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I'm 25 years old and am fortunate to have a well paying job (+70k) and no student debt. I've managed to save over 20K and it's just sitting in my savings account. Is there a better way to invest this money, something with low risk but can accrue more than just my savings account? I already put in 18% of my earnings into my 401k. I've heard of CDs as a possible route but I'm pretty lost beyond googling around.

Also, if there are any personal financial books or websites that are must reads I'm open to recommendations. My knowledge in this realm is pretty limited and I feel like I'm lagging behind others my age (e.g. I don't know what an APR is, housing market rates, how mortgages work, etc.). I'm not sure where to start beyond googling what these things are and if that's actually the right way to go about it. Sorry if I've been too vague in any areas and happy to answer any questions needed!



Submitted October 23, 2018 at 08:19AM by sploopsy https://ift.tt/2O0eLzI

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