Short Context :
– $31k in a brokerage account
– $7,500 in savings
– $2,000 in checking
Living at home, no rent or mortgage
A few things I’d love input on:
Should I be maxing a ROTH IRA?
I prefer to buy individual stocks, my portfolio typically out performs the market.
Since my car and phone expenses are covered, what percentage of my income would you aim to invest?
Any tax moves I should be making at this income that people usually miss?
If you were 24 with this setup, what would you do differently than you did?
I’m not into flashy stuff. I’m not trying to buy a nice car or watch. What I want is freedom and security down the road.
Long term, I’d love to get to a $5–10 million net worth. I don’t have a set path to get there, whether that’s investing, real estate, or something else, so I’m open to hearing what’s actually worked for people.
Any advice is appreciated. Thanks in advance.
