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Originally Posted by arthurb999
My family thinks I’m nuts when I talk about starting business, real estate investing, stock market investing, etc.* They are all blue collar old school… work until 55, get a pension and put as much as you can in your savings account.* I just think there is a better way.
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In my experience, the first generation to make the "blue collar -> white collar" jump can find itself in a tricky situation. On the one hand, they see that the traditional blue collar approaches that they grew up with and that their family still holds to no longer work in the white collar world. On the other hand, they don't necessarily have the intuitive grasp of many areas that most people who grew up in a white color family have, including investment and starting/running a business.
Granted, some people learn faster than others, but even if you think that you have adjusted to the new environment, there may be subtle differences that you haven't noticed or internalized yet, and that can cause problems down the road. As a rule of thumb, I would be very careful jumping into anything that I am not initimately familiar with.
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