Seeking to live solely on investment returns is both a big fantasy and a big mistake. Avoid it at all cost.
“This guy retired at 35 with this amazing and safe investment strategy. Want to know how? Click here”
Biggest financial clickbait. I see it regularly, and you probably do too. It usually features a very handsome young man/woman on a yacht, clearly not working for his/her living, and having a load of money anyway.
Beside the obvious scams that those ads are not hiding very well, the underlying message, the biggest investment myth ever, stay strong. This myth can be expressed by this sentence :
“By investing correctly, you can easily earn enough money to stop working, and your life will be wonderful”.
A lot of websites, including some that are not scammers but true believers, advise how to make it, how to get a life where you will never ever have to fake liking your boss or your client again. What a relief !
As you can read this promise is twofold : it promises you that “you can easily earn enough money to stop working” AND it promise you that “your life will be wonderful” if you do.
Both promises are untrue. Do not believe them.
Let’s get into those one by one…
Continue reading I won’t need to work ! The story of an investment trap