Hi guys,
I am 23 y/o. Working in sales & Getting a promotion that comes with a bonus.
I make about $12k a month currently and expect this promotion to raise me about $3k a month (net -15k/ month) . I am receiving a $25k bonus.
All together the end of March I should be about +37k. My expenses are about $5k a month so this gives me $32k to play with.
I have $0 student loans, but about $8k in CC debt. Currently have about $10k in savings after paying my latest tax bill.
Really I’d like to buy my first investment property this year, I am 1099 so I’ve been waiting for 2 years of income to state.
Is it a better idea to set this aside for a 20% downpayment or pay off what I currently have in debt and invest the rest in stocks/ mutual funds?
Submitted March 05, 2019 at 01:19AM by frothyryebread https://ift.tt/2C69mnF
