Hello all, I am 18 years old and through constant neglect of my mental and physical well being and willingness to do whatever it takes to climb the ranks. I am finally in a position where I am earning good money and have a surplus that I can either hedonistically spend recklessly, or invest.
While part of me would love to blow this money on a vacation or fancy things I know that if I want to build a better future for myself and have a family I need to invest this money. At first I considered simply saving this cash however with the rising rate of inflation I no longer see this as a viable or logical option.
As it stands now I can invest anywhere from 800-1200 dollars monthly (that I've been saving thus far). I do not come from a background of wealth and besides basic management of everyday expenses I am financially illiterate.
What advice could you give someone in my position to ensure that the money they have earned at a young age doesn't disappear via the activities typically associated with being a young and immature child?
Submitted August 14, 2022 at 11:51PM by TheBigF1sh https://ift.tt/fNSOQgC
