GreenFrog
Stylish Dinosaur
- Joined
- Oct 20, 2008
- Messages
- 13,767
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Your monthly expenses(by which I mean bills that have to be paid every month) should never exceed 50% of what you bring home. I would aim for %25. This gives you alot of free money to go skiiing, enjoy a cruise, invest in other business ideas.
If you live like this you will be surprised just how fast things will grow. I still have my day job. Only because I make alot of contacts and it keeps me form getting bored. But it's only about 1/5th of what I make. Rest comes from investments I have been able to make because I had the money ready to make that investment.
Don't do like I did and ************* up right at the start. Took me over 10 years to sort myself out.
What investments do you have? I ideally want to invest in real estate and maybe get some cash flow as a landlord.. or maybe flip some properties.