Re:What's my place in the world population?
by danuker on Thursday March 17, 2022 @10:53AM
(#30711822)
The only way to amass wealth is by investing a significant amount for a significant time. For example, when I worked in Vienna, I saved half of my income for 2 years.
Then, with that money I took a 3-year break in Romania just like that. Not the wisest investment, but I could have lived 4 years off that money.
In any case, saving is difficult with so much inflation, don't hold cash but something giving you a return. (Don't fall for bank products with 1-2% fees; they are no better than a 0.2%-fee index fund).
A basic book on personal finance that I recommend is The Richest Man in Babylon.
Then, with that money I took a 3-year break in Romania just like that. Not the wisest investment, but I could have lived 4 years off that money.
In any case, saving is difficult with so much inflation, don't hold cash but something giving you a return. (Don't fall for bank products with 1-2% fees; they are no better than a 0.2%-fee index fund).
A basic book on personal finance that I recommend is The Richest Man in Babylon.