Buy a bicycle that makes you want to ride it. If you get to the point where you no longer want to ride it, trade it in for another one that you do.
I can’t overstate how important it is take care of your mental and physical health. In fact, I would say that this is far more important than buying a house. Your mind and body are your primary home.
To put a finer point on it, riding a bike is incredibly important for all sorts of economic and lifestyle reasons, not just for your health.
It’s time for this silliness to come to an end. You must ride a bike. We all must. It’s not a weird fringe form of transportation that only people in Portland and Colorado do. It’s just simply the way we all get around for moderate intra-city distances.
Ah yes, because we all live in areas where everything we need to access is a moderate intra-city distance away.
A better critique would be lack of ability or safe routes, since many workarounds are needed to allow kids and those physically less able to get around by two wheels.
The vast majority of adults travel within 10km of their homes for most errands, which is definitely possible to hit with an analog bike. Ebikes can enable making double that distance easy.
That being said, even in actually rural areas where you are biking on a narrow shoulder with 50kph+ traffic next to you 20km each way in 0°C temps, many that don’t have other options still bike, so really it’s a preference for comfort/safety not lack of ability stopping most.
Your body. Eat healthy, drink water, remove stress, workout at least 30 minutes a day, and sleep regularly
remove stress
Just use blackhead strips all over the body, or is it something that a large dose of Metamucil will fix?
CDC calls for a little less, 75m of intensive exercise a week and two full body workouts a week (At a minimum)
S&P 500 is pretty solid.
Historically, it has been. Right now is shaky. SPY was over 600 and now having a hard time at 589.
I concur on this one. Open a Roth IRA and put it towards an S&P 500 mutual fund with low fees. I use Schwab because it’s free to open an account and deposit money.
Strategy wise it’s good to mention that you approach this as a savings thing so you deposit, say, monthly. That way you compound your interest and that can really ramp up quickly.
Yeah, totally agree. I’d say take some percent of your paycheck and put it towards this.
I’ve read somewhere that S&P 500 capitalization is driven up by the IA hype ?
S&P takes the 500 most profitable companies in the US and builds an index off of that. S&P usually goes about 7% return but markets are very bullish on AI. It’s similar to the dotcom bubble so definitely not without risk.
Currently nvidia is driving the S&P up but nvidia might crash one day like cisco did back then.
Don’t skimp on the things that connect you to the ground and invest in good quality ones. Shoes, bed, couch, office chair, and tires.
I’ve got some Vanguard funds and I like them. $VTTHX for example
I second this, wife put money to save for kids when they’re older and it over performed by quite a bit. I forget how much since she also sneaks 1k in here and there but an initial 10k plus the bits she added are now 24k after a couple years.
Bikes and retirement aside, I’d recommend knowledge - career skills, but also handiness skills. If you can do simple repairs like replacing a door, changing the flap on a toilet, painting, preventative stuff like changing your air filters, simple electronics (replacing a light switch), etc you’ll save thousands on repairs as a homeowner. Today there’s almost nothing that you can’t find an in depth video tutorial on, but if you really don’t feel comfortable with basic tools most community colleges have cheap classes as do some hardware stores. Volunteering, even just to help friends with their projects, can be an amazing way to learn too.
Max out HSA if you have one first, then move on to 401k and a Roth or traditional IRA if you don’t qualify for the Roth. Then you do a backdoor Roth until they close the loophole.
I’ve posted this on lemmy once before, but assuming you’ve maxed your 401k or other retirement, my go to strategy has been to buy a few shares of VTI every paycheck. If there was anything left over, or I couldn’t afford VTI, I’d buy SPYG. I’ve been doing this for a very long time and it has paid off well for me. I’m not rich enough to stop working, but if I lost my job for a while, I’d be fine.
Then on a personal level, join a local sport. In my area there are a bunch, indoor soccer, flag football, volleyball, rock climbing, etc… This gets you cardio without having to force yourself to go to the gym.
Fill up contributions to your HSA, your 401(k) up to the employer match, your IRA, and then the rest of your 401(k), in that order. (YMMV if you’re self-employed or in the public sector and have more unusual tax-advantaged investments instead.)
By the way: I suggest asking your question at !fire@lemmy.ml [“FIRE” = “Financially Independent, Retire Early”].
Healthy relationships with people. This costs a lot of time and energy, but well worth it in the end.
Invest in yourself!
From the “Financial Advice Index Card”:
1. Max your 401(k) or equivalent employee contribution.
2. Buy inexpensive, well-diversified mutual funds such as Vanguard Target 20xx funds.
3. Never buy or sell an individual security. The person on the other side of the table knows more than you do about this stuff.
4. Save 20% of your money.
5. Pay your credit card balance in full every month.
6. Maximize tax-advantaged savings vehicles like Roth, SEP and 529 accounts.
7. Pay attention to fees. Avoid actively managed funds.
8. Make Financial Advisors commit to the fiduciary standard.
9. Promote social insurance programs to help people when things go wrong.
I disagree with #2. All of the target date funds tend to have 1.5-2% returns and are largely intended for people that aren’t looking at alternatives. Almost anything is better.
Your happiness
