nkyguy1988 t1_iu92vlx wrote on October 29, 2022 at 2:45 PM

People have never made more than 50k per year retire multi millionaires. Do you think they have big deposits or money to make investing worth it? Time has this magical power to multiply returns, doubling the amount every 7-10 years on average.

Good investing is boring investing. All of your "investing" things you have been are trading or gambling. Investing and trading are not the same thing.

Also nothing wrong with pursuing a side hustle after everything is taken care of. The biggest mistake you could make would be not putting money into a broad market fund and literally not looking at it for 30 years other than when you make your annual contributions.

Awkward_Coat6622 OP t1_iu9z0en wrote on October 29, 2022 at 6:34 PM

Thanks for the advice. I'm going to take it! I've been putting a lot of my efforts in getting my base salary up (so focusing on my job), and now I'm finally in this new, unfamiliar territory of actually having a comfortable amount of money leftover every month. I still want to do a business, but I guess now it makes more sense to split the capital and to allocate the monthly contributions wisely.