Yeah the instant gratification mindset is brutal. Some in my family are like that and it’s annoying. They have money in their hand and they have to spend it. It’s ruining the economy for us but making it great for the companies and boards of the world.
The person who said investing is boring and for old men will certainly get a nice shock when he’s double his current age. It doesn’t seem like a lot but it’s important. I started investing at 18 and it’s not the most money but that’s what’s good, it’s even less per check per week than anything else. That 2-3$ a week eventually becomes thousands while I’m out doing anything I normally was. Not bad for old men money!
It is all about ownership - yet people are convinced that they can win as renters.
I expect that directly on Hive, it probably cost them 20-30K today. Half of that would have been a pretty decent deposit into traditional investments as a early twenty something.