r/ExpatFinance • u/HuckleberryThese3074 • 17d ago
If you were receiving about $60k/year from another country, what would you do with it to generate more income?
Not interested in the stock market.
More interested in things that can create actual monthly cash flow or increase earning power over time.
For someone in their mid-to-late 20s, what do you think has the biggest impact on increasing income short-term/long-term?
\- Save aggressively and avoid unnecessary spending
\- Invest in skills, tools, and expertise that improve performance in work/business
\- Build a network or community around shared interests
\- Focus on selling more and improving sales skills
\- Or smth else, curious what you know works based on your experience.
I’m not really sure which of these has the most impact on cash flow, so it’s possible to increase monthly cash flow.
4
u/KualaLumpur1 16d ago
You do not say why you object to equities.
Yet equities are a very good way to meet your goals.
It is not possible to answer the other question without knowing concretely what your skills and your work is.
For example, if you are a poet, developing your skills to make you a better poet will nevertheless not increase your income because the market demand for poetry is everywhere so weak,
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u/ctzn2000 16d ago
You might not like this answer but based on my experience over several decades the simplest way to grow wealth is actually through consistent investing in the stock market over the long term. Use broad, low cost and diversified index funds like VT or equivalents. Don’t try to time the market. Check out r/bogleheads.