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Bowl Leader
How much you made this month?
Pre-tax 401(k) or after-tax...thoughts?
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Bowl Leader
Please like so I can open dms🙏
thank you!!
Anonymous User
Conversation Starter
Additional Posts in Consulting
Rising Star
Gonna be so sad to leave glamorous Fargo tomorrow
What jobs pay $200K+ in Florida?
So who else is at Hilton Orlando this week?
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Real estate is your next best long term investment option since u got everything else covered
60k is a lot, and you’re going to be able to add more and more to it over your lifetime. I’d get a financial advisor if I were you and have them help you figure out how to manage it. Financial advisors aren’t for everyone, but ours has helped us tremendously because my husband and I aren’t super savvy in all that stuff. I don’t mind paying the fee knowing that they’re helping me make informed decisions.
If you go this route, get a good one. Don’t use your buddy from high school.
Honestly, it sounds like you're doing great on saving and investing. Hate to be the one person in here to recommend this but I would advise you use some of that saved up money to live life a little and enjoy your hard work.
Being frugal is great. You've got a great start. Just make sure you're balancing all of your saving with a little joy. You never know when life throws a curve ball and at the end of the day you've saved a lot of money but haven't had a ton of memorable life experiences.
My 2c
!!!
Wait til market bottoms next year then buy the generational bottom
Pro
Never try to time the market
Sweet child, how on eart did you save 60K in 24 yo?
So much negative emotions 😕. Why? You just need to have decent parents who think that 20 yo kids need to enjoy the life or save some $. It can be middle class too. I would probably spend all this $ for travel before getting married and have kids. ENJOY YOUR TIME YOU HAVE NOW. 😘
Chief
How are all these youngins so liquid
Lucky assholes, meanwhile everyone else had to pay for rent. No wonder kids nowadays have much more money
Buy a house
Would be a good recommendation if interest rates weren't insane
Try and max your 401k.
Maybe invest $1000/mo into VTSAX at $250/week
Doge coin
Thank you Elon. Very cool!
Amazon FBA
State sales tax for online sellers. Essentially stating that a Amazon warehouse constitutes a brick and mortar location for any product you sell based out of that location and is subject to sales tax of that state.
A lot of states fixed it by making it the marketplaces responsibility, in this case Amazon, to collect/remit sales tax on behalf of the sale to the state. But at the time a lot of people owed thousands in back taxes or now to states where the product was actually sold and in turn also were due refunds from their home state. It was a bit of a mess.
First of all, heartiest congratulations, that is a fantastic achievement at 24! Put it down in market funds when you see the fed pivot stance to not increasing rates and forget it for 10 years.
Series-I Bonds currently pay out little over 6% risk free
Yes but it's something
The FIRE bowl would also be a great place to post this question for more answers and less judgement
Give it to me
What do I receive in return?
Asset, like a house or something
Who stole my pension? 401ks are outdated plan now.
Did I mention the amount in my last comment?
I would stay in cash for now, or slowly size into a SP500 fund over the next 6-12 months. Or find a good deal on a house or rental property. Rates are high but if you can find a deal would be worth buying and refinancing later. Rates / housing prices are starting to come down again in certain markets.
Vanguard ETFs