People feel defeated by financial circumstances
17 posts across 11 communities in the last 30 days; 18% from r/fatFIRE.
“Work hard and invest? There is like a 10% chance we don’t make it 10 years! /s [re: This week I resigned after 28 years]”
“"Just the same" as a mom or dad with two kids at home, a mortgage and a car on its way out? Nah, don't think so. [re: After 3 years of unemployment...]”
“So they had enough money to start a business and somehow that's counted against them? You guys aren't making any sense. Their business failing is no different than any other person losing their job. [re: [Landlord-US] Would you consider a tenant that has a restaurant business?]”
Several users express a sense of resignation and discouragement about their financial situations, feeling overwhelmed and powerless to improve them. This sentiment is linked to observations about others' seemingly effortless financial success.
SOURCES (19)
“Work hard and invest? There is like a 10% chance we don’t make it 10 years! /s [re: This week I resigned after 28 years]”
“"Just the same" as a mom or dad with two kids at home, a mortgage and a car on its way out? Nah, don't think so. [re: After 3 years of unemployment...]”
“So they had enough money to start a business and somehow that's counted against them? You guys aren't making any sense. Their business failing is no different than any other person losing their job. [re: [Landlord-US] Would you consider a tenant that has a restaurant business?]”
“Dude, its not about me. Its about empathy. And some people have none. [re: How to mentally get over loss of money?]”
“i think people underestimate how hard it is to give up not just the money but the whole lifestyle and identity that comes with it. building something of your own sounds exciting, but the uncertainty must be tough. respect for sticking with it. [re: I quit my $300k finance job at 30 because I finally admitted I hated it - and the lifestyle downgrade has been absolutely brutal.]”
“sell what you have left. it could have been worse, and it may very well be if you do not sell it. many people end up losing their entire life savings, not just 6 hours worth. It's why even though I believe there is money to be made in crypto, I will always tell everyone to never treat it as an investment, or in the very least not a short-term one. [re: How to mentally get over loss of money?]”
“some of us have lost millions of dollars actually. [re: How to mentally get over loss of money?]”
“Man, that is tough. My heart goes out to you. [re: For the 60+ that retired in their 40s... tell me about it]”
“They never retire. They might die but I'm still to meet the old boomer that said i have enough and will retire. [re: Note to self: don't be a CPA in your next life]”
“[ Removed by Reddit ] [re: 39, Broke the Cycle but Never Learned to Build Wealth. Now What?]”
“If you're struggling, God help us all. (Seriously though: God, I need money help me out!) [re: Tips for building momentum]”
“You are worried about the wrong things. When you say "losing it all" you are only thinking about money. Here's the thing: it's just money. Whereas chilling out with your buddies in NYC??????? That's priceless. And you will not be able to do this forever. What happens if one of your best friends dies? You will never go out to dinner or go out drinking with him again. This can happen - it happened to me with my best friend from law school. 40 years old, and he died. Can you i”
“I can relate to how you're feeling. In my 40s and the USA economy is just rough right now. [re: Financial depression and insomnia]”
“they have problems too..money is not happiness and put things in perspective...be happy with what you have. .if you want more then do something about it. but happiness is not guaranteed.. [re: I wasted my life on this career]”
“Sorry I expected a super out of touch response. People need to sleep and decompress. This is just batshit insane [re: Laid off, business failed, $16.5k in credit card debt, what should I be doing right now?]”
“HOLY SAME. some people just have it laid out for them the whole way. and there's nothing you can do about it. or your situation. and being bitter or even needing to point it out can take away your own joy. both parents? college paid for? etc etc, the list goes on. do your best not to walk into the sea and harm others i guess.”
“Tomorrow is never guaranteed, but I'll say as someone who came into part of an inheritance at 41, it changed how I got to enjoy life and what I could do for my kid(s). We had a second with the financial security, have set us up for a sooner FIRE, let us do more with our kids and work less. I'm planning to give to my kids at set points to accelerate milestones, college, house, investment early by matching what they save, all to teach them how to manage money, especially since they are lik”