My Thoughts On The Matter Of Personal Finance
Hello guys today I'd like to share some of my thoughts on the matter of personal finance and I'd be happy to get to know your opinions:
-You will probably never invest yourself rich. It is easy to believe that it is easy to find amazing stocks/cryptos/what ever, but it is not.
-You will probably never be able to live off assets. "Fire" is a good concept, but really hard to pull off.
-You will however live very comfortably if you learn how to save and you should do so with risks in mind (when do I need the money).
-You might beat the market a few times, but you are more likely to lose to it, therefore index funds are a better bet than "stonks" for most people. A portfolio for most people would be 50-60% global index fund, 10% emerging markets fund, 10% Asia/Europe fund and the rest in stocks/rates/metal/other. Don't get a home bias (invest to much in your own nation/regions economy).
-Get a wage job you are OK with. Don't be afraid of changing jobs.
-Live an okay lifestyle. The big three: home, car, food. Are what you should focus on to get for reasonable sums.
-And investing in a home should not just be to buy your next home. Most people who see homes as a fund, end up just using their homes as a way to buy an even more costly home. So the money will always be locked up in a house.. and there is no guarantee that houses will increase in value.. so don't put all eggs in one basket.