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Three habits for financial independence

Thread in 'Finance / Investing' started by Toothpick, Jul 8, 2020.

  1. Toothpick

    Toothpick Encrypting all the things Supporter

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    Snack, imawoodsman and TheGman like this.
  2. The Old Jaybird

    The Old Jaybird The Hen that laid the Golden Legos Supporter

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  3. NewLeaf

    NewLeaf Russian Troll Supporter

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    Don't hate da play'a...hate da game . haha
     
  4. Danny Flucke

    Danny Flucke Hunter

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    No divorces / No kids works too.

    Married 25yrs this past April. We came out of retirement for this opportunity in GA.

    Double incomes works wonders... :)
     
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  5. imawoodsman

    imawoodsman Old Outdoorsman Supporter

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    Start early in life! 20s or 30s
     
  6. Snack

    Snack Tracker

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    1. Very good words :thumb: and I’ll add to cook meals at home, eating out adds up to being very expensive and drive your vehicle until the wheels fall off.
     
  7. Trailrider

    Trailrider The Hen that laid the Golden Legos Supporter

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    Great advice, I'm trying to focus on # 3, create multiple streams of income. Wife and I both have good jobs, but I'm looking to get in to other side gigs to make more cash flow.

    I'm seriously considering getting in to real-estate. I've been researching rental investments but just haven't bit the bullet yet.
     
    Toothpick likes this.
  8. Horsehat

    Horsehat Doulus tou Theou Supporter

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    buy when others are selling, sell when others are buying.
    Pay at the pump, avoid daily $5-$7 trips into the convenience store.
    Pack your lunch.
    Use debt, don’t be used by it, avoid whenever possible.
    Any time you purchase an asset consider how it will resell.
     
    Trailrider and Snack like this.
  9. whiskerz

    whiskerz Why ? Supporter

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    I am curious where do the hookers and blow fit in this plan?
     
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  10. Morgan

    Morgan ODT Junkie! Supporter

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    #7. Minimize Realized Income