Not in a great spot. My material needs are met, so don't worry about that. Just want to break out of the cycle I'm in of "oh hey, you have only a few hundred from this paycheck before you're negative again."
Not in a great spot. My material needs are met, so don't worry about that. Just want to break out of the cycle I'm in of "oh hey, you have only a few hundred from this paycheck before you're negative again."
I think there is a critical piece of common advice to add here which is, "Don't invest anything you can't afford to lose." The market can tank for years at a time, you need to be prepared to hold your investments through multiple down years to avoid actually losing your money.
Typically investment in the stock market is only recommended after you have a cushion of like ~6mo living expenses in cash savings.
I agree with this for people who are looking to save intelligently, but for someone who is living month-to-month, I don't think the stock market is a good idea, because you can't eat it.
(then again, it's all contingent on what corgi means by "negative". Like, lost money on the month and dipped into savings, or is literally overdrafting their checking account?)