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What should I post? (Click Here)
If you'd like help improving your finances and getting other opinions, make a post laying out all of your pain points. We are able to comment and give you the help you need to excel in this modern age financially. FOR EXAMPLE: "Hello, my name is Keenan 23M and I am having issues with taxes. What is the best agency to go through and why? I have a W2 job as well as a couple of side hustles.
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What is this about?
This group is to be a home for people to help themselves and others with financial success by sharing knowledge, tricks, and tips of personal finance and self development.
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What is Dollar Cost Averaging?
(DCA) is a strategy for investing money over time. Imagine you have $1,000 to invest. Instead of putting all $1,000 into the market at once, you decide to spread out your investments over several months or years. Here's how it works: Let's say you invest $100 every month for ten months. Sometimes, when you buy, the market may be high, and sometimes it may be low. When the market is high, your $100 will buy fewer shares of a stock or fund. But when the market is low, your $100 will buy more shares because prices are lower. Over time, by consistently investing a fixed amount, you end up buying more shares when prices are low and fewer shares when prices are high. This can help smooth out the ups and downs of the market and reduce the impact of market volatility on your investments. Dollar-cost averaging is often recommended for long-term investing because it helps reduce the risk of investing all your money at once when prices might be high. Instead, it allows you to gradually build your investment portfolio over time.
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What is Dollar Cost Averaging?
Atomic Habits- amazing quote
I read this today, and thought everyone should hear it "Complaining about not achieving success despite working hard is like complaining about an ice cube not melting when you heat it from 25 to 31°. Your work was not wasted; it is just being stored. All the action happens at 32°."
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New comment Feb 27
Atomic Habits- amazing quote
New Module: Getting rid of debt
I made a quick video today about getting rid of debt and how to get started!!
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New Module: Getting rid of debt
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