60k of Student loans has been paid off in 4 years living in New York. Salary has more than doubled since the debt was accumulated. Where do I invest this new source of income?

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1. Contribute to 401k up to employer match
2. Save 6 month emergency fund in HYSA
3. Contribute maximum to Roth IRA
4. Contribute max to HSA if you have a HDHP
5. Contribute maximum to 401k
6. Donate to charity
7. Treat yourself
8. Save cash for a big ticket item like car, vacation, down payment
9. Invest in taxable brokerage account like Fidelity or Vanguard (whoever you have your IRA with)

likesmart

Yep, minus the religious language.

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Well there are MANY options to discuss based on your timeframe and risk tolerances. Have you thought about using an investment advisor / Wealth Manager? I use Naples Wealth Planmjng and they have very competitive rates with no minimum investment!

Shoot me a DM I can give you a referral

likesmart

Hookers and blow

Or do what Manager 2 suggested I guess if you wanna be “prepared for emergencies” and “be able to retire” or whatever.

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Ahh the classic combo used to have its own line item in my budget. Probably one of the reasons why I made it out alive

Nice flex 💪, but hey. Sounds like you deserve it man. Good discipline and work ethic. Be humble. 🙏

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Telling someone to “be humble” is most certainly not considered feedback. The only way to effectively pay off debt is to increase income, whether it be getting a second job or working hard to get promoted and increase your salary. Investing has not been a priority over these last 4 years due to this debt, which is why I come to this public forum for advice from individuals with an understanding and are humble enough to talk about their experiences with debt and investing.

me

Real estate

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