Short excerpt from a YouTube video titled "WHY Would Anyone Do This?" featuring Ramit Sethi and others. In this clip speakers debate whether locking money away (e.g., in CDs) is useful versus investing in stocks for long periods; Ramit references long-term stock compounding (doubling ~every seven years over 25–30 years). The speakers also criticize another video's accuracy and clarity.
There is no better way to hustle and get your sh T together when your money is locked away and difficult to spend.
Oh, kind of like putting it in stocks for, say, 25 or 30 years while it compounds doubling every seven years. That counts inflation. How about that? Does that count as being locked up?
What?
That's the end of the video.
49 seconds of my life with multiple mistakes, multiple obscuring of the way things work. Started off talking about stocks, now.
Talking about a cd.
What the kind of video is this?
You know, I'm hesitant to say. If you want to make a lot of money, turn off TikTok for the rest of your godforsaken life.
