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RE: Hacks To Become A Millionaire
The millionaire hack is 30% of every paycheque deducted at source and sent to a tax-sheltered investment account where it is invested in a few diversified dividend ETFs set up to automatically DRIP. Starting a business is great, and I have done so numerous times, but for the majority people (ie. employees) this is the surest and fastest path to financial independence. At least, according to me. ;)
I've heard of this :) But I haven't put it into practice! Maybe it's something I need to do :)
Well, that or powering up. If Steemit goes mainstream SP and SD will be all the investing most people ever need to do... SP = equities, SD = bonds. So the percentage of portfolio in SP = 100 - Age and keep the rest in SD. ie. if you're 40 years old 60% of investment funds in SP and 40% in SD. Easy and effective.
Very smart :) I'm using a bit of my SD To pay some debt, Then I'll be powering it all up too! I believe in Steemits future and I want a bigger piece of the pie hehe!
Yes, getting rid of debt is the smartest financial move anyone can make. Debt is like being in a jail cell with a vampire.