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How do you earn $500k and still feel average?
Hi, Is Trading & Investing in stocks banned for software engineers in JP Morgan? What about Mutual Funds, are they restricted/monitored ? Can we trade in Futures & Options ? If not equity stocks, can we trade in commodity exchange? Or maybe Forex exchange? Or Cryptos? Just want to know the boundaries of trading & investment and work accordingly! What are your experiences?
JPMorgan Chase
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soo my sleep schedule is effed up, i keep trying to wake up early-ish (7am) but i’m lacking motivation and i wake up tired 😴
i stumbled upon this article that talked about this book. we always hear about the “secret” of strong leaders is that they wake up early. has anyone read this/tried it out?
5 AM Club, The: Own Your Morning. Elevate Your Life. https://www.amazon.com/dp/1443460710/ref=cm_sw_r_cp_api_i_n2GdFbJJEFKSN
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Investor’s Business Daily: worthwhile?
Anyone else long on AMT?
HYSA anyone recommends?
How do you earn $500k and still feel average?
Anyone looking at airline stocks or ETF play?
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I would tech you to be rich by Remit Sethi could be a good starting point
If you know about real estate then you can do it but if you don’t then most of the folks here would tell you to DCA ( dollar cost average means investing a certain amount per week/2 weeks/ month) into an index fund such as VTI
Assuming you’re 22-30…
1. Invest up to the company 401k match
2. Build out 2-3 month emergency savings in high yield savings account
3. Max out Roth IRA (if you’re making <$140k; if more, skip because of eligibility)
4. Max out HSA (if eligible)
5. Start investing $50-250 per paycheck in a brokerage account, buying low cost index funds (VOO for S&P500, VTI for total US market, ONEQ for Nasdaq, RSP for equal weighting of S&P500)
6. Increase 401K contributions
7. Build out 6 month savings
8. Increase brokerage investments
9. Max out 401K contributions
10. Invest in other assets as desired (crypto, real estate, art, NFTs)
Numbers 7-10 may vary by individual but if you want to retire early then you have to invest in a brokerage account and should focus on growing that instead of ONLY maxing out a 401k
Chief
The Personal Finance Reddit is supposed to be pretty good.
In general:
- save up 3 to 6 months of expenses
- contribute to 401k up to company match
- pay off high interest debt
- max out 401k
- max out HSA
then start evaluating brokerage vs Roth IRA vs 529 based on needs and income level
Then payoff low interest or no interest debt