1) Make a budget I like the 50/30/20 50% Housing / utilities / living costs 30% wants / clothing / entertainment/ hobbies / Etc 20% Saving / investing 2) starting investing / paying of debit / emergency fund 3) Get to 10k invested ASAP Why are more people not doing this ? 👇
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12 Comments
ETF Go@etf.go · 17d
My question is why does the real #1 never get to be #1? #1. Focus on your Job/Career and how to advance your salary/income Income drives everything! 😉👍
CoderDonna @coderdonna · 17d
I suspect there are people living paycheck to paycheck and hoping they have enough to cover all their necessities, never mind any wants.
Nicholas @nicholaslovesgold · 17dEdited
In my conversations with people my age, it ranges from I can’t afford it, to I don’t know what I’m doing, to if I don’t have 100k is not worth it. I suggest people to do 100 a pay or what ever is so easy you won’t notice into something like a broad market index. Automate it. When you feel comfortable make it more. Most don’t start
Randy @makingbacon · 17d
I dont keep any substantial emergency fund anymore. It makes no moneybsitting under the mattress or a savings account. I do use week and sgov as a partial tool. I also use precious metals. However why not utilize margin in the event of an emergency. As a 90% dividend passive investor the margin is being paid back and still earning so my emergency funds is my yielding account. Im older and that makes sense to me.
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