You do not get rich from income. You get rich from wealth. Income can help you acquire wealth.
Early in your career, aim to change jobs every 3-5 years. Your income and career will rise much faster and you will gain more experience.
Take on debt when it is cheap, so long as it goes towards durable goods or personal investment. Loans where the interest rate is lower than inflation is free money.
Talk to a loan officer before you start saving up for a house. You may not have the right savings goals in mind.
Nothing will eat away at your finances worse and more quietly than a car payment. For the monthly cost of a new Camry, you could buy an old running Camry every 5 months.
Nothing will save you money more than roommates.
Know yourself. If you chase side-projects and have ambition, don't stick all your money into retirement - set aside money for direct investments. If you just want to work the bare minimum and play video games, then squirrel away at a steady rate.
Having cash or savings when entering a recession is how people get wealthy.
The best investments are in private businesses, followed by real estate, followed by stocks, followed by bonds. But it is also directly proportional with risk and effort.
You may come to a point in your life when your time is worth more to you than your money. Don't become accustomed to wasting either.
Early in your career, aim to change jobs every 3-5 years. Your income and career will rise much faster and you will gain more experience.
Take on debt when it is cheap, so long as it goes towards durable goods or personal investment. Loans where the interest rate is lower than inflation is free money.
Talk to a loan officer before you start saving up for a house. You may not have the right savings goals in mind.
Nothing will eat away at your finances worse and more quietly than a car payment. For the monthly cost of a new Camry, you could buy an old running Camry every 5 months.
Nothing will save you money more than roommates.
Know yourself. If you chase side-projects and have ambition, don't stick all your money into retirement - set aside money for direct investments. If you just want to work the bare minimum and play video games, then squirrel away at a steady rate.
Having cash or savings when entering a recession is how people get wealthy.
The best investments are in private businesses, followed by real estate, followed by stocks, followed by bonds. But it is also directly proportional with risk and effort.
You may come to a point in your life when your time is worth more to you than your money. Don't become accustomed to wasting either.