Investment Guide for Young PeopleSubmitted by Michael Nystrom on Sun, 02/03/2013 - 00:35
There is more to "investing" than buying the right stock or mutual fund. The foundation for investing is a right livelihood.
You don't want to end up 36 years old and divorced (as happened to me), out on the street without a job and without a skill (as has happened to many others), unable to support yourself, dying from cancer for having eaten the wrong diet, or persisted in using the wrong carcinogenic products for a lifetime...
There is a wide variety of age ranges on the Daily Paul. We are not naturally arranged that way in our society. In school, we are segregated by "grade." In the 'workforce' we tend to adhere to those ageist imprints that we received in childhood during our government sponsored indoctrination period. There is little cross-pollination among the age groups “out there.” In here, it is a little different.
What can we share with each other? What can those of us who are "older" offer to those of us here who are "younger?”
If you were to go back in time 20 years, and meet yourself - what kind of advice would you give yourself? And not just financial advice. The greatest investments are ultimately how we choose to live our lives.
But let me add this twist: Don’t just think of yourself 20 years ago (which is easy), but as if you were 20 years younger in today’s environment, with all the complications of modern life: The hyper-competitiveness, the digital overload, facebook, the logjam at the top, the oppressive security state, and the moral decline of society. What choices would you make if you were a young person today?
What turning points do you remember? What would you do differently? What are you glad you never changed, or compromised on? What would you go back and do over again if you could?
Back in 1990, and I had just graduated from college and was living in Japan, teaching English. It was a good gig. Back then, there was no Facebook. There was no email. There was no skype. I called home once a month, and it cost me $30 for about 10 minutes of time on a public phone. Things were different back then, and if I had to choose one word to describe them, the word I would choose would be slower.
So what advice would you give to young people in our fast-paced world?
Equally, for our members here of the younger generation, what questions do you have? Those of you just graduating, and those of you in the early years of "the workforce," what kind of guidance (if any) can we give. What are the particular challenges that you're facing?
Let’s get a conversation going and see what we can learn from each other.