$aving that money to invest and make more money

SniperGod
SniperGod

I'm going to be a career firefighter soon. I'm not about being a poorfag though. I am going to budget and try to save 20-30k per year with my firefighter job. Even if it means I'll be living on rice and beans. How should I invest my 20-30k per year I will be saving?

All urls found in this thread:
http://thereformedbroker.com/
VisualMaster
VisualMaster

@SniperGod
Low expense index funds

eGremlin
eGremlin

@VisualMaster
How or what do I research so I can study up on this stuff? Also what is generally the return on this and how long does it take to get a return?

BunnyJinx
BunnyJinx

@eGremlin
this is a good blog to start with http://thereformedbroker.com/

Stark_Naked
Stark_Naked

@SniperGod
bump for more info

Lunatick
Lunatick

@Stark_Naked
Go get a couple books from the library. You will get better advice than from this Mongolian goat herding forum.

King_Martha
King_Martha

@Lunatick
idk what books to get though. any suggestions?

haveahappyday
haveahappyday

@King_Martha
Everything you can get your hands on. Go to the section and just start browsing, take home whatever you find interesting.

Listen, what you should get through your head right away is that there is no "Holy Grail" or single road map to success. You need to build on your own experiences and knowledge, and create a plan that works best for your individual situation. So, since I know literally nothing about you except that you're a firefighter and want to save 20-30k per year, I'm not going to tell you exactly what to do. Take your time, read a lot, and you'll figure it out. Or go pay someone to do it for you.

5mileys
5mileys

I started investing in 2011 with $10K. I contribute $250 a month, and have about $46,730 now. IRR is 13.09%.

I contribute monthly to VOO and EDV re-balancing once a year so it's 80% VOO 20% EDV.

Deadlyinx
Deadlyinx

@SniperGod
Better be ufc. I know a world champion kickboxer and he has a dayjob...

Snarelure
Snarelure

@haveahappyday
This is s age advise. Sry for the gap.

It is maybe 1 time a week i see solid advice here.

Any and all books user.

My personally i started with richdad poordad. Love or hate kiyasaki i was intrigued. Any book i find i like i write a list of the books that they recomend in the book. Just go from there.

I started i had no money and used credit cards to buy used books at hastings.

Now im looking to retire soon.

The single best advice i ever got was "The more you learn the more you earn." Tai Lopez's goofy ass shills it daily. Bit he's not wrong.

Reading is one of my least favorite thing to do and i am halfway done building a library in my spare bedroom just to get shit orginized. I got a loooot of fucki g books for someone with a d in english.

whereismyname
whereismyname

@haveahappyday
@Snarelure
another great and basic
always spend less than you earn

idontknow
idontknow

I never understand these threads where people stockpile their money. Yes you should be financially responsible and plan for retirement but you should never live like a monk and sacrifice your happiness today for a future thats not gauranteed

Carnalpleasure
Carnalpleasure

@SniperGod
I'm not about being a poorfag
I'll be living on rice and beans

Emberburn
Emberburn

@VisualMaster

/thread

Use a good fund for 20 - 30 years and you will retire a rich man.

LuckyDusty
LuckyDusty

@SniperGod
buy a decent sized piece of land and put a durable house on it.

no matter what happens you will always have a place to live and grow food for yourself, as well as a potential place of business.

thats the very first investment any young person should make.

StrangeWizard
StrangeWizard

@SniperGod
girls are supposed to be soft

Ignoramus
Ignoramus

@StrangeWizard
She is about as hard as my cock is right now.. diamonds.

Nojokur
Nojokur

@idontknow
The point is not neccessarily stockpiling a great amount of money, but making a system which makes you happy no matter at what point in your life you are

@StrangeWizard
yes

@VisualMaster
yes

@SniperGod
also dividend aristocrats & kings

Sharpcharm
Sharpcharm

@VisualMaster

This.

Vanguard or Fidelity.

60% US stock fund, 30% international stock fund, 10% bond fund.

More or less bonds depending on your age and risk level.

Done.

StrangeWizard
StrangeWizard

I have about 500€ I can use however i want right now.
What is babby's first investment?

Ignoramus
Ignoramus

@StrangeWizard
Did you literally not read anything in this thread?

lostmypassword
lostmypassword

@Sharpcharm
first of all. you forgot 10% oil .

FastChef
FastChef

@StrangeWizard
a vasectomy. not joking either. its insurance against a $200k expense... for one

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