is about $0.65/share every 3 months, $T is less but never went down despite share price nor poor profit). Best to speak to a financial advisor, a FIDUCIARY - they are by law to represent your interests. Need to tell them you're not interested in marriage and you want to retire by age X, and have X to spend every year etc.

It's a complicated problem that can be made very simple with help.

Skrimps · 2021-02-17T13:45:29+00:00

I have the opposite problem lol, I spend too much on personal pleasures. So maybe look at this as a good thing bro.

Title	Self-investment problem.
Author	hydromarine
Upvotes	1
Comments	15
Date	February 16, 2021 8:27 AM UTC (5 years ago)
Subreddit	Posted in /r/MGTOW2
Original Link	https://old.reddit.com/r/MGTOW2/comments/lkzipc/selfinvestment_problem/
Archive Link	https://theredarchive.com/r/MGTOW2/self-investment-problem.802147 https://theredarchive.com/post/802147

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