Is investing really that useless?

[Alfonsoo]

(By investing I mean stocks/dividends, real estate, cryptocurrencies)

How much do you recommend relying on passive income / investments? Is it better to rely 100% (or near) on the income generated by one's life purpose?

Isn't it a good strategy to supplement and boost the life purpose with some investments? 

I understand the trap that lies behind the passive income life but I would expect a little more recognition for investments, at least for the financial part of the life-game. Isn't having some financial safety net, like investments, a nice play towards self-actualization?

I'm asking this mainly because they sound like a good way to lift a business (the life purpose's business) by the bootstraps . What other ways do you suggest to build a business from scratch?

[Average Investor]

Disciplined long term investing is well worthwhile. Trying to get rich quick in the markets is not. It really depends what you are looking for with investing. 

How much time you dedicate to investing is going to generally effect the return you get as well. What you invest in will also play a big part in that. 

27 minutes ago, Alfonsoo said:

I'm asking this mainly because they sound like a good way to lift a business (the life purpose's business) by the bootstraps . What other ways do you suggest to build a business from scratch?

Most businesses could be started out with a few thousand dollars. Most of the markets right now are close to an all time high. I doubt many are going to be moving that fast. It takes a lot to get a few hundred bucks to turn into a few thousand dollars with investing. It is doable, but if you bite the bullet and just work to make the money, then that is more ideal.

Generally, you have to work your ass off to get a business working well. 60-80 hour weeks are not uncommon to start out a business. That's really what it is going to take to get your project off the ground. Investing would generally would take 40 years of consistent investing to live off, or have a consistent quality stream of income. 

[Yarco]

If you have little/no savings then investing isn't necessary or worthwhile because you're pretty much spending money as you get it.

If you've got big cash reserves, you need to invest just to keep it from losing value. Like if you started this year with $100 it probably buys $90 worth of stuff now because inflation and prices going up.

I like to think of passive income separate from investments. It's more like you do a bunch of work upfront and then reap the benefits over time into the future.

[Nahm]

You’re thinking about life purpose like it’s an entity, which generates, is boosted, owns a business. 

[Alfonsoo]

@Nahm no, sorry. Maybe it’s my bad English 

[OneHandClap]

I've made a decent amount from stock trading. It is not my primary job, though, only a means to finance what I actually enjoy doing in life. Crypto, I tend to refrain from on ethical grounds. It is hugely catastrophic on an environmental level, and, IMO, contributes to a worsening problem of equating value with valueless things.