In my honest opinion, crypto is ruining the young generation.
My friend’s 22-year old son made over $300k with crypto in 2021 and quit his day job.
He later lost it on some shady investments.
Now he spends 99% of his time locked in his room looking for his next “lucky shot”
Rohit Manchanda
9,282 posts
Corporate mind by day, chaos theorist by instinct.
- I’m constantly in talks with 27-32 year olds who complain of “living paycheck to paycheck”. Here’s how it looks like: Salary: $6,000 (after taxes, insurance deductions, & funding 401k) -A luxury apartment: $3,000/month -Car payments (luxury car): $750/month -Student loan
- Do you regret buying your house? I know of a couple who wished they would have continued renting after purchasing a $550k home. They mentioned how everybody romanticizes the idea of owning a home until you do, and the reality kicks in. From property taxes, maintenance costs,
- A family I knew growing up went from dirty rich to dirty poor. It was in the 2000s and they had it all. -Lived in a mansion -Owned SUVs and Range Rovers -Rented out high-end apartments -Children attended expensive Private Schools The dad was a Civil Engineer who tapped into
- Confession: The US tipping culture is wild. Had a couple of friends travel from Dubai to the US recently. They had massive culture shock with the insane tipping culture. My honest opinion is that tipping should always be optional according to a customer’s experience. It
- Baby boomers hold 70% of disposable income in the US. They blossomed at a time when: -Houses were cheaper -Education was affordable -The Economy was thriving A $4/hr job in the 70’s is equivalent to a $20/hr job today. Do you think the Baby boomers had it easier than GenX &
- A 31 year old young man I know is stuck in $400k student loan. He’s a Doctor. He just recently graduated. Got a wife and one child. Wife works as a kindergarten teacher. At the moment, they’re living with the wife’s family due to their current financial circumstances. They
- Replying to @TheDrugMoneyDCA on Index fund is my favorite personal finance hack.
- Average debt by age in the US: -GenZ: $29,820 -Millenial: $125, 047 -Gen-X: $157,556 -Baby boomer: $94,880 What do these numbers tell you?
- This whole thing of “early retirement” is not what people make it out to be. I had a call last week with a 34-yr old founder who exited his startup with a $5M payout and retired. He appreciates how comfortable his life is but at the same time he mentioned how he feels a big
- Replying to @VinsentNExactly. Easy wins easy losses. Its gambling at this point.
- I live in Dubai. There are many myths about Dubai. Let’s debunk them: 1. No, it’s not always scorching hot. June to September are the only “hot months” with temperatures up to 40 °C. Other months, weather is pretty favorable. 2. No, alcohol is not banned. Non-Muslims are
- Replying to @Intentional_LivWell said Viv. Nothing wrong with crypto, but it's the fact that young people are looking for easy ways to make a quick buck. Never ends well. Crypto is an investment opportunity, treat it as such.


