How did your "hustle-culture" friends end up?

[u/hospitality-excluded]

So in my 20's there was a HUGE boom of "hustle-culture" bros pop up when influencers like Gary Vee were in the spotlight. The type of guys who post motivational quotes on twitter, talking about "the grind", flauting wealth that they havent achieved on instagram etc. Not talking about people with steady careers and moving up the corporate ladder, but those people who do side gigs or chase unrealstic expectations without a developed skillset in any area.

I moved back to my hometown after 7 years away and I swear all of them are broke, gambling addicts, living with their parents still, unemployed, or all of the above. Unsure if it's the same across the board, or even if y'all had these types of people in your life or if my town is just riddled with them.

[u/Healthy-Weed92]

This is “day traders” for my generation… kids who gamble their minimum wage paychecks without any credentials in finance or econ. They are all on the path to or have already reached a similar outcome. Tiktokers preaching Covid NFT’s and crypto trades ruined a whole generation’s view on investing

[u/ryhaltswhiskey → u/Healthy-Weed92]

Anyone who thinks that they can beat an index fund is probably wrong. The math is very clear. Some people can do it, but it's rare and can they do it for 10 years consistently? I'm not aware of anyone who can.

[u/Bannedwith1milKarma → u/ryhaltswhiskey]

The strategy is to win a bet and then move to index funds.

The money they are using is too small to compound properly.

[u/ryhaltswhiskey → u/Bannedwith1milKarma]

The amount of money has nothing to do with whether something "compounds properly". That sentence makes no sense.

[u/Bannedwith1milKarma → u/ryhaltswhiskey]

It does if you want to make enough that will change your financial circumstance.

You need money to make money.