Quote:
Originally Posted by corn18
Everyone should contribute at least to the company match. That is free money. 42% of my current 401k balance is from the company match (and the growth on that match).
|
Agreed, put in to the match at the least. If you have good investment options in your 401K like low expense ratio/fee S&P 500 index funds, put more money in there.
- Then take other money and open a Roth IRA. Again, buy mostly low expense ratio/fee S&P 500 index funds.
- Then once those accounts are cranking and have 6 figures in them, then open a brokerage account and buy more low expense ratio/fee S&P 500 index funds, quality stocks and funds, and play around.
- Pay off your house.
Do all of this while living within your means and don't be a slave to debt or buy into the YOLO idea because the reality is you're likely living into your 70s or later.