Okay fess up, how do I make enough money to live alone without ever leaving my house and also being incapable of math.
Okay fess up, how do I make enough money to live alone without ever leaving my house and also being incapable of math
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Step 1: Be hot woman
Step 2: Become camgirl
I'm actually a fat male
stream fortnite on twitch
No sorry I don't like Fortnite. Guess I'll have to be homeless.
tell me PLS HOW? PLEEEASEEE
>incapable of math.
Yeah, there's no hope for you.
I work at home as a programmer, but there's probably other tech-adjacent jobs that you can do, like project management, etc.
The main focus for you should be to build a marketable skill.
>determine your ideal annual burn rate
>add 25%
>multiply that amount by 25
>result is how much money you want to be sitting on
say I can live on 10k a year, I add 25% to that (to account for inflation and wiggle room) for 12.5k, then multiply by 25 for a total of $312,500. With that much invested in a conservative index fund, I should expect to see 4% rate of growth a year on average. Take that 4% off the top every year to get your lifestyle allowance.
To add to this, you can reduce your burn rate significantly by living in a poor country like Ukraine or Thailand.
you could. I'm also reducing my future burn rate by owning a house. After the mortgage is paid off, property tax + insurance comes out to about 202 a month, which is significantly less than renting a modest apartment, at around 600 a month. Additionally, I can make a little extra money renting the spare bedroom if I'm ever in a dire financial situation.
They no-English though.
Anyway I think your idea is great. Most people aren't disciplined enough to save aggressively, but I'm working towards a similar goal by putting $3,000 into the market every month. I don't just want enough money to retire comfortably. I want to be a rich mother fucker with income that never stops growing.
I wish I knew how to invest money. I just don't believe in the market, it seems like bullshit. It could crash at any moment and your savings are gone.
another thing i do to lower burnrate is have friends who are on foodstamps. They're all lazy and stupid and some of them are on disability, so they let me eat for free because when i come over, I help them cook, I go grocery shopping with them and show them how to get the cheapest meals from the grocery store, then help them clean up the kitchen when they're done cooking. For a couple hours a week of hanging out with people, I get several free meals. In the month since I implemented this, I've reduced my food expenditures by a little over half.
build a dividend portfolio and live off dividends.
investing means taking risk. Try Vanguard index funds, there are a bunch of different types, you don't really have to know anything, and the fees are very low. Overall, a good place to put your money, have it grow a bit, and forget about it for the most part.
If you invest in a mutual/index fund it's as easy as opening another bank account.
Your savings aren't gone unless you sell during a crash, but if you hold onto the shares you can go through multiple crashes and stay ahead because historically the stocks market average has been profitable.
That said. Don't put ALL your savings in the market. Keep a cash fund like a money market as short term savings in case you lost your job.
The people who lose money are retards who fall for ponzi schemes instead of going to a creditable bank, or they don't diversify enough by investing in different stocks. An example would be using your entire life savings to buy blockbuster stocks in 2008 instead of an index fund.
Here's a retard who fell for a ponzi.
youtube.com
>it seems like bullshit
is not I just made +$1,000 in 20 min on the stock market. I am making more money then doctors do in an hour.
except you can also lose that much money if the thing you put your money in goes down instead.
This.
Long-term investing is the best strategy because any retard can do it and enjoy the benefits without gambling on share prices. Potentially losing a fuck ton of money in the process.
you can average down by buying more if the stock goes down on good companies. The reward is worth the risk.
>Buy stock
>Goes down
>Double down
>Goes down more
Still sounds more like gambling than investment to me, son
>purchase drugs from the dark web
>sell them to local junkies at 300% markup
"Gotta win my losses back!" ... Gamblers mindset.
Stay safe user.
Get a job and live like shit for some months, saving money. Roulette. If you lose, repeat. If you win, hell yeah.
be like james patterson amd write novels for edgy tweenagers
guide:
>the protagonist has a 70% chance of being a girl
>they are special and different from the others
>and the government wants to get rid of them becauze of that
>and they're super special and gifted except also oppressed and depressed :(
literally anything that follows that will make thousands
oh and the ending is them beating the government
I said on good companies that have good fundamentals. don't do that on shitty stocks like snapchat
I know what you mean, but I don't like the strategy behind it. Buying and selling to earn quick profits. Going all in to a falling stock because surely it'll go up! (but who knows when...)
And you know, it probably will, but it could also be a really long time before you break even again. In the meantime you would've tied your money up for mediocre gains if any.
It could be tied up for a long longer than you think. Look at what SONY stock was worth in the year 2000. If you bought shares in early 2001 thinking "I BOUGHT THE LOW" the share would still be valued less today after almost 2 decades.
Quick profits = Quick losses. Create a balanced portfolio and don't double down because of a price change. Stay consistent.
>Unironically join the army
>Don't need math if you have muscle mass
>Proceed to live in the barracks
>Free food, freed beds and free water
It's shit and boring at some point but is one way of starting your life if you don't have any money. Save as much as money you can and study hard, being doing this for almost two years, I'm being discharged the February, saved enough money to pay for my education and for a few house itens
this pretty much
good investing is pretty much all about consistency, putting a little money aside every paycheck expecting a solid ROI over a long period of time. If you have to micromanage your investments, you're doing it wrong. Not just from a returns standpoint, but from a mission standpoint. The point of all the investment is to someday have your money work for you, and support you. If you have to day trade, your money isn't doing the work, you are, and you're making what should be passive income into a part time job.