Hey everyone, I need some insight and input on how to think about investing in myself vs my savings.
I hit 25 this month and there's a TON I want to get better at: proper workout form, sustainable nutrition, public speaking, body language, etc. I also want to start a business of my own ~2 years down the line and have a nest egg ready so money isn't the constraint. My current savings goal is 1.5-2 years worth of living expenses ready in expectation of living in poverty while building out my business. However, I also know that this is my prime time to start changing habits and developing core skillsets by learning from professionals.
I'm inclined to believe investing in the right coaches will be worth it down the line but it comes at expense of my savings contributions.
To entrepreneurs/financial advisors: How much did you save before venturing on your own? What's the right way to think about the nest egg? I just don't want to be in a position where I'm short on rent. FYI, my investing account is separate and I stopped contributing to that outside of maxing IRA in goal of building the nest egg.
To everyone else: What skills do you think are worth investing money in professionals? I do a ton of DD on people I work with so I'm more worried about ROI in right info instead of the right person.
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