Receive salary > pay bills, buy food etc. > all the rest, transfer to a investment account at the oldest, most boring and slowest financial institution in your country to invest in the most boring, yawn-inducing and uninteresting investment fund. Don't touch this money ever.
In the worst of years you'll beat inflation and keep your savings, in the best of years you might make a % or two.
In the meantime, plan your post-employment life: what country to live in, what stuff/hobbies you want to keep etc.
Then when shit has hit the fan, cash in and execute above plan.
> Receive salary > pay bills, buy food etc. > all the rest, transfer to a investment account
One thing that has worked for me is to “pay myself first.” [0]
If £4000 comes in and your monthly outgoings are around £2000, invest the remaining £2000 immediately. The main benefit this gets me is that it forces me to budget better and come up with other streams of income (usually eBaying stuff) in case I come up short.
I didn't really learn "pat yourself first" until I was thirty. That set me back a few years, which took time to recover.
When I mentor young people right out of college, the first thing I explain to them is that very principle.
Take advantage of the 401K. Have a brokerage account that you automatically deposit into every month. Money that never passes through your checking account, is money you are likely to keep.
Receive salary > pay bills, buy food etc. > all the rest, transfer to a investment account at the oldest, most boring and slowest financial institution in your country to invest in the most boring, yawn-inducing and uninteresting investment fund. Don't touch this money ever.
In the worst of years you'll beat inflation and keep your savings, in the best of years you might make a % or two.
In the meantime, plan your post-employment life: what country to live in, what stuff/hobbies you want to keep etc.
Then when shit has hit the fan, cash in and execute above plan.