I will actually unfortunately probably have to move out within the next month or two anyhow, because my mother is very unstable and got us kicked out of the apartment complex we grew up in (the hotel we’re in is paid off by a veterans agency until May and they are working on finding us housing.) My area is HCOL and I won’t be at a CSU until early 2027. I am not gaining interest on my $ at present. I am planning to switch my major to psychology or social work when I move onto a CSU (California state university) but I don’t know which will lead to more lucrative careers within the state of California.
I have finally hit my $50k goal! I’ll be twenty-one next week. What should I do now to continue building for myself?
byu/Current-Machine6491 inpersonalfinance
Posted by Current-Machine6491
4 Comments
Put it in a Roth IRA every year & buy VTI
At least put it in a high yield savings account. 3.5 percent risk free.
https://www.reddit.com/r/personalfinance/w/commontopics
I don’t think either or those degrees will lead to a more lucrative career, at least not on their own.
You need to be putting this in something that will give you interest like a high yield savings. Congrats on hitting your goal!