this post was submitted on 25 Dec 2023
145 points (97.4% liked)
Asklemmy
43908 readers
1073 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This comment did not go where I thought it was going but very interesting. You're clearly making the right call for your personal finances.
I assumed you were going to say something about like expensive composting equipment or aluminum straws.
Haha oh goodness no. Things I actually bought to save money (when I could afford to) were an efficient A/C unit with an inverter (better sleep = faster learning = more money), and a new motorcycle. Not having reliable transit was costing me a lot of money in wasted time so that was a big one to fix. It's more fuel-efficient too, I use 2-2.5L of petrol a week. I also moved somewhere safer, where the building hadn't literally collapsed on me before.
Poverty is complicated, there's no simple way out of it, and the people who say there is... have generally never really been poor (although some have, there are few universal truths here). Saving money is rarely a useful solution -- it's more important to bootstrap yourself to better opportunities, which is really hard without any financial security. The way to do this is super specific to the exact circumstances -- and there's probably not always a way out. If you have money, of course you can afford to take time to study a new skill and so on. If you don't, perhaps you'll pay for it with a part of yourself that you're not going to get back.
Saving money is not entirely useless, it's a really effective strategy if you already have made some money, and are about to have a sharp reduction in income. It lets you protect your gains better than other people with wealth, so you inch ahead of them every time the market corrects (you don't have to invest to be affected). The inverse strategy (look for ways to spend) you have to do earlier, to inch ahead again. Your timing has to be better than the market, and it has more information than you, because you don't have the money or connections to have better information. So again, you're going to have to pay in the currencies of the desperate -- cut out those kinder parts of your mind that betray you to mediocre financial decisions. Then you can perhaps (very slowly) convert modest sums of money into more life-changing sums of money, and eventually land ownership.
Health is a problem too. It's hard to cram-study engineering if you're busy dying of cholera. Not my fondest memory, but perhaps an instructive one. I learned that I don't fear death, only failure.
I guess escaping poverty wasn't some glorious victory I feel proud of. It was more accurately a series of sad, Faustian bargains. Where at each step, you can end up receiving nothing. Even the devils of our fictions are kinder than the market, and less hungry.