The great Warren Buffett said, “If you don't find a way to make money while you sleep, you will work until you die.”
He’s mostly right isn’t it. Try to create a passive income if possible.
Precisely. However, not everyone is capable to make an income while sleeping, that's why a lot struggle in dealing and managing their finances not to end up shortage. But in all honesty, it's never the worth of the investment that becomes a problem, but most likely on the type of mindset that we continue to adapt even if we know already that it's not getting us the best advantage.
well to be fair, as you said, situation has changed, warren buffet probably is the right man in the right situation and at the right time, his mindset is good and worth following but not really a guarantee that we will get the same success.
the overall economic landscapes has changed, investing in stock requires big capital and it is rarely owned by people, so getting passive income from that only works for people that already wealthy enough that 5% capital growth means millions of dollars. for the rest of us, hardly we can have that chance. the only way is to take risk a little bit higher and do day trading turning our really small capital into somewhat worthy of long term investment. we only talk about making money when sleeping later on when we succeed in growing our wealth.
Right now its time for grind, for the people with lower capital, increasing risk with leverage is the only way to financial independent. just go big or go home.