this post was submitted on 30 Dec 2024
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Statistics is a big word, yet you toss around "wealth management strategies" as if that isn't meaningless textbook bullshit.
I opened a bank account today and put $20 in it. It's a "wealth management strategy."
Yeah i knew you didn't have the data but thanks for confirming with this logical fallacy trash.
Wealth management are certified professionals who would be able to look at your entire balance sheet and help manage assets, provide financial advice, tax advice, etc. I specifically was referring to setting up an LLC or trust to claim the funds through and structure those entities in a way that you don't have direct access to all the funds to avoid burning through all the funds.
To your nonstatistical point: people have no self control, just look at you and me needing to reply to each other, but someone who wins the lottery will be able to afford professionals whose job it is to help beat those odds.
Anyway I'm glad you've saved $20 today and hope you have a great day