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/biz/ - Business & Finance

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54865240 No.54865240 [Reply] [Original]

I'm looking on advice for how I can get to 10k, and once I get to 10k, what my next move should be.
Current stats:
>Weekly pay: 650/wk~
>Expenses:
>Rent: 550/mo
>Electricity: 50/mo
>Car insurance: 180/mo (Own car in the full)
>Gas: 50/wk
>Water: 25/mo
>Phone bill: 120 / 6 months
>Groceries: 100/mo (I'm in a position to get a lot of free food)


Current assets ~5k (just had to buy a new vehicle)

Long term goal is home ownership.

>> No.54865326

>>54865240
>He pays for water

Lmfao, what sort of backwards thirdworld shithole do you live in?

>> No.54865343

>>54865326
You don't have to pay for water in your country? Count yourself lucky. I live in America obviously.

>> No.54865575

>>54865240
>Financial Advice for a young person
Live with family and work.
simple as

>> No.54865652

>>54865240
Sell plasma, buy bitcoin.

>> No.54865973

>>54865652
Will BTC ever go above 40k again?

>> No.54865993
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54865993

>>54865240
Looking nice and frugal friendo, you're doing great. Being financially sound is a marathon, it's not a sprint so be patient and stay on course.

You're first step was listing out your current necessities here to make a budget, write down every single thing to be in charge of your money. From here you should save 15% of your income for retirement, open a ROTH IRA.

Sure you have a car now, but you'll need maintenance, and maybe in 10 years or so another car. Setup a fund for that, maybe like 300 per month.

Home ownership should be the goal, don't be a chump and throw extra mortgage insurance down the drain for being poor and stupid. Pretend you're making payments on a house now, setup another fund for home ownership so you get used to not having that extra income. That will build up a nice 20% downpayment to avoid that extra useless insurance and you'll be ready for the monthly payments. Hopefully you can pay off < 20 years.

>> No.54865999

>>54865973
Bitcoin is going to go up forever. If you think it's 90% likely to fail then only put 10% of your money into it.

>> No.54866024

>>54865240
>actually owning a home
it's not the 1960s any more. A reliable car from a rental area further away gets more into Bitcoin. After it 100x between now and the end of the decade, buy your house outright,

>> No.54866237

>>54865343
>https://www.youtube.com/watch?v=GceNsojnMf0

>> No.54866770 [DELETED] 

>>54865240
you should move as close to your jobs as possible work 2 fulltimes 80 hours a week take the money and put it into a good alt coin maybe doge or something because it pumps when elon tweets and you'll make free money without having to think about anything once you get the amount you need you start day trading buy the dumbest shit possible that shows up on biz mumu pepe just throw 1k around and see what sticks keep grinding money until you get lucky it'll happen sooner than you think since biz actually shills some good pumps every month try to get to 100k off eth or arbitrum maybe even pepe

just grind it's going to suck but you'll have enough money to do whatever you want in a few years time

>> No.54867000
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54867000

>>54865993
Boomer retard advice ngmi

>> No.54867074

>>54865240
Get someone to share rent with, do some overtime weekly, you could also get some extra cashes with random shorts on btc, and maybe some stuff like Nilo Brushes could help you get to 3.5-4k/Mo might be worth checking

>> No.54867101

>>54865240
the most important thing is to acquire a high paying job first. your income should be as high as possible. keep expenses low. be frugal. save and then invest. take risks too.

>> No.54867102

>>54865575
This.
If your family is trust worthy, consolidate wealth in your family unit.

Live humbly, stack to the ceiling, continue to grow and invest in marketable skills.

>> No.54867988

>>54865999
Checked. Digits confirm this financial advice.

>> No.54868270

>>54865240
I think it's a bit late to have any plans for myself, literally whenever I try to save a little bit I always spend it on something stupid or something happens, the only thing I'm taking care of a little bit is a NEZUKO bag, I have a problem