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what i do with my money pt 1

  • Writer: k37900913
    k37900913
  • Nov 14, 2023
  • 1 min read

Updated: Jan 28, 2024

You should save a minimum of three to six months of what you can live on if you go bankrupt so you will know how much money you can survive on. I would save a couple of years if I were to go bankrupt and pay off all of my debts first the one with the highest interest rate, then pay that off. I would suggest you save 10 percent of your paycheck every time you get paid

what i do is put 10 percent of the money i make in divend stocks im not going to to tell you the stocks i invest in do your own research but what i am going to tell you is to put the money you make from divend stocks back in the stock so you get more money back its called the divend snowball The idea behind investing in dividend stocks is that, if you put back the money you earn from the dividend stocks, then you will increase your total investment, which will lead to more dividends and more money. This will build up over time and allow you to increase your wealth over time.


What Is the 10% Rule of Investing? The 10% rule of investing states that you must save 10% of your income in order to maintain a comfortable lifestyle during retirement.


books i recommend

rich dad poor dad https://amzn.to/3HxQgIC

The Millionaire Fastlane https://amzn.to/42e3YKf

ok bye.



 
 
 

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