Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
"As for investment advice, I'll repeat: spend less than you earn, and have a contingency plan if your earnings get interrupted. Park money in retirement accounts, especially those offered by employers up to company match, at least. Put as much of that into low expense equity index funds as your personal tolerance for volatility can stomach. Let it sit for a couplefew decades as you keep adding to it. Again, always spend and budget as if your income was 10-30%+ lower than it actually is (yeah, it's gonna stink at first, but once you get ingrained in that mentality, the habit becomes a lot easier, especially as your income grows)."

Yes, yes and double yes to that.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.