Here's to everyone unlocking their potential by securing their financial foundation :) https://www.ashwinmenon.com/posts/thoughts/2024-12-15-a-guide-to-finances-securing-the-foundation/
A guide to finances: securing the foundation
Intro Around 7 years ago I wrote “A guide to finances” which some of my friends found helpful. Now, everyone is likely at a different point in their lives, so I thought I’d write the follow-up. General overview Write down what your ideal life looks like and calculate how much that would cost per year. Let’s call that THE_GOAL. Once you have THE_GOAL, divide that number by 0.04 to get how much you’d need to be completely financially independent. If you’re risk-averse, divide by smaller number (0.0375, 0.035 or 0.03) instead. Once you have that amount, invest it into the market with 80% of it going to stocks, and 20% going to bonds (you can use 85-15 as well).
