@>_ how much money do you make?

no I need to make more money

I make alright for my age and area

my answer is "I don't know yet, this year"

yeah, but like how much?

more than 40k/yr?

I make enough to spend too much frivolously

60k/yr?

don't spend money frivolously, even if it looks like you can

put those lattes in to Vanguard index funds

You will not regret it in the least, I can almost guarantee.

yeah dont be stupid and spend ypur money

save it up

Your savings ratio should be like... 75%, if you make 100-120k/yr.

until you make enough to subsist without work for the rest of your life

What is a vanguard index fund.

Vanguard is a company which runs index funds

index funds are investment funds which allow you to trade against an index

and index is a set of stocks

Clearly, I don't invest.

vanguard index funds are investment funds which allow you to invest in a large number of stocks in aggregate

But would like to start.

They beat active fund management in almost every case

who pinged <.<

KONO DIO DAAAAA

How much do you need to invest.

What's the minimum amount.

and as long as you have the testicular fortitude to have faith in the market when it dips 20%, and choose to buy when it's cheap, rather than selling out of fear, you will win in almost every case if you just buy one index fund

@Inquisition as much as you can, or as little as you have

I have a few hundred sitting in a savings account.

start at a tiny ratio of savings

and think of it like a game

Also if you are in the US and are a low income earner you have tax form 4440 that grants a massive tax cut to match your savings

- + @4AM_critter 🐉

And the congress passed a new bill enabling a type of account similar to Canada's TFSAs

Bot disabled in general chat to reduce spam

allows you to save without certain tax disincentives

Dab

@Inquisition save 6 months of expenses in a savings account to protect against emergencies, then invest a percent of spare cash after exspenses

six months of take-home pay is a good standard for an emergency fund

the vast majority of people can achieve this, if they are willing to live within their means