Hey everyone, I’m 25 and working in a corporate role in Sydney. I’m trying to be smarter with my money and plan better for the future rather than just saving whatever is left at the end of the month.
For people who are a bit more experienced, what are some of the best tips, habits, or “wealth hacks” that have genuinely helped you save more, invest better, or grow your money over time?
Could be anything from budgeting methods, super contributions, investing, avoiding lifestyle inflation, side income ideas, or things you wish you started doing earlier. I’d love to hear the things most people don’t know or don’t focus on enough.
Seeking financial advice for consistent growth
byu/Alert-Inspector4954 inpersonalfinance
Posted by Alert-Inspector4954
3 Comments
Sounds like you are asking about a framework for what to do with money.
Start with reviewing the Prime Directive in the PF Wiki. It will answer your question and many other questions you didn’t realize you should be asking.
* https://www.reddit.com/r/personalfinance/wiki/commontopics
It’s painfully easy. Make more money than you spend. If you do that you will have extra money. Take that money and invest it for retirement.
The problem is a lot of people struggle to make more money than they spend.
Also underated is if you chose to spend life with someone that person will actually be far more important on your financial wellbeing than anything else. Marry a gambler and your retirement is gone. Marry someone with bipolar disorder and you risk waking up one day with $30,000 in credit card debt.
Also don’t underestimate luck. Some people are just more lucky than others. And if you are someone who is constantly unlucky then life is a real bitch.
This is the hack: enjoy your moment ! Don’t even think about anything bigger if u don’t have a better money flow.