3 ms·
Here are the useful ideas: - spend (much) less than you earn (by working) - figure out your risk tolerance and long-term goals, develop an Investment Policy S
by neogodless 8y ago
Here are the useful ideas:
- spend (much) less than you earn (by working)
- figure out your risk tolerance and long-term goals, develop an Investment Policy Statement (including desired asset allocation and re-balancing strategy, if any)
- stick to this plan until you're super comfortable with your plan, your back up plan, and your SHTF emergency plan
- enjoy your freedom to control your time before you turn 67
It's probably not useful to:
- take painful steps to reduce your spending
- risk your health
- do anything you don't want to continue doing after you stop working (except work!)
- assume or rely on BLOG / BOOK / WRITING income like those that stopped the "usual" sources of income, but gained celebrity by writing about (the otherwise useful) ideas