I’m 21 years old and I invest $600/mo into a Roth IRA Index funds (maxing) since I was 20. I also put about $400 into my 401k at work each month. Trying to set myself up for the next few decades is really good but I’m also a little worried about the mid term (5-10yrs) since the investments are more long term and I don’t really have any savings besides these. I also like trying to start small projects/business on the sides which require a bit of capital on my end.
Would it be a good idea to split spending on the investments and put it into savings so I can cushion myself for the next 5-10 yrs for an emergency? Or continue trying to build a business or continue my career and get periodic raises.
I make about $2k profit a month after fixed expenses/rent/car/investments
I’d also like to buy a property to rent out in the future which is another reason for building mid term wealth
Submitted August 08, 2019 at 11:58PM by jsilv141 https://ift.tt/2YARPS6
