this post was submitted on 12 Jul 2023
0 points (NaN% liked)

Showerthoughts

29698 readers
1071 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

Rules

  1. All posts must be showerthoughts
  2. The entire showerthought must be in the title
  3. Avoid politics
    1. NEW RULE as of 5 Nov 2024, trying it out
    2. Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
    3. Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
  4. Posts must be original/unique
  5. Adhere to Lemmy's Code of Conduct-----

founded 1 year ago
MODERATORS
 

I'm most looking forward to investing in stocks.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 0 points 1 year ago (1 children)

Investment is a side income, it's almost impossible to make it a main income cause so much of it is out of your control. Some low risk ETFs and bonds are the way to build your portfolio.

The best way to get wealthier is to get a higher paying job, if you can't comfortably live and still save at least $500 a month you need to increase your income before investing will become viable.

[โ€“] [email protected] 0 points 1 year ago

While I agree with most of what you said, solely focusing on a high paying job is a guaranteed way to create an unhappy life.

Building financial discipline and learning how to save is one of the most critically underrated skills in creating personal wealth. You wouldn't believe the amount of high income individuals that struggle to live BELOW their means and can't build their net worth.

At some point, it's more about how much your save, than how much you make.