Hi guyz,
I’m looking to achieve financial independence and would love your advice! I’m currently in my late 20s and have a steady job, but I want to make smarter financial choices to secure my future. What strategies or resources have worked for you in your journey to financial independence?
Don’t think of it as a “this worked for someone else, so it will work for me” situation. You need to find something you can start working on or investing in today that will pay off in the future. Choose something you are passionate about; if you don’t care about it, you’ll lose interest and probably fail. Focus on solving a common problem with a solution, or if you have the money, learn how to invest to grow your income.
There are no shortcuts. Get a job or start a business that gives you a steady income. Spend less than you earn and invest the rest in an index fund, ideally saving 20% to 30%. Let your money grow over the next 15 to 20 years. Don’t sell during market downturns, and you should have enough money to live off your investments. Is it boring? Yes. Does it take patience? Absolutely. But it’s one of the most reliable strategies you can follow.
I started an email marketing agency focused on B2B marketing a year ago, and it has worked really well for me! Within the first two months, I landed my first clients, each paying $2,500 per month. Now, I have seven clients, with payments ranging from $2,500 to $7,000 per month.
Any total stock index fund can be a great choice. A couple of my favorites are the Vanguard Total Stock Index Fund (VTSAX) and the Fidelity Total Stock Index Fund (FSKAX).
I started an email marketing agency for B2B marketing a year ago, and it has been very successful! In my first two months, I gained my first clients, each paying $2,500 per month. Now, I have seven clients, and their payments range from $2,500 to $7,000 per month.