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RE: 7 Geek Techniques For Wealth Management - My Guest Post On FinerMinds
I really enjoyed this article. I loved how you bridged your experience as a programmer with wealth management advice. I learned a lot about both worlds in the process.
From my own experience, another thing that is helpful to have in wealth management is an application that assists with budgeting before the fact. Most of budgeting typically focuses on taking a historical record of spending. A important thing to have is something that will proactively assist you in managing your spending so you can save better. :)
Yes, precisely :) I have a set of habits that I developed based on tools like that. For instance, I'm putting aside 10% out of everything that I get, when I get it. I put it aside and I simply forget about it.
And, in the long run, this allows for small "miracles", like having a cushion of safety when the shit hits the fan...
You have an excellent set of habits. Saving 10% of your gross income is almost mandatory for retirement as well for additional major expenses. If you are actively investing, that should give you enough capital for compound interest to work its magic.