I'm 29 years old and I have 150k in the bank. 25k in stocks
I own a condo that my parents bought me when I graduated college (valued at probably 800k now) I own a car worth about 15k I make 64k/year
Monthly expenses are 350 HOA 80 internet 300 Health insurance 80 car insurance 100 cell phone 600 property tax so roughly 1500/month
I only work 4 days a week, sometimes less, so I have a lot of free time.
What should I do with my life? Will probably inherit about 2 million in assets when my parents pass, so I'm not overly concerned with money right now. I'm not depressed or any gay shit like that, I'm just looking for answers.
paint, make music, draw, screw women, travel, go camping, hiking, fishing, hangout with friends. you know, all the cool shit
Xavier Torres
Sell the house and buy another without all the HOA bullshit
Jack Ward
not really, it's supposed to be 260 but the funds are low so we all agreed to a temporary increase as there's some work being done on the building. It'll probably go back down to 280-290. It has advantages, obviously, but is a little high I think.
yea... I do a lot of that already.
The property tax increase of the new place would be about the same as my HOA fee. Property tax is placed at the value you buy a house at.
Nathaniel Murphy
350 hoa and 600 property tax = $950/month in rent. Sell that stupid condo and put that $800k into vtsax. Then go on craigslist and find a bedroom for rent on craigslist for $300/month. Now you have dividends coming in from vtsax thats probably enough to cover your lower monthly expense. Quit your job, go have fun.
Gavin Sanders
OP don't do it exactly like this. either get a tenant in your current unit or sell it and buy a nice duplex or three flat or something. let other pay your note.
Jason Clark
how much would I get per year from vtsax?
Gabriel Rodriguez
Sell the condo and move into a van. You should put every cent into crypto now.
Thomas Phillips
I’d sell that condo and buy 6 condos.
Samuel Nelson
Yeah sell condo for 800k and use 500k to finance the purchase of 6 and put 100k into bitcoin/chainlink/eth. Keep a few hundred thousand for other investments/shtf scenarios.
Why are there so many vanguard shills on here? What makes it the best index fund investment over the others?
Ian Rodriguez
>What should I do with my life?
Imagine having so little willpower that you ask someone on the internet what to do with your entire LIFE. Decide for yourself, or it won't be YOUR life---it will be the fag you listen to ITT. Even me.
Joshua Miller
Find a woman and start a family.
Matthew Baker
>tell me what to do with my life You’re fucking pathetic
Caleb Mitchell
Selling the top of the housing bubble and diversify into rentable properties that people will need when they forclose on that new constructed 2 story house then you’re buying the bottom of the crypto market. Congrats OP you won
Brayden Thomas
I mean, i also hold fidelity s&p 500 in my 401k and that's pretty good too. The key is just holding low cost index funds.
Austin Rivera
Low expense rate.
Joseph Taylor
hmm. maybe try trading shitcoins. its literally my favorite thing to do
Julian Baker
Quads of knowledge
Hunter Watson
Put 10% in a btc 3x long
Jose Foster
I don't understand this
Evan Price
Give me money and feel good about yourself because I can't even afford a good pair of shoes.
Connor Bell
do people even make enough trading meme coins to cover the cost to actually convert it back into physical currency? I was looking at localbitcoins and shit the other day you lose like 20% just turning it into spendable money
Carter Long
Why do trust fund babies keep asking us for advice? Is there something inherent about having access to a load of unearned wealth that turns someone into a degenerate?
Isaiah Edwards
whats the point of owning property when you have to pay property tax? Fuck this system. seriously!
Justin Wright
start making/saving more money. you have a decent net worth for your age, but definitely not "set for life" kind of cash if you want to live a nice upper-middle class life, especially if you eventually have kids. don't assume that inheritance money is coming in. your parents could either live an extremely long time and you might not get that money until you are very old, or they could fall ill and have years of expensive assisted living and treatment expenses that could eat through a good chunk of that money.
Austin Davis
Whatever you do, don't fall in love.
Camden Hall
it's an appreciating asset. most of the time.
Andrew Mitchell
Fuck HOAs. Unless you want to be a 30 year old boomer living in suburban hell.
Henry Watson
travel the world nigga
Sebastian Jackson
wtf is this ? good advice on my Jow Forumsness board? gtfo
Connor Sanchez
coinbase is not nearly that high. maybe 5% max. but I don't really cashout I just trade shitcoins and increase the value. sometimes I'll cashout but its rare. Its just play money to me. Kind of like buying scratchers or playing a slot machine. If I never see it again that would suck but I wont be financially ruined because I don't count on it to pay for living expenses. most my trades are made over weeks or months sometimes. the majority of my time I spend just researching the next shitcoin or staring at charts
Ryder Fisher
Make the world a better place, and stop telling people about all your inherited bullshit. It does nothing but piss people off and make you sound like a little bitch who couldn't make it on his own.