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The stuff on personal finance does not apply to anyone with weird life circumstances or too much money - past a certain point, you need to do weird forms of div
by pclmulqdq 4y ago
The stuff on personal finance does not apply to anyone with weird life circumstances or too much money - past a certain point, you need to do weird forms of diversification. Also, if you are saving part of your money for a short-term goal like a house, rather than retirement, you have to adjust the mix accordingly.
- jvanderbot 4y agoShort term large purchases are covered nicely. And OP definitely said "paycheck to paycheck" which seems quite normal, and didn't mention anything too strange. But yeah, there's no one-size-fits all, but as a philosophy, this flowchart is spot on: Cover your butt, then maximize money growth by optimizing paydown / investment by interest rates, and cover your butt more over time.