imagem de perfil
This is probably not the strongest strategy/plan. But any plan is better than none. I was just visiting my younger cousin and to use a meme, he actually has tears in his eyes 24/7 that there's not enough money and is afflicted by this bias of not being able to save. That's nonsense, of course. I recommended to him: The Richest Man in Babylon by G. C. Clarson as a first step and called a spade a spade: ETF savings plan, even with a small amount (time is leverage). He has probably forgotten it again and will never invest. Therefore, even a supposedly weak plan is a good plan. Weak is an exaggeration, but you know what I mean.
4
imagem de perfil
@Iwamoto With your cousin, however, the problem doesn't seem to be strategy or a plan, but a lack of impulse control (when making purchases), a lack of will to save or simply too little income...
imagem de perfil
@KevinE one way or another. That's why any plan is better than no plan.