| Didn’t expect to post a follow up, so literally threw away the password. Instead of answering your questions directly, I’ll speak broadly about this as I think it’s more useful. - You need to start off with a job. A decent paying job. This sets the tone, if you will, for anything else you do. If your job isn’t paying you well, learn the skills you need to get a better paying job and apply to those places. Ideally you do this the younger you are, but regardless of age this is the first step. - if you are not single, make sure your significant other is willing to live “poor” even though you have money. This is more of a mindset than anything else. Approach this like you would as if you’re starting a business. When my SO and I got married, I explained we can be successful financially if we work as a team. By doing so, anything we do as we are doing it with a shared goal. - forget about the FIRE lifestyle. Investing to get dividend so one doesn’t have to work anymore is not great because it doesn’t account enough for unexpected circumstances. Keep working, save diligently and invest. One day you’ll wake up with enough money and realize you now have the option to quit, but it’ll be on your own terms. - if you start a side business (software or otherwise), make sure it can run itself. Don’t make it an overly big project. Wordpress plugins, slack apps, that sort of thing. I’ve built like 20 projects or so. Most of them flip. 1-2 bring in most of the revenue, but I have half a dozen that brings in several hundred a month. Copy ideas, but don’t plagiarize. Keep development time to less than a month and launch. - stocks. Buy safe and boring stocks for 95% of your portfolio. Ignore it. Stick with etf. The other 5% be speculative. Good luck. It’s just a lot of small steps and hard work. If you have a good paying job, that’s probably the hardest part. It’s the cornerstone to ensure enough stability for you to save and invest for the future. |