Yeah, what's the point of saving? You put money in your bank account, it'll be worth only two-thirds of what it is now, despite nerds on the internet telling you inflation is at 3.5% or whatever. And I look pretty askance at investing on corporations that are not what they used to be, but lumber on.
Obviously the smart thing is to try to make money and then turn around and invest it in Amazon. But to what end? I make pretty OK money but no amount of that will let me afford a house, and I already have a terminal degree. Better to use my money to spend more time with my child.
This is all assuming you have stable employment and a 6-month rainy day fund, not having those things is a little too much YOLO for me.
I feel like people that ask what the point of savings is are younger and haven't experienced a housing crash. Every boom has a bust and anyone who has gone through things such as the housing crisis, dot com bust, or previous crisis know that savings through a bust you will end up really well off on the other side.
Even just the most recent housing crisis as an example. Houses crashed hard and if you had saved you could afford a house. History says that there will be an opportunity to buy and just be prepared for when it is time.
Obviously the smart thing is to try to make money and then turn around and invest it in Amazon. But to what end? I make pretty OK money but no amount of that will let me afford a house, and I already have a terminal degree. Better to use my money to spend more time with my child.
This is all assuming you have stable employment and a 6-month rainy day fund, not having those things is a little too much YOLO for me.