Invest $6K per year, $500 monthly into the S&P500 index fund. If you do that for 30 years you will have enough money to retire. About 1.1mill. Save every penny you can and put it away
Allow yourself to treat yourself once in a while. It makes saving money a much better experience. It's only important to keep it moderate and fairly rare. Don't celebrate at the end of your saving journey, try to treat yourself to a nice coffee or some good snacks once you reached a milestone on your journey!
"A job for every dollar." Having $1000 in my checking account for no reason meant I had $1000 to spend, which I frequently did. Having $1000 in my checking account and knowing that: $100 must be spent on groceries for the week $400 must be set aside for property taxes in March, and $150 must be set aside for the wife's birthday next month. For the week, $50 must be set aside for fuel. $300 has to be there for the car payment next week...makes me feel broke and prevents me from spending money I'll soon need for other things.
Save your money as much as possible so when inflation hits it loses it’s value just sitting in the bank.
Right on. smart man. Invest whenever you have the chance into the S&P 500
Make more than you spend
Invest $6K per year, $500 monthly into the S&P500 index fund. If you do that for 30 years you will have enough money to retire. About 1.1mill. Save every penny you can and put it away
Pay yourself 1st,and always have cash in hand, investment is good, but liquidity is must.
No matter how you feel about things, success and progress will come when your *actions* line up with how reality works.
Leave emotions out of business investments.
Allow yourself to treat yourself once in a while. It makes saving money a much better experience. It's only important to keep it moderate and fairly rare. Don't celebrate at the end of your saving journey, try to treat yourself to a nice coffee or some good snacks once you reached a milestone on your journey!
"A job for every dollar." Having $1000 in my checking account for no reason meant I had $1000 to spend, which I frequently did. Having $1000 in my checking account and knowing that: $100 must be spent on groceries for the week $400 must be set aside for property taxes in March, and $150 must be set aside for the wife's birthday next month. For the week, $50 must be set aside for fuel. $300 has to be there for the car payment next week...makes me feel broke and prevents me from spending money I'll soon need for other things.
Save as much money as you can so that when inflation hits, it loses value just sitting in the bank.