/biz/ - Business & Finance

4 weeks ago i lost all my money (10k). That was like 6 or 7 months of full time work as I went back to 1k. I made many threads before about this and this is why i quit investing, be it precious metals, crypto or stocks where i lost all my money. It was the biggest financial mistake I ever made in my life and at the time it felt as if a part of my lung went missing as I couldn't breath nor sleep. The ability to just nap and fall asleep at peace I took for granted. I took the risk with money that was worth my time and effort and energy. I have vowed to commit myself to gaining wealth through linear wealth accumulation. I am so gratefull I still have a job and that my bank account has slightly recovered to 2,9 k over 4 week and I expect to recover to 5 k in 4 weeks. To anybody investing, I'm telling you: stop. After breaking my pornography addiction, I fled to risk taking and once again I found myself at a loss. I now know what to do and want to teach this to you as well. A fund is money directed towards a specific goal. I plan on building an stability fund which will always remain on my bank account of 10k. I will increase this 10k yearly with 6 percent for 5 years and the 5 years after that with 3 percent. The initial 10k is 50% emergency fund, 30% switching fund and 20% a buffer fund. Anything above that will be allocated according to my needs and goals. I know work a job and also am going to work on saturdays, so that's the one thing that's good that came from this. I am driven to make money doing whatever I can. Don't hang out around this site treating the anons like they're your best buddies and never take anybodies financial advice. Time moves on and you want to minimize your risk, never squander your money and don't only think about yourself. When you focus on being rich alone, you will never spend any money on being happy. If you have more, you can give more.