Day 403 - Automated money - https://golifelog.com/posts/automated-money-1644201806570
Not just savings, but also investing. Investing in myself, my company, and in stocks/crypto.
• Investing in myself - automatically moving some money into a bucket for courses, ebooks, info products.
• Investing in my company - I noticed I would keep the profits and not reinvest it to grow my products. What if I could set aside a bucket of cash for hiring a part-time virtual assistant, or to buy Facebook ads? What would I experiment in if I had that budget?
• Investing in stocks - I’d always seen investing in stocks and other financial assets as a lot of work that I’m not interested in. But there’s investments that doesn’t require me to do extensive research or track the markets daily like a day trader. Just buy, and hold for a decade. Investing in stocks also doesn’t require huge sums of money upfront. I found an app called SNACK that allows for small amounts of investing, as little as $1 each time. I got to treat it like a monthly SaaS subscription - stocks or assets that I just automatically buy at fixed times on fixed budgets
Not financial advice lol. I'm just getting into it. Not sure about how effective as a investment yet, but it does check off a few boxes for me! (ie the low amount, easy on-app experience, tied to lifestyle purchases)
@poppacalypse was diving deeper into it. Seems to be mostly tied to an insurance plan? And this investment fund called Asia income Fund. So pretty limited choices. Unsure about buying yet another insurance…
been seeing Snack ads, i thought it was just insurance for Gen Z Lol. will take a look at it now with your recommendation
ahhh so my gut feel was right, it's insurance after all 😂 kind of a turnoff tbh.. also how insurance agents these days don't themselves that anymore, they're "wealth advisors" or "wealth consultants"
Please sign in to leave a comment.