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It's good advice to save money and to spend conservatively, if you're poor. On the other hand, the implicit question of the post was "what did you create to ge
by benevol 10y ago
It's good advice to save money and to spend conservatively, if you're poor.
On the other hand, the implicit question of the post was "what did you create to generate passive income" (it's called "Hacker" News, not "Invester/Banker" News).
- scrypt 10y ago> It's good advice to save money and to spend conservatively, if you're poor. It depends on how well you manage the present. Aiming towards some perfect idyllic scenario in the future is not always so wise. It depends on how you manage that particular present you have crafted for yourself in the future.
- danesparza 10y agoI think you'll find that the poor generally don't save money -- they spend it, but I digress. Also: Why isn't interest income considered passive income to you? "The fundamentals" are there for a reason, after all.
- jrheard 10y agoI think that it's also good advice if you're not poor :) Your second point is absolutely correct, but I still think that my comment answers the root question - how did you set things up such that you're automatically being given money for free on a regular basis? - in a way that is simple, requires very little effort, and has a very good chance of working for many people who are able to try it.