Comment on Ask HN: What piece of financial advice made the greatest impact on your life?Comments−WheelsAtLarge3yStop trading stocks.Use index funds.Ignore the ups and downs and make sure you add a set amount monthly.Pay yourself first by making your monthly investment before any other bills.Do it now and for the rest of your life.Don't sell until you retire.−zja3yPay yourself first by making your monthly investment before any other bills.You should probably prioritize rent, groceries, credit card debt, and other bills over buying index funds!−WheelsAtLarge3yPay yourself first is the best way to ensure that you save consistently. You have to figure out how to do it AND pay your bills."What Does Paying Yourself First Mean?" https://www.investopedia.com/terms/p/payyourselffirst.asp
Comments
Stop trading stocks.
Use index funds.
Ignore the ups and downs and make sure you add a set amount monthly.
Pay yourself first by making your monthly investment before any other bills.
Do it now and for the rest of your life.
Don't sell until you retire.
You should probably prioritize rent, groceries, credit card debt, and other bills over buying index funds!
Pay yourself first is the best way to ensure that you save consistently. You have to figure out how to do it AND pay your bills.
"What Does Paying Yourself First Mean?" https://www.investopedia.com/terms/p/payyourselffirst.asp