Thread by @passivefool

On second thought, making young people feel guilty about not saving or starting investing can be harmful. When young people are starting their careers, odds are they won't be making much, they should be spending what they can in experiences rather than invest or save.

I used to feel guilty about not starting investing early but on second thought, I probably couldn't have because I wasn't making enough. A good chunk of the financial services industry is based on making people feel like shit for not investing in their mostly scammy high fee

products. I think this has played a big part in deterring investors - the anxiety caused by the money shamers, the guilt of not knowing how to invest, the intimidation and the ensuing guilt as a result of 1000s of funds, platforms, guides, books, gyan, gurus and shit.

Investors who want to invest are probably sweating all over. Of course all this is no excuse but not everyone is a Rambo in real life. The financial services industry's asset gathering impulses and ensuing messaging designed to make people guilty has probably resulted in a

perverse outcome of investors being nervous and has increased their chances of misbehaving (and then all this bullshit behavioural investing bullshit).

All asset managers, advisors, product pushers and the endless bullshit 2 line personal finance quotes are responsible for this

Warren Buffett might have started started investing when he was 12, doesn't mean you have to beat yourself up for not starting early. No investor is the same and no circumstances are the same.

If you are a young earner, save if you can, don't beat yourself up if you cant. Don't listen to anyone from the financial services industry, particularly AMCs, gurus gyanis, twitter morons like me, their CEOs etc, block them. They give the worst advice to sell shit

Start living a little when you are starting out and you can start saving when your income increases. On the flip side, if you don't start once you have enough to save, you'll be broke, homeless with your wife on children on the streets down the line.

It's a fine balance but don't let yourself feel guilty and intimidated at by the endless pointless bullshit that the financial services industry generates by the tonnes every second. Block anybody who has anything to sell AMCs, their CEOs/heads, me (I sell index funds on twitter)

Life is fucking hard enough as it is, you don't need to let yourself feel like shit when it comes to money.