Hello All,
I've been lurking around some finance sub reddits trying to read as much as possible to garner information about my next steps. Background Info:
I'm 21, recently hired at xyz company. My salary is $54k a year. ( Early position so there's career advancement ). With no prior debts or really any expenses at all. Possible monthly rent of up to $1,000 in the near future.
My goal is to potentially buy a house within the couple of years. Possible car ( although not needed ) Area: Boston.
As well as take care of my mother who is 50 with no savings for retirement.. hence the house will be mainly for her as she will not be able to support herself with this ridiculous house market.
What would be the best next steps I can take with this job that would ensure I will be financially secure for basically 2 people?.( Mother )
Should I aggressively save and buy a house in 3-4 years. or invest in ROTH, 401K or any others I may not know about?. And use that for her ? If at all possible. Again I'm new to most of this.
Thanks for any advice!.
Submitted January 22, 2019 at 09:34PM by 2Krow_ http://bit.ly/2AW2usI
