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Chose your house!

What do u prefer

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Chose your house!

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Is this watch too big for my wrist?

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F
Rising Star
All of the above are prioritized in my family. Term life insurance is a great way to ensure your family is financially stable. Aim for at least twice your salary for that policy. If you have real estate with a mortgage, you may want to have a higher amount to account for purchasing the property outright.
Investing 5-10% of your salary annually (outside of your 401k/403b) is a good goal to start. Just buy VTI to track the stock market and keep it simple.
For real estate, my parents always discussed the ins and outs of home ownership including taxes. My parents often shared stories of their friends’ kids losing their homes after the friends passed away because they didn’t pay taxes on the property. In my family, investing in the knowledge around financial security is just as important as the avenues we’re using for financial security.
Absolutely feeling this. I didn’t grow up with a financial cushion either, and now I’m trying to set my kids up differently. Right now I’m focused on term life insurance, maxing out my Roth IRA, and opening a custodial account for my child. Real estate’s a goal too, but it feels harder to break into. Curious what others are doing first?