Related Posts
Good idea to buy some more AAPL right now?
More Posts
My client in the hospitality space located in NYC is looking for a new VP, People. Minimum of 10 yrs experience in HR for retail/hospitality/food companies needed. Prior team management/people coaching experience required. You can DM me here or send an email to dganimconsulting@gmail.com
Gamers going on vacation...

Additional Posts in Personal Investment Chatter
HYSA anyone recommends?
Is this for real?

After figuring out FI/RE I am less motivated.
New to Fishbowl?
unlock all discussions on Fishbowl.





1) get your emergency funds to 6-12 months expenses. Hard to tell since you’re new at this, but you need to keep a spreadsheet or something to track every dime you spend. DO NOT spend more than you make or you are basically a well-dressed slave to the man.
2) once you have 6-12 months emergency funds, save enough for a down payment on a car or house or both or whatever (think like another 10-15k), so a big purchase won’t take a chunk of your emergency savings
3) after this you need to literally invest the rest. I’m not an advisor or so I can’t give specifics, but look at ETFs, mutual funds, some blue chips, and understand that investing is long term. Personally I’d recommend a robo-advisor account, they’ll go thru your risk aversion, goals etc and invest for you a extremely minimal fees. Do not get sucked up in wallstreetbets shit. For every gains porn post you see, you won’t see the hundreds who lose a lot of money on options trades they don’t understand.
4) do these things now. Not in a year, not “I’ll have some fun first”, now. My life would be soooo much different if I started this stuff at 22 instead of like 28.
What are some robo accounts I could look into? Also, do you advise using a financial advisor like Edward Jones instead? Thanks
Hey OP, take advantage of paying off your student loans later. The admin just extended this deadline to end of year so you might as well allocate that budget into investments and build your rainy day fund.
I would say however if those loans are at a medium - higher rate 5-7+%. It may be worthwhile just dumping it all to pay it off at year end before interest accumulation resumes so that you won’t have to worry about them
forever my fav high level guide, although i would suggest 6-12 months for emergency fund. popular ways to track spending/budgets/net worth are YNAB, Mint, personal capital, or your own spreadsheet
Still great advice!
Rising Star
@Bot pls post flow chart
2 easy tips to start:
Check the company match on your 401k. To start, I suggest to at least put in the % amount they match. For ex, if they match 6%, put in 6% of your salary. You now have 12%— free money.
At 80k, you can also max out a Roth IRA. This year, you can put in 6k. I suggest you max it out/ put in 6k.
Strippers. Definitely strippers.
Enthusiast
@OP if you are going to be paying student loans off, use the 529 plan in Georgia as the way to do it. 4k state tax deduction and in December 2019, Federal Govt passed a provision that allows for 529 plan funds to be used for paying upto $10,000 in your lifetime
Basically allows you to pay student loans and save on State taxes (4k for georgia)
Put 1000$ into the stock market by trying to pick 5-10 companies. Track them for 6-12 months without putting a ton of money in. Watch peter lynch tips on investing on YouTube.
In 12-18 months, you’ll become very smart with investing. Then you can reap the benefits once you have a lot of money to invest
Pro
Atl should be relatively LCOL. Seems like you’re making good money. Make sure you build up an emergency fund. I’m a few years out of undergrad and lucky I didn’t lose my job due to Covid. I barely would have been able to pay the rest of my lease. I’m trying to build a 6 mo emergency fund now and will start paying my student loans again when they start back up again in November (pauses due to Covid) it may be smart to think about investing in 6-9 months. Adjust to the real world now and play w cash once your totally stable.
Pro
And if you have a credit card don’t run it up! Save and pay your monthly loans. Don’t acquire more debt
Pro
401k. Take advantage of your employer match if applicable and see if a 401k Roth is offered. Don’t miss out on free money
Congrats Op ! That is an awesome salary for Atlanta. Lots of great suggestions on here , but also don’t forget to balance and enjoy life within reason
Good luck!
Join the Atlanta bowl https://joinfishbowl.com/bowl_88wye8