My rules to successful saving 💡
- Be frugal & save as much as possible
- Budget everything & optimize
- Don't increase your expenses
- Invest everything you save
- Repeat 1-4
- Retire
My rules to successful investing 💸
- Buy low, sell high
- Focus on fundamentals
- Don't invest in everything
- Invest locally
- Compounding interest
- Only trade with money you have
- Dollar-cost average every paycheck
- Keep up with your investments
- Invest long-term
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@scottcbusiness
posted
3 years ago
Comments
Number 3 on savings, is a must. In case of a crisis, or downturn, of an economy, increased expenses, cannot be handled.
Thanks for this advice.
Very good ideas, thank you very much for sharing them.
This will be my 2021 goal, but I'm already starting investing in crypto and hopefully, I can make it grow in the future. Thanks for this.
Noted n thanks for the advice, sir scott n this is what i'm going to do on 2021, got a small amount on bitcoin.com n on coinbase already, hopefully soon, going to try trading or staking