this post was submitted on 26 Aug 2024
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Asklemmy

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[โ€“] BugleFingers@lemmy.world 5 points 3 months ago (6 children)

One parent had a growing business when I was super young, they brought home well into the 6 figures. However two things happened 1: the internet started getting bigger so that started to hurt their business and 2: the 2008 housing crash happened and for a business that worked with banks on mortgages (I was too young to fully understand what the business did) it was fatal. Then we were dirt poor! The family never really recovered but after many years we did manage to get on our feet, then a parent died and shit went down hill again lmao.

I could've grown up a rich kid, instead I grew up with a family oats pot for meals. Though I'm probably a healthier grounded human for it.

[โ€“] Bocky@lemmy.world 1 points 3 months ago (1 children)

There has to be more to the story than that. Your parents probably didnโ€™t disclose to you the other hardships they faced, whether they were self induced or not

[โ€“] BugleFingers@lemmy.world 5 points 3 months ago

Oh there definitely was as far as why the business went down, I just clipped it. But it caused one side of my family to be permanently removed from our lives as well. Though the increased stressors of the crash also aided in that whole deal

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[โ€“] FlashMobOfOne@lemmy.world 5 points 3 months ago* (last edited 3 months ago) (1 children)

Didn't get "rich" per se, but I got in on dogecoin when it was at a penny, missed the peak, and ended up selling in the 30 cent range. I also picked up a ton of oil stocks in March 2020 when it bottomed out that I later sold for more than 15x their original value.

The irony is that I invested in dogecoin because Robbing Hood locked down investments into Gamestop. I didn't realize that would be such a lucky development at the time.

Those investments paid off my student loans and got me a down payment on a condo. I still have five-figures in my investment account that I'm growing into early retirement. My current focus is gambling stocks, in large part because every election year it seems like there's a smattering of states legalizing online sports betting. (MO and NE have it on the ballot for this year.)

Not fuck you money or 'rich', but life-changing.

[โ€“] JusticeForPorygon@lemmy.world 2 points 3 months ago (1 children)

Bro you got the "what could have been" ending

[โ€“] FlashMobOfOne@lemmy.world 3 points 3 months ago

I didn't quite get that but I am in a way better place than I expected to be thanks to those choices.

[โ€“] superkret@feddit.org 5 points 3 months ago

My finger was hovering over the "buy" button for $10000 worth of Bitcoin when one Bitcoin cost $50.

[โ€“] rbesfe@lemmy.ca 3 points 3 months ago

I bought 100 shares of Gamestop when it was $4 in November 2020 and sold at around $10

[โ€“] Coskii@lemmy.blahaj.zone 3 points 3 months ago* (last edited 3 months ago)

I played the stock market game in grade school and noticed this one stock, BRKHA that was moving thousands of dollars daily (and was occasionally dipping into the hundreds). Considering the others would only move a fraction of a dollar daily it was a goal to get one share for the game. I did and ended up winning.

I should have tried to pressure my parents into at least one share. By the time I was 18 it would have been worth 70k, and these days it's up to.. Nearly 700k per share.

I would've likely sold it on my 18th birthday and been able to languish a bit longer than I did. All in all it wouldn't have been worth doing.

[โ€“] roux@hexbear.net 2 points 3 months ago

Idk how well this would actually sell but years ago in my early 20s, I came up with the idea for a beer coozie for 40oz bottles.

40s are great if you are poor and want just enough of a buzz but unless you chug them, they get warm halfway through. Which is also why 12oz cans/bottles are probably also more appealing.

Just a big ass coozie to keep your Bud Ice cold in a Sunday afternoon of porch drinking.

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