'When I open my accounts and see how they are growing it really fills me with a sense of pride and determination.'
Dear Moneyist, There are a lot more... In September 2018, this woman from Texas, then 36, wrote to the Moneyist to ask how she should invest her windfall — over $150,000. It was small by some people’s standards, but it was life-changing to her. She didn’t have a college degree, said she would never earn more than $30,000 a year, and worked full-time for $15 an hour, in addition to a part-time job at $10 an hour. She paid $1,050 a month in rent.
Dear Moneyist, There are a lot more Americans making less than $50,000 a year than there are those who make more. I feel like we aren’t really represented in the financial-advice world. I’d love to see more columns helping people to invest $25-$100 when they can. It’s empowering to invest. I might never be a Warren Buffet, but when I open my accounts and see how they are growing it really fills me with a sense of pride and determination.
“‘Tiny living forces you to be mindful. Not only of your space, but also of yourself and how you live in your space.’” However, I’d also like to address some of the comments that were less encouraging. Several people insisted that my letter was obviously fake because of how well I wrote, and that someone with my education level could not possibly be in the financial situation I’m in. I was less hurt by this attitude as I was utterly astounded by it. That people genuinely believe the educated cannot struggle financially just floored me.
There is a financial crisis in this country. I believe it comes from unchecked capitalism. When corporations are allowed to buy up single-dwelling homes and drastically raise rents, and banks/lending institutions are allowed to prey on people with obscenely high interest rates, you foster an environment of exploitation. Our society allows for the targeting of young people before they even graduate high school.
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