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61% of people live paycheck-to-paycheck: How to grow money?
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Milk The Cow
joined discussion06/06/2022 20:50
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61% of people live paycheck-to-paycheck - My view?

61% of people live paycheck-to-paycheck - My view?
Sure boh Shocked? Maybe this is one of the reasons that contributed to inflation Trick.

Do I live paycheck-to-paycheck?
"Paycheck-to-paycheck = To spend all of the money from one paycheck before receiving the next paycheck? Shocked"
If so, then NO Trick.
I can't imagine myself living such a wild life like that Chuckle.
I still preferred a future that has enough wealth & spending power 🔋 & has no worries about financial at all Grin.
This is also one of the reasons as to why I started investing. If not, there is no much convincing reasons to begin with Emm (I'm not a gambler addict Smug).

Is it necessary to save certain amount of cash flow to invest / trade?
Definitely a YES Grin.
U need to have bullets before u can shoot 🔫 Trick.
Even Warren Buffett also preferred a lots of cash on hand to prepare for an opportunity Trick.
Well, some pro investors may tell u that u do not need a lots of cash flow to invest, eg. 10k or maybe even as low as 1k is enough for u to make it to 1M or 100k in maybe 3 monthsShocked?
DON'T listen to those idiots Angry,  their levels are too high from normal investors. (Don't let idiots talked u into it Speechless.)
Also, I guessed that they do leverages in order to make it happened...Emm
They know what they are doing so...Speechless
Normal investors like us should just do it at our own pace = DO NOT leverage except u know what u are doing Smart.
U can just DCA for a beginner noob investor. But make sure it's a good company/stock Cool Guy.
$SPDR S&P 500 ETF(SPY.US)$
$Vanguard S&P 500 ETF(VOO.US)$
$Invesco QQQ Trust(QQQ.US)$
61% of people live paycheck-to-paycheck - My view?
I preferred financial freedom = I'm flexible.
I can DCA or Buy & Sell at my OTOT if there is a need to Trick.
Just control/manage my emotions Grin.

Always DYODD before investing OKCool

PeaceShake
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