Post # 76
Oh and if you want book recommendations read The Millioniare Next Door and Your Money or Your Life.
Btw, congratulations on hitting a nice number in your savings! It’s great that you’re thinking about this stuff. I had about $5,000 in savings when I was 23, now I’m 27 and at over $50k in savings. I never made a TON of money, you can totally do it. 🙂 Good job, you are on the right path!
Post # 77
– How old are you? 21
– How much do you have in savings? $20
– Do you mentally separte it from the rest of your money, or do have an actual savings account, or several accounts for different savings purposes.? Actual savings account
– What’s your annual income? a joke
– How much do you try to save a month? save? what is that?
– What do you feel you spend most on, and what do you try to sacrifice? rent, bills, car’s insurance, student loan, i sacrifice everything, i really have no money left at the end of the month lol
– Any other secret tip you may have? Organic ramen is a better choice than the “normal” heart attack in a cup.
Lol I realize I wasn’t of any help. Well soon my savings acc will be used properly, once im done with school …. maybe…
Post # 78
Jacqui90: and also all that dividend money, while it is income goes straight into savings and I don’t touch it anymore except when I am purchasing more shares. Which is also why I have so much in there now because of the money transferred from my parents for investments. So shortly, after my stockbroker and I decide what to purchase and go ahead with that purchase, I won’t have anywhere near as much in savings.
However, shares (stocks) and other investments are very good for future financial needs, like retirement or collateral for a mortgage. One of my grandmothers is almost completely living off her dividends I believe.