First commit to save up like $15 - 20k. That will be your emergency fund. Put it in a savings account and forget about it. Then, even if you lose your job or have a medical emergency you'll be fine and not have to sell anything.
Next, read mrmoneymustache.com - he teaches how to save up enough to retire early, like in your 30s.
>>1075736 Small-scale or large-scale? As in: eBay flipping or buy bulk sell singular?
>>1075738 Rainy day fund seems like a good idea. I'll read up on mrmoneymustache, I've heard a lot about it. Seems like even if I don't want to retire (I like working), it's a good way to have additional money.
>>1075743 >>1075773 I got mixed feelings about investing. I know it's a good idea but I can't help but feel taken advantage of at every step. >Read books by people wanting to capitalize off of poorfags who want to get rich >Invest through people who just take a chunk of my money to do the paperwork >Pay tax off of what I earned if I finally make money I guess I just need to stop bitching and actually do it.
>>1075752 I prefer greedisgood 999999, it even gives me lumber
>>1075773 If I'm really good at World of Warcraft economies would I be good at day trading? ;^)
I feel like I have the personality for day trading (math and spreadsheet junkie with no life), but I need my hand held when it comes to real life. I don't know who to make a "day trading account" with, what kind of information or paperwork is needed, how to actually initiate the trade, who do I "buy from", who do I "sell to", what is the real-life equivalent of the "auction house" that I spend all my time camping, etc.
>>1076395 >If I'm really good at World of Warcraft economies would I be good at day trading? ;^)
This is what got me into trading. No, it won't make you good at stocks but it shows you have interest and will making learning easy as shit while also giving you a bit of an understanding how shit works.
Yale and others have free classes online that will teach you everything you need to know and more.
Wow is like baby tier trading but there are similarities.
OP, If you can really save 3k a month, you're doing great. I work a shit job and can only save 1k/month which is pathetic. Assuming you have nothing right now,you should be able to have a 10k emergency fund, and 26k in investments by this time next year.
>>1077781 I've already admitted being a buffoon when it comes to investing. Swing trading seems to be a viable, but the amount of money I have to pay to buy/sell stocks would make it pretty much completely a guranteed loss, or am I missing something?
On any note, my monthly surplus will only make it easier for me to build capital, so I would say STEM is still good.
This advice is all terrible. At a minimum you should put $2000/mo into a sit-and-forget set up, like a diversified collection of ETFs (lots of equities, a little bit of fixed income).
I do not know how long you can sustain these savings, but $24,000/yr can quickly grow into a retirement fund that will let you quit being a wagecuck early. In fact, the more you put a way the quicker it will happen.
If you do $2000/mo you can use the remaining $1000/mo as funny money for riskier investments and hope for bigger gains in the short to medium term. There is nothing wrong with doing soemething like that, but it would be silly to do only that and cuck yourself out of a comfortable retirement.
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