Okay, so I thought that I would try my hand at investing in the short term. In that short term I got my shorts handed to me.
I lost a little bit, a couple of hundred dollars. Not enough to risk Total Debt Freedom Day, but enough to make me more cautious about doing that again.
I will not go into what I invested in or why, as that is not important. The thing to remember is to never “gamble with the rent money,” which is kinda what I did.
What I did was shift the “robin’s egg” sided nest egg that I had put aside as a fiscal cushion from a safe (but with dismal returns) savings into a more volatile investment.
Well, it started to tank, and I panicked and pulled it out. So I lost enough to learn a lesson. “Don’t invest (or gamble) what you can’t afford to lose.” Cause you might.
I did loose enough to make me tighten my belt even tighter, but I can still balance my budget and make the day. I will just be ever more frugal than ever.
If I’m lucky I will indeed have less than twenty bucks to my name once I become Totally Debt Free. (Yikes). I will still be totally debt free, though, and that is something.
Let this be another lesson in the column of “don’t do what I did.” When I do start long-term saving again, it will be in a nice safe (yet dismal) investment.
After all, I want a house and land as soon as I can manage it. In order to do that, I need my cash to be safe and readily available.
As always: Keep your head up, your attitude positive, and keep moving forward!