Why 90% of the people cannot get out of rat race

I do understand the value of investing and all, but I personally know of old school people who only depended on hardcore saving and fixed deposit and managed to save up a huge sum of money and retired in the 50s. This tells me a lot about the need to first save. For us who knows how to invest, it would be even better!

Because life is more than just making money.

Where do you think he got the knowledge to do all these? All the time he spent on gaining knowledge, we used it on other recreational activities. Which means, you have to:

Skip the movie dates with your friends.

Skip the secondary school reunions.

Skip the Netflix shows.

Skip the USS trips and the Halloween Horror Nights.

Skip the Prudential Marina Bay Carnivals.

Skip the Spa Nes baths.

Skip the boys-night-outs.

Skip the staycations.

These are exaggerated examples, but if everyone took "fun" out of their lives, they could all accomplish these. That's what I truly believe. Your priority becomes what you excel at. But what truly is your priority?

Did Warren Buffett not have fun in his life? Certainly not. But majority of his time was devoted to something else - and it shows.

And I implore you to really figure out your priority before you have everyone going on this "I need to invest and get rich." roadmap.

It isn't for everyone. Don't preach it as if thats the only goal in life.

It might be for these reasons:

1. Lack of awarness on investing:

• Most schools simply teach students to study and get a job. There wasn't (at least in my time) much emphasis on financial literacy or the importance of investing / growing your money.

2.Afraid to take the investing 'plunge':

• People may see investing as having a 'high entry barrier' that only those with very technical knowledge can do. Hence, they feel intimidated and and entertain the idea but not actually do it.

3.Information overload:

• 'Why are people not following his method?' There is so much investing information out there with so many gurus that his simple and unassuming method may be drowned out by the shiner / more attractive methods (even if they may be less effective in the long run).​​​

Because people want it fast. More so in our era, fast shipping, fast internet, speed dating etc.. everything must be FAST FAST FAST!!!