I have a good job now, and I’m investing about 1000 a month (after expenses, emergency fund, retirement) into a brokerage account, which currently has about $30k. I am also pursuing a degree in something I’m passionate about. When I finish my degree (about 6 years from now, I’m going part time) I will most certainly take a pay cut, as the field is low paying and I’ll be entry level. I’d like to set myself up with some extra income for after I change careers. My question is, is there any way to achieve a meaningful boost to my income in these next 6 years through investing? It doesn’t seem like there’s a way to achieve this just through passive investing in my brokerage account. What would you do in this position? How would you invest this money to achieve a reasonable return in 6 years time? The options I see are typically 1) own a rental property or 2) own a business. I do not particularly have the time or desire for either of those. My aim is a $15k annual return by the time I graduate. Is this possible? If it isn’t, please be blunt. Thank you.
Submitted August 24, 2023 at 11:17PM by whatyoudotogarbage https://ift.tt/GD0jsur
