Date: 2008-11-20 03:28 am (UTC)
From: [identity profile] wolven.livejournal.com
Now if only i could find a way to parlay this into a ridiculous amount of money...

Date: 2008-11-20 03:42 am (UTC)
From: [identity profile] hametsunosaturn.livejournal.com
Actually, smart savings and investing and anyone with a decent salary can become rich. Mostly the saving, in today's economy.

Well, then again, if you're looking in the long run, now is the perfect time to invest, because all shares are cheep as hell. You just have to pick something you know is gonna be around for a long, long time. For example, don't invest in Ford, but maybe invest in Google, or a Roth INR or something.

Anyway, point is, someone who makes six digits won't necessarily have more money in the long run. If they spend like mad and never save, eventually they'll run out of money. If you save and spend wisely, in the long run, you'll be just dandy. You know, barring emergencies, like insane medical bills. God(s), Fates and whatever other higher power forbid anything like that happens, though. <3 :)

Uhm, I'm gonna unhinge my "nebulous 'business' degree" self now. o.o

Date: 2008-11-20 03:59 am (UTC)
From: [identity profile] wolven.livejournal.com
Yeah it's the "right investment" thing. Things which seem pretty integral may collapse, at any moment. And I don't have enough money to pay a financial adviser.

Plus, I want to get long-term paid for doing what I love, investments or no. ;)

Date: 2008-11-20 04:29 am (UTC)
From: [identity profile] hametsunosaturn.livejournal.com
Oh, well, of course.

Having a stable income that you can live off is kind of step one before investments. The saving part is more important than the investing part, obviously. But Roth accounts are where you invest in people who invest in people, so you don't have to pick the "right investment".

The point I'd intended to make before getting sidetracked in the first post was that you can get rich off a normal salary just by saving right. :) It's all about the finance. Pick a percentage and stick to saving at least that percent of every paycheck -- be it 10% or 15% or 5%. Keep it in a savings account and don't touch it [if you can help it]. It's the ... get-rich-slow-and-steady plan.

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