How To Manage Your Money (50/30/20 Rule)

[Deleted member 31766]

 

[6ft4]

I was saving 50% of my income while I was only working 25 hours per week
I then dumped every penny of those savings into investments when I felt it was a good time to invest
If you aren't investing half of your income to cope with having to workcel its over for you
Since I stopped workcelling I dont invest more I just sit on existing investments

 

[ShawarmaFilth]

I was saving 50% of my income while I was only working 25 hours per week
I then dumped every penny of those savings into investments when I felt it was a good time to invest
If you aren't investing half of your income to cope with having to workcel its over for you
Since I stopped workcelling I dont invest more I just sit on existing investments

What to invest in

 

[coispet]

What to invest in

S&P 500, NASDAQ

 

[PseudoMaxxer]

S&P 500, NASDAQ

are they always going up, how is that possible.

What if I put in 5k today, how much will I have next year?

 

[PseudoMaxxer]

TLDW, does it say 50% needs, 30 enjoyments and 20 saving?

I enjoy 50% of my income and save the other 50%

 

[coispet]

are they always going up, how is that possible.

What if I put in 5k today, how much will I have next year?

You can see on Reddit, I don’t know much about it just know a few people invest into it

 

[coispet]

TLDW, does it say 50% needs, 30 enjoyments and 20 saving?

I enjoy 50% of my income and save the other 50%

Wouldn’t the 20% savings technically just count as long term investment anyways? Why let the money sit and not go up

 

[PseudoMaxxer]

Wouldn’t the 20% savings technically just count as long term investment anyways? Why let the money sit and not go up

true, i’m just very ignorant about long term investments but i need to start learning about them cuz I have a lot of money sitting there

 

[Deleted member 43881]

this guide is for low iq who are too retarded to optimize properly

 

[MA_ascender]

are they always going up, how is that possible.

What if I put in 5k today, how much will I have next year?

they're going up slow and steady, if you want to gamble away your money for a 0.1 percent chance at a 10.000x then waste it on shitcoins or sum

 

[6PSLcel]

are they always going up, how is that possible.

What if I put in 5k today, how much will I have next year?

average annual return is like 10% not including inflation