Your body. Eat healthy, drink water, remove stress, workout at least 30 minutes a day, and sleep regularly
remove stress
Just use blackhead strips all over the body, or is it something that a large dose of Metamucil will fix?
CDC calls for a little less, 75m of intensive exercise a week and two full body workouts a week (At a minimum)
S&P 500 is pretty solid.
I concur on this one. Open a Roth IRA and put it towards an S&P 500 mutual fund with low fees. I use Schwab because it’s free to open an account and deposit money.
Strategy wise it’s good to mention that you approach this as a savings thing so you deposit, say, monthly. That way you compound your interest and that can really ramp up quickly.
Yeah, totally agree. I’d say take some percent of your paycheck and put it towards this.
Historically, it has been. Right now is shaky. SPY was over 600 and now having a hard time at 589.
I’ve read somewhere that S&P 500 capitalization is driven up by the IA hype ?
S&P takes the 500 most profitable companies in the US and builds an index off of that. S&P usually goes about 7% return but markets are very bullish on AI. It’s similar to the dotcom bubble so definitely not without risk.
Currently nvidia is driving the S&P up but nvidia might crash one day like cisco did back then.
I’ve got some Vanguard funds and I like them. $VTTHX for example
I second this, wife put money to save for kids when they’re older and it over performed by quite a bit. I forget how much since she also sneaks 1k in here and there but an initial 10k plus the bits she added are now 24k after a couple years.
Bikes and retirement aside, I’d recommend knowledge - career skills, but also handiness skills. If you can do simple repairs like replacing a door, changing the flap on a toilet, painting, preventative stuff like changing your air filters, simple electronics (replacing a light switch), etc you’ll save thousands on repairs as a homeowner. Today there’s almost nothing that you can’t find an in depth video tutorial on, but if you really don’t feel comfortable with basic tools most community colleges have cheap classes as do some hardware stores. Volunteering, even just to help friends with their projects, can be an amazing way to learn too.
I’ve posted this on lemmy once before, but assuming you’ve maxed your 401k or other retirement, my go to strategy has been to buy a few shares of VTI every paycheck. If there was anything left over, or I couldn’t afford VTI, I’d buy SPYG. I’ve been doing this for a very long time and it has paid off well for me. I’m not rich enough to stop working, but if I lost my job for a while, I’d be fine.
Then on a personal level, join a local sport. In my area there are a bunch, indoor soccer, flag football, volleyball, rock climbing, etc… This gets you cardio without having to force yourself to go to the gym.
Max out HSA if you have one first, then move on to 401k and a Roth or traditional IRA if you don’t qualify for the Roth. Then you do a backdoor Roth until they close the loophole.
Fill up contributions to your HSA, your 401(k) up to the employer match, your IRA, and then the rest of your 401(k), in that order. (YMMV if you’re self-employed or in the public sector and have more unusual tax-advantaged investments instead.)
By the way: I suggest asking your question at !fire@lemmy.ml [“FIRE” = “Financially Independent, Retire Early”].
Healthy relationships with people. This costs a lot of time and energy, but well worth it in the end.
Invest in yourself!
From the “Financial Advice Index Card”:
1. Max your 401(k) or equivalent employee contribution.
2. Buy inexpensive, well-diversified mutual funds such as Vanguard Target 20xx funds.
3. Never buy or sell an individual security. The person on the other side of the table knows more than you do about this stuff.
4. Save 20% of your money.
5. Pay your credit card balance in full every month.
6. Maximize tax-advantaged savings vehicles like Roth, SEP and 529 accounts.
7. Pay attention to fees. Avoid actively managed funds.
8. Make Financial Advisors commit to the fiduciary standard.
9. Promote social insurance programs to help people when things go wrong.
I disagree with #2. All of the target date funds tend to have 1.5-2% returns and are largely intended for people that aren’t looking at alternatives. Almost anything is better.
Your happiness
