And im not sure what to do with it. I’m comfortable with taking a few risky moves with PART of it only, but im also freelancing so stability isn’t secured as of now. I don’t know much in trading/finances but would love to learn.
Any watching/reading recommendations or inputs on what i could do would be super appreciated!
Based in Canada and 30*
I have put $50k aside after a few
byu/Silly_Desk3322 inpersonalfinance
Posted by Silly_Desk3322
2 Comments
As a freelancer I’d put a year’s worth of your actual expenses aside as an emergency fund. Then invest the rest in boring, low-fee, broad-market index funds if you don’t need it for a major purchase within the next few years.
It sounds like you’ve almost built a decent emergency fund. Put that in a high yield savings.
Is $50k what you take home in a year?