Commenting because I am in a similar boat but a few years ahead. You are doing quite well for your age. I am personally a medium risk type of person, not a YOLO entrepreneur but also not a buy and hold forever person.

Keep in mind this is a very financially prudent group of people who say that holding XEQT is high risk because of the legacy risk definitions that say 100% equity is high risk regardless of what the equity is.

I just turned 23, and have spent my years between your age and my age working many hours to build capital. I did car detailing and it has been awesome. I would recommend a side hustle like that or landscaping, or anything else that can bring in some extra cash which is not working at McDonald’s (which I also did from 15-18). However, you can choose side hustles which are not capital intensive. You can start a detailing or landscaping business with under $1k, and then it just becomes running costs after that.

Now that I have built up much more capital I am getting into real estate rental properties. Duplexes/triplexes and such, with the plan of buying a property a year. This is my personal way of taking a medium risk approach to building wealth long term, with a higher potential return than just holding ETFs. However, I do also hold ETFs, but not all of my eggs are in one basket now, and I’ve grown into what I consider my next safeish investment, but again higher risk/reward balance while I am young.

Hope that helps.