I’m 35 and just starting to get serious about my finances. I’ve worked since my teens but basically didn’t save or invest due to lack of financial literacy.
I just opened a Roth IRA and I’m trying to fix my situation now and build long-term stability/independence.
Current plan:
• 3–6 month emergency fund
• Max Roth IRA yearly
• Keep investing simple (target-date or index ETFs)
If you started at 35, what would you actually do first? No overcomplicated theory please—just practical advice.
35 and financially behind—what’s the real priority here?
byu/Forsaken_Twist7385 inpersonalfinance
Posted by Forsaken_Twist7385
2 Comments
Sounds like you are asking about a framework for what to do with money.
Start with reviewing the Prime Directive in the PF Wiki. It will answer your question and many other questions you didn’t realize you should be asking.
* https://www.reddit.com//r/personalfinance/wiki/commontopics
Budget first. A budget will help keep your spending in line and also – one of the best parts – help you decide where to spend your discretionary income so that you are still enjoying life on your terms.