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Here’s what works for me (I think/hope) 1. Think of money put into index funds as an “expense” 2. If investments are on fire, that’s okay. You weren’t gonna u
by Swizec 7y ago
Here’s what works for me (I think/hope)
1. Think of money put into index funds as an “expense”
2. If investments are on fire, that’s okay. You weren’t gonna use them for the next 10 or 20 years anyway
3. Invest in yourself
4. Diversify your income streams. Even $2k/mo on the side can really help
5. Cash savings. Never let a loss of income impact your livelihood
6. Keep adding to savings even when you think you can’t
7. Your skills and your network are an asset. Use them
- __s 7y ago> even $2k/mo on the side can really help Bought a house few years ago living on $2k/mo. Finished paying it off last year. Good spending habits go far
- Swizec 7y agoCongratz! The number is of course contextual. $2k in SF is less than $2k in rural Europe :) Where I’m from that $2k is what you’d call an engineering salary. Where I’m now, it’s a nice solid bonus on top.
- ForHackernews 7y ago> Even $2k/mo on the side can really help So like, the equivalent of another full time job? Nice if you can get it!