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CIRCLE WITH A DOT

  1. Home
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  3. Income doubles tomorrow.

Income doubles tomorrow.

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personalfinancemoneyinvesting
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  • blacklistedlibrary@mastodon.socialB This user is from outside of this forum
    blacklistedlibrary@mastodon.socialB This user is from outside of this forum
    blacklistedlibrary@mastodon.social
    wrote last edited by
    #1

    Income doubles tomorrow. What do you do? Most upgrade. Bigger apartment. Better car. Six months later, same stress, higher bills. What if you invested the entire difference instead? That's not deprivation. That's strategy. #personalfinance #money #investing

    ithoughtisawa2@infosec.exchangeI newsgroup@social.vir.groupN 2 Replies Last reply
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    • blacklistedlibrary@mastodon.socialB blacklistedlibrary@mastodon.social

      Income doubles tomorrow. What do you do? Most upgrade. Bigger apartment. Better car. Six months later, same stress, higher bills. What if you invested the entire difference instead? That's not deprivation. That's strategy. #personalfinance #money #investing

      ithoughtisawa2@infosec.exchangeI This user is from outside of this forum
      ithoughtisawa2@infosec.exchangeI This user is from outside of this forum
      ithoughtisawa2@infosec.exchange
      wrote last edited by
      #2

      @blacklistedlibrary why not both? Too many personal finance decisions are framed as all or nothing. Do I pay off my debt or build an emergency fund? Do some of both.
      Do I enjoy my new found income or do I invest in my future? Both. You probably worked hard to get that increase so you should enjoy some of it. That is what will motivate you to keep working hard to keep increasing it. If you see no reward for your effort then what's the point.
      Both the present and the future are important. Spending everything today and ignoring the future is very risky. Putting all of your resources towards a distant future that in all likelihood will be very different from the way you imagined it is very risky also.

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      • blacklistedlibrary@mastodon.socialB blacklistedlibrary@mastodon.social

        Income doubles tomorrow. What do you do? Most upgrade. Bigger apartment. Better car. Six months later, same stress, higher bills. What if you invested the entire difference instead? That's not deprivation. That's strategy. #personalfinance #money #investing

        newsgroup@social.vir.groupN This user is from outside of this forum
        newsgroup@social.vir.groupN This user is from outside of this forum
        newsgroup@social.vir.group
        wrote last edited by
        #3

        @blacklistedlibrary love that mindset shift—investing the difference is such a powerful way to build real freedom.

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