Hey everyone, throwaway here. I’m a full-time streamer pulling in about $120k/year, but income is variable —some months are great, others not so much. I’m trying to figure out how to manage my money better and plan for the future. I am 22 if it matters.
Right now, I’ve got:
Around $15k in a savings account (emergency fund)
No debt, thankfully
A mix of donations, ad revenue, and sponsorships making up my income
My goals:
Stabilize my finances since streaming isn’t guaranteed forever
Save for retirement (no clue where to start here)
Maybe buy a house someday, but that’s not a priority right now
Questions:
Should I set up an LLC or something for tax benefits?
How much should I save/invest vs. keeping liquid for emergencies?
What’s the best retirement account for someone with fluctuating income?
Would love any advice from people who’ve been in a similar spot or just know their stuff. Thanks!
Submitted November 21, 2024 at 11:46PM by Own-Turn-8043 https://ift.tt/SC0zJIq
