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I don't buy something unless I really need it and I will spend more on quality over buying cheap
10 bucks for a six breast sleeve of chicken. Olive oil in a baking dish. 10 bucks for like 50 uses. Some seasoning. My preferred one is 10 bucks, probably 20 uses. Oven at 350. That’s five days of food for most. I’m bodybuilding so that’s two days of food and maybe a half hour of effort total. Throw in greens of some sort and you’re done.Avoid eating out. Buying ingredients and cooking at home will save you a lot of money.
Will it though? Time is money and it takes quite a bit of time to go to the store, buy what I need then drive back home, prepare the meal, then clean up the mess. And all those steps also cost actual money whether its fuel for my vehicle, gas to cook the food or water to clean up the mess. There's costs attached every step of the way.
I don't know who Dave Ramsey is but if this is his advice, then I don't need to know.
Post some good financial advice to live by. The younger you are when you start following these, the better.
I got most of these from listening to Dave Ramsey.
Never buy a brand new car, unless your net worth is over 1 million US.
I think the rule of thumb is buy a 5 year old vehicle, not a truck. Buy a Toyota Corolla over a Camry. Never buy a GM or European car.
Never buy a brand new phone. Buy a phone that's 2 years old.
Put 15% of your income into a matching 401k provided by your workplace if they provide it.
Never buy/rent a home/apartment that costs more than 1/4 if your gross monthly income.
Avoid eating out. Buying ingredients and cooking at home will save you a lot of money.
Have a 3 month emergency fund.
What else are good financial habits?
They deliver groceries, you can have your shopping list saved. You can make food for a family in under 30min easy. A meal for my family is gonna cost a lot more from takeout. Also it's full of sugar and salt from takeout with often shit ingredients.Avoid eating out. Buying ingredients and cooking at home will save you a lot of money.
Will it though? Time is money and it takes quite a bit of time to go to the store, buy what I need then drive back home, prepare the meal, then clean up the mess. And all those steps also cost actual money whether its fuel for my vehicle, gas to cook the food or water to clean up the mess. There's costs attached every step of the way.
I don't know who Dave Ramsey is but if this is his advice, then I don't need to know.
Investing can be done on your own, you can learn that stuff and not be bothered..... much- Buy everything you absolutely can in cash. Use cash to make cash. Pay someone to invest for you (guided investing), you are unlikely to beat the market. If you have a 401k, max it out if you can. Same with HSA, you’re gonna get sick one day. But, really, this is simple advice. You should ask why to everything, research and run a cost/benefit analysis. What are you giving up to get something? Be critical of your time first, money second. The first ALWAYS leads to the second. The first is also finite, money to a much lesser extent.
- Do not trust anyone, even relatives, with your fucking money. Good god. Just don’t do it. If you want to give, give once and be done. If you want to indemnify someone at no cost, the burden is on them to manage themselves. Most people who live crappy lives (without intense external influence) are because of a lack of will in my own experience. It all may be confirmation bias.
The stripper doesn't like you, she just wants you to pay for more dances.
Investing can be done on your own, you can learn that stuff and not be bothered..... much
you can do the bare minimum, as you say, you wont beat the market, so.... invest in the market, simply put your own money on vti or similar, total market ETF. Do this every month, watch it grow, but not only that, you get a sense of how pricing works. As time progresses, you can improve your entry points, as time progresses, maybe you try your hand with other stocks and learn about what works and what doesnt. Using assets to make more assets can be life changing.