Hello,
I'm 22 years old. I'm starting a new position and since doing the math, after calculating my expenses (including wants and spending money) I'll have an extra $4,000 each month.
I want to be smart with this money and start investing early to have passive income that matches or exceeds my working income.
If you had an extra $4,000 a month in disposable income, what decisions you would make to be financially free?
byu/NextFeed4517 inpersonalfinance
Posted by NextFeed4517
3 Comments
Invest in total US and total intl index funds at your desired ratio. Follow the sticky to see the order of accounts to max I.e. HSA, roth, 401k and then brokerage.
And if you don’t have one already, then spend the first few months building a 6ish month expenses emergency fund.
401k until match, debt, 401k, and then dump the rest in VTI.
Invest like the other comments say and make it your lifestyle. You’ll retire a multi millionaire in your 40s or 50s.