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Comment by baccredited | Hacker News Reader

Learn how to invest your surplus dollars and start saving for financial independence. A simple Warren Buffet blessed approach is 90% VOO and 10% BND. Save 25 times your annual spending and never work again. Think of your extra dollars as employees and put them to work for you.

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...

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The biggest hole in this premise is that it assumes you own your home/place to live, or are willing to live in a cardboard box.

Sadly, most of us do not own or want to live in a cardboard box.

'The average pay for a Software Engineer is $80,825 per year.' http://www.payscale.com/research/US/Job=Software_Engineer/Sa...

'The average salary for a Software Engineer is €41,227 per year.'

Not everybody is American, you know

How about an Airstream or a sailboat?

http://www.bumfuzzle.com/us/

You are doing yourself a disservice if you think you must live in a high COI area to have a well paying job. Also, if you think you need to live in traditional housing to have a high standard of living or to be socially accepted.

For some people perhaps, but I think there's quite a large portion of the population who are pretty happy with more traditional forms of housing and would like something simple & secure but also affordable.

Do you have any good guides for beginner investing? I save most of my salary but have no idea where to get started with investing.

Start here https://www.bogleheads.org/wiki/Main_Page

Awesome thanks!

I'd advice against that, I don't think stock market is for beginners unless you are into gambling.

Here's a good set of lessons, something that will give you enough info to know why you shouldn't put money into stock market:

https://www.youtube.com/playlist?list=PLK78nVl6dRdUemHszve34...

Playing the stock market is just one facet of investing, and a widely-discouraged one at that (e.g. market timing). Long-term investments favour index trackers so that you can gain from the performance of the market as a whole.

I've also heard: there shouldn't be any grantee for market as a whole to go up.

Hmm... this is that Pharmaceuticals guy who got arrested for securities fraud. https://en.wikipedia.org/wiki/Martin_Shkreli

Not saying that's bad or good... just interesting.

same here.I have been saving my salary since day first but dont know where to invest :(

Underrated comment.

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