The Frugal Fren on Nostr: Everyone starts at the beginning. So give yourself a chance. The good news is, it is ...
Everyone starts at the beginning. So give yourself a chance.
The good news is, it is simple!
Automatic investments already exists, so you have to set it up once to buy every day or every week or every month and just forget it.
Even 10 euro buys matter! The most important part is to start yesterday!
I highly suggest automatic investments, because it requires no action from you, and in a year or two, you will just realize, damn how much I just saved/invested without even noticing!
⚠️ Not financial advice!
#idea #grownostr #nostr #thenostr #plebchain #danstr #utxo #coffeechain
The good news is, it is simple!
Automatic investments already exists, so you have to set it up once to buy every day or every week or every month and just forget it.
Even 10 euro buys matter! The most important part is to start yesterday!
I highly suggest automatic investments, because it requires no action from you, and in a year or two, you will just realize, damn how much I just saved/invested without even noticing!
⚠️ Not financial advice!
quoting nevent1q…6q9cLevels of financial independence:
⚠️ Dependence: You spend more than you earn. Your income is not enough to support your life and your debts.
0️⃣ Self-sufficient-ness: You spend less than you earn. Your salary is enough to finance your life and your debts.
1️⃣ Stability: You have no consumer debt, and you saved your monthly cost multiple times (emergency fund).
2️⃣ Debt Freedom: You paid off your high-interest debts.
3️⃣ Starter Saver: You saved 1 times your current annual expenses.
4️⃣ Medium Saver: You saved 5 times your current annual expenses.
5️⃣ Expert Saver: You saved 10 times your current annual expenses.
6️⃣ Financial Security: Your saving's cashflow pays your basic survival needs for the rest of your life. (Eating ramen and housing)
7️⃣ Financial Independence: Your saving's cashflow pays your current lifestyle for the rest of your life.
8️⃣ Financial Freedom: Your saving's cashflow pays your wanted lifestyle.
9️⃣ Financial Abundance: Your saving's cashflow provide you more money then you will ever need.
Use this as a guide to find your current level, and to set goals for yourself to reach the next step.
#financialindependence #financialfreedom #fire #retireearly #grownostr #plebchain #coffeechain #value4value #valueforvalue #money #finance
#idea #grownostr #nostr #thenostr #plebchain #danstr #utxo #coffeechain