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Investment has become a survival skill

Writer's picture: Matthew CW WongMatthew CW Wong

The rich gets richer and the poor becomes poorer. This is pretty true in the modern world. Let me point out two of many reasons here:

  1. purchasing power is decreasing in general, ie your 1000 dollars today can buy a lot less stuff than your 1000 dollars 10 years ago. In the developed countries, people desire to own things out pace their earning power in general. Cost of living is going up despite there were some significant price reduction from globalization such as sneakers that are made in Vietnam, home appliances that are made in China. But Air Jordan is not getting cheaper. Property prices have been increasing in most major cities.

  2. investment has been profitable in general and the rich typically has more money to invest. The rich invests in properties, stocks and collectables (antique, art, whiskey, wines, gem stones, etc) and the poor can only see these items through social media. Warren Buffet is an all time classic to show the world how to use money to make money (without leverage).

So you don't have to be rich but you don't want to be poor. Money is not everything but is a solution for most of the problems. It is great to be financially independent then pursue your dream that most likely cost money.


Another important point, if you are rich but you do not understand investment, you could be scammed and lose everything. Many movie stars and professional sportsmen went bust from their investment (despite having experienced lawyers and financial advisors partying with them).


Learning about investment is like learning how to swim. Not necessary but definitely no harm and almost useful.

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