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by blackrock 1959 days ago
Don’t get a girlfriend. Don’t get a wife. Don’t have a child.

Minimize social contact with friends and relatives. That’ll end up costing you money.

Save everything.

Try to aim for $30,000 in savings a year. In 10 years, you will have $300,000. You can do this.

Life will suck. You may feel like an empty shell, going through life, as you get older. And you may question what it is you’re doing, and why. But keep your eye on the prize.

Open a stock trading account. Put your money into SPY. Keep buying it. This is the S&P 500 market. Your goal is to get that 2-3% dividend. Reinvest that back into more shares of SPY.

After a while, it will start to compound.

In 5 years, learn how to write cash secured puts. This will allow you to make a little more money than just investing in SPY. There are more risks involved here, so keep your strategy conservative. Or if this is too complicated, then skip it, and just stick to investing in SPY.