Posted by: asdfgh February 9, 2019
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1) Buy cars with low mileage that are 4- 5 years old, will have steeply depcreciated, pay cash and buy from a private seller. Only have 1 car for the family.
2) Republic wireless costs $20/month.
3) Buy excellent/mint grade used phones that are 1 generation old, the seller will send a slighly used phone, complain to them and they'll send a mint phone.
4) Buy good quality clothes and use them a lot. I only have branded clothes but only buy them
twice or thrice a year. Think cost per use
5) To me the biggest idiot is a guy with 2 brand new cars that he pays 30k each and sees them go down to 10k in 5 years. Invest in index funds and watch them grow. Every time the market hits a high, sell a little and buy back when it's down.
6) 15 year mortgage.
7) If you're in IT or Data Science like me, you can do a side hustle for extra money. I went to
a couple of local tech meetups and now make about 1600 month working 10 hrs a week, that I
pay my mortgage with.
8) Register your side hustle as a LLC and get tax benefits.
9) Max out 401k.
10) Don't brag about your money, people hate it.
2) Republic wireless costs $20/month.
3) Buy excellent/mint grade used phones that are 1 generation old, the seller will send a slighly used phone, complain to them and they'll send a mint phone.
4) Buy good quality clothes and use them a lot. I only have branded clothes but only buy them
twice or thrice a year. Think cost per use
5) To me the biggest idiot is a guy with 2 brand new cars that he pays 30k each and sees them go down to 10k in 5 years. Invest in index funds and watch them grow. Every time the market hits a high, sell a little and buy back when it's down.
6) 15 year mortgage.
7) If you're in IT or Data Science like me, you can do a side hustle for extra money. I went to
a couple of local tech meetups and now make about 1600 month working 10 hrs a week, that I
pay my mortgage with.
8) Register your side hustle as a LLC and get tax benefits.
9) Max out 401k.
10) Don't brag about your money, people hate it.