Having $2,000 in a checking account, $5,000 in savings, and $150,000 in investments puts you in a much better position than someone earning $250,000 a year but spending it all.
Income is just a number, but how you manage your expenses determines your financial future. Make smart choices or remain financially strapped.
Well said... tho I'd put that 5000 in SURGE instead of a savings account.
Ever read The Millionaire Next Door?
Appreciate the thought on SURGE, though I prefer keeping savings liquid for emergencies. Growth comes from investments, not savings accounts. Haven't read The Millionaire Next Door yet, but it's on my list—sounds like my kind of read
When we talk investments... dividend paying investments, $SURGE work pretty much the same as MicroStrategy's STRK. Surge has a 15% yield (actually because of its discounted price it's closer to 19%)
Good point on the dividend angle with SURGE. That 15-19% yield is tempting, but I’m cautious about locking up emergency funds in anything volatile. Liquidity matters for peace of mind. Sticking to proven, boring investments for now
Good practice. Sorry if I seemed pushy... I surely didn't mean to convince you of different strategies.
I was there a while until recently! But I do have some extra coins to play with at the moment.
No worries at all, I didn’t take it as pushy. Just sticking to what’s worked for me over the years with liquidity. Glad you’ve got some extra coins to experiment with though—playing around can pay off if you’re smart about it
Right on, I'm glad. And thanks for the follow 😃
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