Hey everybody,
I’m 26 and simply getting began on my monetary independence journey. With the BBB just lately accredited, my deductions might be round $25K–$30K. I plan to present $15K to my dad and mom to assist assist them for the primary 12 months however after that I’d be maintaining the remaining.
I presently earn about $75K a 12 months, with ~$69K coming from ideas. I’ve:
• $2K in a daily financial savings account (computerized $200 deposit every payday)
• $22K+ in a retirement account
• No different investments/crypto in the meanwhile
My targets are:
1. Attain $100K+ in financial savings inside 6–7 years
2. Construct investments that generate $800–$1,500/month in earnings over time if that’s to not unrealistic (Principally impressed from what I dug up from what I learn about dividend shares)
I’m model new to investing and long-term planning, however I’m dedicated to studying and doing this proper. Any methods, recommendation, or sources you’d advocate can be vastly appreciated.
Thanks upfront!
