Row 23083

Row ID: 23083 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 23083 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

It's hardly all or nothing either way. It's a matter of setting a budget that will allow you attain your long term goals and then sticking to that. So you contribute your 15%/$500 a month if that's what you picked and that comes out of your budget like your rent or mortgage payment does. Also in the budget you would have other necessary expenses.

You should probably have a few months "emergency fund" in a cash equivalent (not in a mattress, but a secure but interest paying instrument), this helps a lot with not stressing too much about the possibility of a significant financial hit like losing your job, if you have 3-6 months expenses in cash you won't have to sell your investments when they are possibly down as well.

Beyond that you have some portion of the budget for "fun" and discretionary spending. On the one hand the more you put away when you are younger the more compounding is going to work on that, $500 in your 20s is going to end up worth a lot more than $500 in your 50s, even adjusted up for inflation. But on the other hand you need to enjoy your life while you're living it. And there are things you can do while younger that you won't necessarily be able to enjoy as much when you are retired.

It's a matter of balance, not all one or the other.

FieldValue
text It's hardly all or nothing either way. It's a matter of setting a budget that will allow you attain your long term goals and then sticking to that. So you contribute your 15%/$500 a month if that's what you picked and that comes out of your budget like your rent or mortgage payment does. Also in the budget you would have other necessary expenses. You should probably have a few months "emergency fund" in a cash equivalent (not in a mattress, but a secure but interest paying instrument), this he…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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Raw Record

{
  "text": "It's hardly all or nothing either way. It's a matter of setting a budget that will allow you attain your long term goals and then sticking to that. So you contribute your 15%/$500 a month if that's what you picked and that comes out of your budget like your rent or mortgage payment does. Also in the budget you would have other necessary expenses. \n\nYou should probably have a few months \"emergency fund\" in a cash equivalent (not in a mattress, but a secure but interest paying instrument), this helps a lot with not stressing too much about the possibility of a significant financial hit like losing your job, if you have 3-6 months expenses in cash you won't have to sell your investments when they are possibly down as well.\n\nBeyond that you have some portion of the budget for \"fun\" and discretionary spending. On the one hand the more you put away when you are younger the more compounding is going to work on that, $500 in your 20s is going to end up worth a lot more than $500 in your 50s, even adjusted up for inflation. But on the other hand you need to enjoy your life while you're living it. And there are things you can do while younger that you won't necessarily be able to enjoy as much when you are retired.\n\nIt's a matter of balance, not all one or the other.",
  "label": "r/investing",
  "dataType": "comment",
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  "datetime": "2024-05-21",
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