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by WheelsAtLarge
1275 days ago
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>1. Live below your means. Take this seriously. Make sure you invest the surplus cash in an index fund. In time you'll have enough money to not fear a job loss. There's a lot of freedom in that. Keep in mind that most of the stuff you want ends up in the trash or on some shelf collecting dust. So, think twice about what you buy. |
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That depends on what you eventually want to use the money for. Don't put your 6 month emergency fund in stocks or index funds! If you get laid off along with everyone else, stocks will be down, and that means the money you set aside for an emergency is gone!