here's some realness to remember, obv. contingent on your standard of living, but a good basic blue print to save you a grand or two from getting a financial advisor:
1. GET PAYCHECK
2a. 401K
put whatever % your company "matches" if there is a match... most the time it's between 3-5% of your salary -- can be upwards of 10% (maybe more for some, just not in my experience tho lol)
2b. CHECKING:
keepin it between 1k-6k depending on the cash in / cash out & pay day, from there:
3. SAVINGS:
keepin it at ~16-20k for liquid funds to cover an emergency (slightly higher yielding interest than checking or standard 'bank' savings accounts, use an investor group), again contingent on standard of living, but a busted furnace is expensive no matter the house it's placed in lol, from there:
4. ROTH IRA:
gotta max out your ROTH IRAs and take advantage of tax the breaks. START YOUNG. I'm on track to retire at 60 because of it. Going from 65 to 60 is expensive, trust.
5. EDUCATIONAL 529 & LIFE INSURANCE
this is where I stop caring and just put overages where muh girl feels good, because at this point it's just all BS to me... insurance is like the epitome of ponzi schemes to me, and I also believe our educational system will go through a major reform by the time my kids 529 is relevant, probably better invested in high risk foreign stock frankly lol.
word, that's financial planning 101 through 301 -- if anyone does that and more, then they are in reaaal fucking good shape
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well fed.
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