25
this post was submitted on 30 Oct 2024
25 points (96.3% liked)
Asklemmy
43729 readers
1331 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Invest in you old age: Superannuation or some other savings device. You need to put on as much as you possibly can as soon as you can but this needn't mean you plow all your income into it straight away. Transfer or invest as little as $20 per week initially, you'll never miss it and after a few weeks or months keep increasing the amount till you've reached your ceiling. Reinvest your earnings or dividends, compound interest is a beautiful thing.