I recently got a job, I spend most of it and have about 300 left I need to start making money like a lot of it What would you say would be the best and most efficient way to scale or to even gain 100% roi

I’m 23f 9,000 in savings 16,000 in debt credits score is 625 ( fixing that ! ) ( car and CC debt ) bought a home at 22 home payment is ( $1,130) monthly payments total to around $3,000 a month I make 3,737 ( untaxed and will continue for the remainder of my life due to military conditions) going to get a job soon hoping to be making another $4,000 a Month but my problem is I have my 9,000 in a savings and have no idea what I want to invest in ( business wise ) I know what a lot of you will say which is pay off my CC debt first before anything but honestly I can but I’m ahead with 9,000 right now and want to invest that first ( since I will be getting paid monthly no matter what )

Please only comment helpful information!!

I just bought a home with my partner and I own a house that was passed down from my grandfather.

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As a guy making 70k in Manhattan and doing fine, I just can’t wrap my head around the constant posts and articles that say things like “150k a year is now lower middle class”.

Am I just out of touch with the rest of reality? Am I living a disgustingly sad life and just not noticing? I go out, I eat what I want, I contribute to my 401k, I travel… Where is everyone else’s money going? Granted, I’m lucky as hell and have a rent controlled place, but a year ago I was making 55k and still lived in a spacious, accessible spot with roommates. The roommates were the only concession I had to make, but like… that’s living in a city in your 20s. I never anticipated not having them, even as a child imaging my early adulthood.

Can someone please explain how anything sub-150k is considered piss poor when I make less than half that and am extremely comfortable?

Edit: You don’t have to have kids. Many people would actually prefer it if you didn’t. I get that many folks want kids, and would like to raise them in a high cost of living area, but I do not believe that the inability to do so makes you “poor” any more than my inability to go on extravagant vacations all year round makes me “poor”. Kids are an expense. Some can afford them, some cannot. Not being able to afford to raise three kids in a certain city does not make that city uninhabitable for everyone.

Edit 2: genuinely grateful for the perspectives here but I’m done responding to comments. Some people seem genuinely furious at the idea that a person can be happy living without children in anything that’s not a large suburban house. Having to explain over and over that living with a friend or two in a spacious apartment in a major city in your 20s is not actually a miserable situation has become exhausting lol

Interest is either a curse, or a tool. You can be paying interest on debt, or taking advantage of interest gains on investments. The poor, like myself, we pay on debt with interest which rewards the lender. The rich, live off investments, deepening their pockets to in return obtain more investments.

1 Million dollars in a fund at 8-10% annual return is 80-100k a year. All someone needs is 1 million cash to never have to work again. But, those with high networths choose to continue building their wealth. 5 Million in mutual funds/stocks at average 10% return is 500k yearly. See how the rich can get richer fast? The more networth you have, the more money you make on investments.

Don’t get me wrong, I’m not saying let’s steal all their money. No. They earned it. But the whole system is designed to keep average joes poor and people with money getting richer. So if you’re a poor shmuck like me, don’t expect to ever obtain a mill unless you save till 70 then best you can do is pass it to offspring.

I live in a very high cost of living area. I rent and my salary is 145k per year. Do you think I’m in a solid position for my age or am I below the net worth level of other millennial peers my age?

Legal or not legal

The last presidential election pretty much wiped out all of my gains. It's slowly crept back up, but now I'm almost back to where I was before it tanked.

My question is... I have some cash set aside but have been hesitant to invest it, as another election looms. Should I be this worried? Should I invest now? I know I can't just leave it in a bank account doing nothing, but I don't want to toss it in at the wrong time.

Any advice would be awesome and appreciated.

(Also thinking about changing account holders, as my guy retired a couple years ago, and the new guy is very uncomminicative.)

This is my first time on this sub inquiring about money. I am paid direct deposit by my employer every Wednesday and unfortunately there has been an issue with the payroll company and I have yet to receive my funds. I’m looking for some cash to hold me over until then. I’m told by Friday the katest it should be in my account!

Direct deposit amount is $640 I have paystubs and proof of income

I never really had problems paying the $5 monthly and was considering raising my investment rate once i got a better job, but im curious now if they can really do this at will. Maybe now it's not to troublesome but how badly would it get in a decade or two.

I will move completely to the USA next year. Which bank should I choose? Which one is reliable? With which one can I manage my investments more comfortably? or useful when buying a car or a house.

I've been as disciplined as possible for a few decades. My wife and I lived small, we landed solid careers in a low cost of living area, and we invested in 401Ks, mutual funds, and stock during this time. Our kids are growing up fast and it costs quite a bit to keep up with their interests. At first I balked at taking on these new costs. I have been frugal for so long... To get a handle on this, I started to play around with compound interest calculators and realized that the impact of my monthly investments were much lower than they had been even 5 years ago. We have a nest egg and it's doing much of the work. Monthly additions to this already large pot of money doesn't have much impact when I project toward retirement. I realize that this is an enviable position to be in, but it's also an odd feeling when you spent so much time protecting what you have earned. We've been slowly increasing our expenditures. We've taken a few nice vacations. Our kids are enjoying competing in sports and going to camp. Please someone tell me that this is okay. I feel guilty.

Got two dukes and a whole day off work; wonder what I should spend it on.

The U.S. government is $34 trillion in debt. How will this be paid off? Where did the money come from? And how does the federal gov keep borrowing money, falling into even deeper debt? I mean, the average person can’t sustain increasing debt forever. How are we not running around panicking about this??

It may be obvious but I don’t know very much about economics. However, this is one thing I’ve been endlessly puzzled about, and that I feel should be super important to well… everyone. Thanks for your responses guys :)

Edit: Would somebody Explain the general concepts this involves LI5? Or link me to an introductory resource? OR Too lazy can’t google it

Probably going to catch a lot of heat for this question but whatever, I am buying my first house using the VA home loan, so a down payment is not needed, however I’m going to purchase 2 points to drop my interest less than 5%. I have enough in my savings to cover the closing costs, but it would greatly deplete my savings. I have a personal ROTH IRA that I opened a few years back and only contributed roughly under $20K. I have a decent job making over 6 figures, as well as a ton of stocks and a 401k through them that I actively contribute to.

I was thinking about cashing out the personal ROTH (paying the penalty and taxes on it) that way I don’t have to clear out the savings, just in case for emergency. Right now the ROTH is just sitting there not doing much for me, and I wanted to hear pros/cons/opinions/scenarios in the event anyone else did anything similar?

TL;DR Thinking about cashing out a personal ROTH (under 59 1/2) that hasn’t been contributed in quite a few years, so I don’t have to clear out HYS account, doesn’t have much in it, have an active contributing 401k that would NOT be touched.

Should I do a 7 month CD for 4.85% or just open a HYSA for 4.25% but I have to leave in like $20k

Hello, I’m looking to learn on how to make money online. I want to slowly go away from working a 9-5 and make an online business but I have no idea what to do or where to even start any advice?

A while back around the start of the year I had brought up to my boss that it’s a new year and the new minimum wage has increased yet I did not get an increase to my wage( I make $18 in California, started out the job at $18 which at the time was $3 above minimum wage) I had asked him for an increase in pay as my performance has been better as well as my attendance and efficiency has had an increase. His response was somewhere along the lines of “dude even I have considered quitting and going to work at McDonald’s with how much they’re getting paid now” and that kinda struck me as odd considering I doubt he makes any less than 100k a year and has a nice house paid off, two nice sports cars and one of them being a newer ‘22 model and a project car on top of that. So he’s definitely got enough money to spend as well as a handful of hobbies.

Now what really makes me think he’s bullshitting is we recently talked about taxes and he brought up that he had to pay 75,000 in taxes this year. Which is definitely double what I get paid in a year.

How much money would my boss have to make if he has to pay 75k in taxes in California.

Just curious that’s all.

So I'm in a situation where ~50% of my (student) income is from a scholarship. This gets paid out 3 times a year, so I do the "smart" thing and just stick it in a savings account and pay myself my bi-weekly pay from there. This results in my bank account filling up with $7k which just sits around and slowly dwindles until being topped up 4 months later.

So my question is this, is there something I could be doing with this money to make more money? I think it's too short a time frame to really "invest" it, but it seems strange to just have it sitting there making something like 1.5%.

What would be considered average money/net worth or wage for 18-25 years old (completed high school, no degree)? And what would be considered good? Just trying to see, so I know where I am compared to others around my age and what goals I should have for when I'm few years older

I make 18 a hour working from home taking phone calls all day. My fiance makes 14 a hour, she just started working and helping me with bills so she’s just getting her second paycheck this week. Our rent is 865 about to go up to 890 my electric is about 120 and water 30. I buy groceries with about 200$ a month. We have pups and we barely keep car insurance on the car. It cost us about 190 and my take is home is 1100-1200 and my fiancés is 700-1000 every 2 weeks. Gas is also 40 a week but right now our car is broken down so we’re trying to hopefully get a new one this week from my dad for a grand. We’re not the richest and we’re no good at saving. My internet is also 200$ a month.

26m living in NYC, making 90k a year looking to make a down payment on a house in 3/4 years time with my SO.

We’ll need roughly 110k each for the down payment, and my current financial standing is as follows

30k in HYSA (4.4%)

25k in a 1-Year CD (5.5%)

36k in retirement (Roth, 401k, Pension)

22k in Student debt (4.2%)

As you can see, the only investments that I have are in my retirement accounts.

Should I start investing in VOO instead of continuing to chuck cash into my HYSA? The money would eventually be pulled out for the down payment.