saving $400-$600 monthly. Saving & investments
- Thread starter Jordan>>LeFrozen
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HalfwayHandsome
A WALKING LICK #502C0MEUP
RENTA SPOONS
when you see a bunch of purchases that aint none above $11 but u still wasted $100s
I been slacking lately. Gotta get back on the savings grind. I still save but been spending too much lately. Gotta start with bringing lunch to work more often.
BaldingSoHard
Banned
So how are y'all index funds performing?
Pretty flat over the last 24 months.
Gold has been
tho.Real estate has been
as well.I've made a lot of money recently.
Malik1time
What you looking at?
Beat way to save money is buying groceries...ya may think that's stupid but you'll be surprised how much money you spending eating out all the time
From experience I know
From experience I know
BaldingSoHard
Banned
You really don't notice the lost value to be honest
Not in the short term.
In the long term, though, when your homie who invested his 90k now has 400k, and you have 93k... you'll be
.
Malik1time
What you looking at?
If you saving $600 a month do what I did
Use that money to get in real estate wholesaling(if you in a good state/market
). My step brother lives in ATL and I used $550 I saved and spend it on postcards(I send 200+) to send property's, bandit signs etc... now you may ask "you spend the most of it maybe all of it". But my step brother received 7 calls of sellers for their house after all the paper work we closed 3 out of the 7 houses
in 40 days. In total we made 12k so we split it 50-50 and I got 6k.so basically I made a 5k ish profit off the $550 I had
I highly suggest more coli brehs that got extra money to get in wholesaling
seriously
Use that money to get in real estate wholesaling(if you in a good state/market
). My step brother lives in ATL and I used $550 I saved and spend it on postcards(I send 200+) to send property's, bandit signs etc... now you may ask "you spend the most of it maybe all of it". But my step brother received 7 calls of sellers for their house after all the paper work we closed 3 out of the 7 housesin 40 days. In total we made 12k so we split it 50-50 and I got 6k.so basically I made a 5k ish profit off the $550 I hadI highly suggest more coli brehs that got extra money to get in wholesaling
seriouslyroot_eruditorium_org
All Star
I think I've reached this point to be honest.
I have what I would say is an interesting dilemma. Really what I try to imagine in my head, is the extra bread i'm gonna stack on my existing savings is my "interest" that's beating inflation. & if not that, at least it's keeping me in the habit of saving still.
it is hard, extremely difficult to save if you are trying to maintain a social life though. i personally don't know how anybody can save and have an active social life at the same time.
root_eruditorium_org
All Star
@Asantehene
you should share your story to enlighten others on the dangers of venturing into the market with a lack of knowledge (not saying that your case was caused by a lack of knowledge tho)
Tough call. Speculative investing is something that usually comes far later in the setting up of financial security. I'd never suggest investing all of your savings because it's good to be somewhat liquid if possible if the shyt hits the fan somehow. An easier goal would be to keep 3 months saved if possible.
Can't go wrong with a Roth IRA as a simpler way to invest. It's post tax so the earnings aren't taxed later in life and you can set aside a lower monthly amount at least.
Is that Acorn app legit?
Doesnt seem worth it
I love the Acorns app. You have to invest enough to offset the monthly fees however I use that at the end of each year for Christmas and whatnot. It's $3 here, $5 there but it all adds up and I never miss it from my checking account.
It's just passive investing that adds up over time.
The $100 I've put in there are like $117 now and I've had the app about a year soIs that Acorn app legit?
Doesnt seem worth it
My investments are pretty bad though, I don't keep up nearly enough, and it's my fault.