Assets and more Assets: Making your money work for you

BlvdBrawler

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As long as you understand the time value of money, depreciation, and opportunity cost of making new money, you'll be good.

A basic formula is

-Save 6 months of living expenses in cash.
-Prepare a monthly budget for living expenses.
-Allocate the rest of your money divided between hard assets, your preference of low risk stocks or bonds, and speculative assets such as a side business


Good advice. :tu:
 
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