Post: #26

Dalaran,

I remember you are from SEA, and your family's back home as well.

500 Euros a month actually goes a long way in SEA. Why not stash some up and invest in the properties back home and get someone (from family connections) to run property management for you.

Let that stash pile up back home so when you do travel back one day, you can roll on the dough accumulated.

[All these AFTER you have your emergency fund in EU first, of course.]

Post: #27

I earn and save approximately the same amounts as you do, but I’ve got a bit in the bank since I’ve been working for 3 years and saved a lot as student.

I’m completely on board with most posters here. Investments are nearly useless with such small amounts of initial capital. I manage my savings as follows:

I’ve got 2-3 years of living expenses in euro savings accounts and some low-risk mutual funds. This might seem very risk-averse to most people here. It’s simply that much because my parents always taught me that I needed to save to live a comfortable lifestyle at an older age. Once I realized this was bullshit, the money was already there. However, I’m not going to waste it and it feels quite comfortable to have such a safety net.

The rest of my savings are invested in
1) my health:
- no more grains or processed food; only high quality meat, fish, eggs, vegetables, fruits
- high quality supplements
- HRT doctor with full blood panel every 4 months
- Regular physical therapy to improve posture, tightness and minor injuries
2) my market value:
- learning and getting certified for skills that are synergetic with my degree/talents/current skillset
- trying to start a side business

I also like the wardrobe and the SEA investment suggestions.

Post: #28

Invest in your self via health, exercise, education.
Avoid any debt ie credit cards, houses, cars.
Save up 1 year of annual living expenses.
Continue saving for living expenses and start saving for investing.
Investing is an entire world itself beyond the scope of this thread.