Thread regarding Fidelity Investments layoffs

Here to say truer words have never been spoken.

Harvest equity from my few homes on an alternating basis. Buy stocks. Repeat.

Stop complaining and start investing and getting rich.

@gt You just gotta get ahold of your financials and get the cash flow going.

Control your expenses!!!!!

Dude - buying a house is not easy for young people anymore. And it's because people like you have bought up so many to convert to rentals. I could go into economics and all that but I don't think you'd understand or care. Have fun wallowing in that cash flow. Just don't assume that this method is reachable for most people starting out in the last 10 years.

Like the OP, I have multiple rental properties and a nice home. Proud to say that I still own the house I first bought in 1984.

Here's the trick. Buy a HOUSE and never sell it. The rent I earn from that house is more than TWICE what the mortgage cost me in 1984. I've done that multiple times. I have enough cash flow that I just buy houses as investments now.

I feel like I'm double-dipping. Housing rental income streams and a very, very comfortable paycheck and health benefits from Fidelity.

Being a success ain't hard. Buying homes and having a large income comes with hard work. That's what I always tell the young people I work with at Fidelity, and they just shake their heads and walk away. The OP is right. People don't want to work these days!

The only thing missing from this thread is the angry gen-z er calling the original poster a dinosaur - someone wake that bro up. Or maybe he's in the matrix in a video game and can't get out

Sry but a 55+ is not using ROFLMAO or zoomys.
Get back to work intern.

I'll take "Russian Trolls Posting Rage Bait" on layoff forums for $200 Alex

Someone’s full of themselves!
Sorry not that impressed did you forget you’re surrounded by other high achievers?

I did the same thing for several years past my eligible retirement date. Saved a lot, multiple rental properties and lived frugally. I kept working because I liked the job but most of all looking out for my direct reports. It was mutually beneficial but once I had the worst back stabbing leader who did it with a smile I left. I’m not sure why all the negative comments for this thread except maybe the attitude that only you want to work.

@OP the responses ridiculing you are part of the problem at Fidelity. I did take a VBO and couldn’t be happier but you choose what works for you. Once upon a time Fidelity was a respectful workplace where people worked together to make the business successful. Now it has too many (not all) employees who believe they are entitled and will stab anyone in the back if they see something in it for them.

Further they cannot understand your financial freedom through hard work and saving rather than expecting everything they want as soon as they see regardless of finances. They don’t connect their spending to lack of savings. (It would be funny they work at a financial institution if it weren’t so sad.)

@OP Are you back in the office 100%?

Good fo you...ill take it ..and you can be one of the ones they layoff after vbo who didn't take it

@OP thank you for your attention to this matter. Now go throw a ketchup bottle at the wall and chug a diet coke.

did grandpa forget his pills again???