2) Invest your savings in a low cost diversified portfolio consisting of bonds and equities
3) Stick to the plan no matter what.
Dec 5th, 2018 7:48 pm
Dec 6th, 2018 7:10 am
Dec 6th, 2018 8:54 am
Dec 6th, 2018 12:33 pm
Dec 7th, 2018 2:30 pm
Dec 7th, 2018 8:40 pm
related to the OPKursor17 wrote: ↑Dec 7th, 2018 2:30 pmRFD is all about saving the ¢, instead of making the $s.
There's a difference between building wealth than the often regurgitated personal finance advice to save money, that the media and everyone else like to spout. Saving money does not equal building wealth.
OP has very innovative thinking to leverage idle money/unused contribution room. Props to OP.
Dec 8th, 2018 6:52 am
Dec 8th, 2018 11:00 am
This is what I did when growing up. I never had a budget, because I did everything bare bones. Didn't go buy game systems like my friends, just go play at their house. No big fancy laptops, etc. Saved and bought GICs (inteeat was higher back then ) and worked part-time jobs after school. Did tons of overtime, $$$$
Dec 8th, 2018 1:25 pm
One needs cash to make cash. If you don't then it's extremely difficult. As all your money is already spent on staying alive. Eat, living, children, transportation.porticoman wrote: ↑Dec 7th, 2018 8:40 pmrelated to the OP
see post #16 above
other than 'beg, steal, borrow, OPM or start your own Ponzi scheme' how do you build wealth if you don't have surplus cash from either savings or cash-flow to begin with?
if you'd care to share any of your own specific 'tips or ideas' ?
Dec 8th, 2018 1:27 pm
You married right?rfdrfd wrote: ↑Dec 8th, 2018 11:00 amThis is what I did when growing up. I never had a budget, because I did everything bare bones. Didn't go buy game systems like my friends, just go play at their house. No big fancy laptops, etc. Saved and bought GICs (inteeat was higher back then ) and worked part-time jobs after school. Did tons of overtime, $$$$
Lived with parents even after marriage. Was respectful and nice to my parents, helped do all the house chores, paid utility bills.
Was able to buy our first condo with my wife with no mortgage. That set us up really good for the future.
Dec 8th, 2018 1:32 pm
Dec 8th, 2018 2:10 pm
Dec 8th, 2018 2:48 pm
Dec 10th, 2018 10:16 am
LOL yes I know what you mean. Yes, "love" should be the first priority for marriage, but you can't tell me one cannot find a "wealthy" individual that one may also fall in love with right?
Dec 10th, 2018 10:23 am
Neat website! Thanks. Yes, I highly encourage everyone to do these surveys. Don't just surf the web, instagram, FB, for free, do something that will earn you $$$