- Side hustle : Unless you enjoy doing this, not easy. There is no risk to capital as salaried man unless you are defined in item 3. Isa temporary measure to help boost some saving but scaling is tough.
- Stocks : Risks. You could lose your pants and set you back for years following tips or herds.
Saving is key to wealth accumulation else whatever we earned is spend away. And if we get addicted, we could fall into debt spirals. Therefore to most families, we are often taught to learn to save when young. Culturally we have been conditioned to save.
However people often do not realize that in order to save we need to earn. To put it simply, how much we earn gives us the needed runway to save. However, to most people like me that being a worker to earn monthly salary, is the typical process that forms bulk of the earning.
We only have one life. How can we break through from here ?
