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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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14421191 No.14421191 [Reply] [Original]

We all know that retirement accounts exist. Everyone can open one, keep putting an amount of money every month, get access to the money after many years, in most cases with a profit due to the retirement account being invested. What if I told you you can do the same, with safety, higher profits, and access to your money whenever you want. It sounds and is very ideal obviously. The following information represent my plan, which is influenced by me and many standards used by financially successful people.
1. Calculate your monthly expenses, and store savings up to 6 months. For example, if you need 1000$ every month, your savings (paypal, bank, etc) collectively must be 6000$.
2. Invest the rest of the money every month, quarter, or year. For example, if you make a monthly income of 2000$, and you need 1200$ for all expenses (and personal entertainment), you use that and invest 800$.
3. Always keep track of your savings. If you need a new computer for 1500$, and your savings we talked before are 6000$, go and buy the computer, BUT "do not invest unless you recover the used savings from your income". This is a very important rule to ensure your financial safety and commitment.
4. Check your investments once a week to see their performance. Anything less than that is not recommended psychologically, nor required as they will be invested safely as we initially said.
5. Finally, leave your investments for at least 5 years, and anything more is also very recommended. Keep in mind that you are making financial progress, and start investing in yourself. Improve your character, improve your job, and create life opportunities. Most traders do not have that right due to time and risk limitation.

Don't rush your financial state with unsafe investments, which will put you in severe anxiety. There's more to life other than money, and with my plan you can have money too.

>> No.14421204
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14421204

or u cld gamble with alts n maybe lose it all

>> No.14421262

>>14421191
Yes, good goy keep working and leave that money in good hands

>> No.14421269

>>14421191
>heres an incredible retirement plan that you can access at any time.
>literally just describes saving money
>None of the tax-deferred benefits of a 401k