/biz/ - Business & Finance

diagram

>>654285
>Do you think this needs to be explicitly stated?
put "reinvest your returns" in somewhere, to help build an impression of what they should be doing maybe

>how should we combine "be frugal" with "spend less than you earn"
they should be spending less in general, saving more than 10% if possible

when considering a new purchase try to think in the long term, what it will do for you, how long it will last, of course the price, if you are tempted to impulse buy an expensive item wait a month and see if you still want it and only then make the purchase.

a penny saved is a penny earned, people often spend on things they don't need or spend more than they should and don't realize it, a good way to find ways to save money is to create a budget, it can be one of the easiest ways to increase your net income, easily the equivalent of a pay rise

something like that, maybe squeeze in the idea of selling old clutter at flea markets or on ebay

>what to do during bear markets
not even the experts know what to do during bear markets, there is also the risk people might misinterpret and overreact to a slight blip in the S&P 500, I suppose you could mention this and suggest to beginner investors to put their money into very low risk stocks and funds for the long term, not fretting over the business cycle

>I, personally, think it's a bit outside the scope of the guide.
a quick example of what to look out for maybe