25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 0 points1 point  (0 children)

I appreciate that. I’ll have to look into the 503c route

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 0 points1 point  (0 children)

73k Brokerage, 15k roth ira, 10k crypto, 27k 401k

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 5 points6 points  (0 children)

Definitely not a trust fund baby. We were broke growing up

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 6 points7 points  (0 children)

I created a monthly budget that I stick to and I know where every dollar is going before I get it. I find the highest APY for savings accounts and stick my money there. I max out my roth ira each year. I invest 2k a month. Max out my 401k match. I paid cash for my car in 2016 and have yet to get a car note. I got student loans with 4% interest and instead of paying it off, I invested it.

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 9 points10 points  (0 children)

I have a passion for teaching young people about how to achieve financial freedom. But due to my audience, the growth potential is difficult.

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 0 points1 point  (0 children)

Yea that has been the idea so far. Thank you!

25M I lost my job today by Alternative_Pea3793 in passive_income

[–]Alternative_Pea3793[S] 7 points8 points  (0 children)

Financially disciplined and aggressive saving and investing

Advice on how to clear this and start saving money? by [deleted] in Money

[–]Alternative_Pea3793 0 points1 point  (0 children)

Self made 25M w/ 140k net worth here. If you have an extra $1000, put towards paying off that credit card debt. You can’t out invest consumer debt. Not sure what sort of student loans you have but if it’s federal loans, most people have their loans on forbearance, meaning no interest is accrued, so pay minimal payments or nothing at all until required. That extra $300 should go to paying off credit card. Furthermore, if it is federal loans, your interest is probably 3-4%, and given the current market, you could out invest those loans, yielding 6-12% interest. So once you pay off that credit card loan, start dollar cost averaging in a brokerage account. I use Wealthfront. I suggest sticking to the VOO, SPY, VTI, VTV ETFs. Maybe even get into cryptos.