I am 21, and am 6 months into my first job out of school. I have ~120k savings, the majority of which were accumulated through "flipping" (see r/Flipping). Now I am earning about $2800/month after paying taxes and maxing out my 401k. I live with my parents and have few expenses. My flipping income varies wildly, but could range from $5k/yr to $25k+/yr. Much of my money is in CDs and money market accounts, but I've just opened a Betterment account and have ~$500 in it; I plan to add money when I make a good "flip", get a bonus at work, or come into money in other similar circumstances.
I'd like to buy a house in the next 4 or 5 years, and in my area an average home is ~350k. How can I most effectively continue saving for a home, while ensuring I have at least $10k I can use for "flipping", and building wealth through investing when flipping income slows down?
Submitted August 13, 2018 at 05:21PM by sram96 https://ift.tt/2Ox16Rq
