money expensive bank investing

what?

• trade

  • dropshipping
  • selling shit (that i can reasonably do?)
    • plantsShed Greenhouse Project
    • games
    • crafts and such
    • selling mini terrariums🌱plant_terrarium_project

• investing

  • stocks and such(contact bank or whatnot)
  • crypto trading or reselling
  • gambling
  • methods?
    • fire
    • leanfire

• how to budget

  • track my spending
    • how? via FOSS budgeting or investing or money app(look in my github)

investor needs a brokarage to be connected to the stockmarket, at least that is the most common option.

• are the alternatives? is it the most effective option?
• best brokerage depends on situation/where you live, sometimes its better to use local brokerage bc of taxes
  • what is the best (local) brokarage in netherlands? seems to be either trading 212 or XTB for being dirt poor
  • start with ‘regular’ investing, eventually cfd
  • having a saving account with current bank gives me 1.4%, investing is more riskfull but i think it will be worth it
  • site for comparing topics of individual groups Simpele ETF-portfolio’s

crypto trading
- but low sell high, start with a few stable ish coins (btc, eth, sol, xrp, ada, xmr, ltc)
- buy the easiest one, and then via trocador exchange the the lowest one

principles

emergency fund

An emergency fund is like a amount of money set aside in case of:

• fuckups
• medical
• need smth important
• get fired
  And is should only draw from it when necary, this is the opposite of a [checking amount]

Building a emergency fund

The absolute minimum of what you should put into a emergency fund is 10% of all income, also directly gives [[culminative effect]] for income if you put in like a savings account.

This directly means not splurging your money on useless shit UNTIL YOU HAVE A BIG ENOUGH EMERGENCY FUND!!!!

investing vs pension

pension is the safer option but less reward

dont let money stay still.
money must move?

inspiration / references

The Psychology of Money
aarnphm| Expenses
fire
Retoswap.
FIRE Europe - Financial Independence Retire Early for Europeans
How to Invest in Stocks for Beginners (Europe) - YouTube