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If you are smart you will spend less than you earn over a long period To achieve this you need a plan. The plan can be responsible and also contain periods of

by sgt101 4y ago

If you are smart you will spend less than you earn over a long period To achieve this you need a plan. The plan can be responsible and also contain periods of spending more than you earn. This will allow you to invest in your life, and the lives of the people that you love. For example, go on holiday with your kids while they are kids. This could cement relationships (not just with you) that will be really important in their (and your) lives. Another example; do the job that's a spring board, but lower paid than the job you really need. Ok, so you run up some debt - but you get access to your future career. Education is another (more controversial) one. I invested in my education when I was young, but I am from another era and I am well aware that what young people are asked to put in for a doctorate now is just unbelievable. It paid off for me, it may not pay for you.

themodelplumber 4y ago
I would add birth circumstances to your pile, somehow. For decades I spent wisely and executed on a plan while donating 10%+ of my gross to the megachurch into which I was born. Everybody in the church, including my parents, said it was an investment. Spoiler: It was not I still wonder how this could have been effectively communicated to me at an earlier age...the church teachings I received were designed to inoculate against outside opinions. When I joined the ranks of leadership myself, I also taught others to pay "God" before paying themselves. By the time I stopped paying, I could have used my own donated funds to retire twice over.
- kritiko 4y ago
  Many religions include tithing as part of their teachings, and the Effective Altruist movement has adopted it. If the funds are directed well, it's an investment into the community and to charity. (And if a disaster befalls you, hopefully the church would come to your aid, so it's a kind of insurance...)

by sgt101 4y ago

themodelplumber 4y ago

I would add birth circumstances to your pile, somehow. For decades I spent wisely and executed on a plan while donating 10%+ of my gross to the megachurch into which I was born. Everybody in the church, including my parents, said it was an investment. Spoiler: It was not I still wonder how this could have been effectively communicated to me at an earlier age...the church teachings I received were designed to inoculate against outside opinions. When I joined the ranks of leadership myself, I also taught others to pay "God" before paying themselves. By the time I stopped paying, I could have used my own donated funds to retire twice over.

kritiko 4y ago
Many religions include tithing as part of their teachings, and the Effective Altruist movement has adopted it. If the funds are directed well, it's an investment into the community and to charity. (And if a disaster befalls you, hopefully the church would come to your aid, so it's a kind of insurance...)