Play Money: Invest and Have Fun Story

Play Money: Invest and Have Fun

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These are effective ways to build wealth over time via continual additions and compounding. They’re also rather boring, and there’s absolutely nothing wrong with that.

Some people crave a little excitement or a chance to make outsized gains, however, and that’s where the concept of play money comes into play. Who knew investing could be fun?

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There’s no one correct answer here. What feels like a safe play to one person might represent a risky departure from the norm for another.

Risk is a double-edged sword, though, and there’s a reason play money should represent a small fraction of your overall investments.

The more money you have, the more money you can afford to lose. Along those lines, the younger you are, the better able you’ll be to recover from financial loss.

Play Money and Financial Independence

Once you’re beyond financially independent (FI), that is, you have all the money you and your family will need to last a lifetime, I grant you permission to increase your play money even higher. Read More

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