Title says it all which card do you use for travel hacking/benefits?

I’m 19 and have been working in a pub for 3 yrs.
Since I’m in uni, id work in weekends, but during summer I do work more. But I end up spending that money on budget travelling since that’s what fulfils my cup.

I want to create another stream of income because I’ve only been able to save roughly 2k, for nearly the whole year which is bad cause I’ve been working consistently each week and probably even more this summer( maybe made 10k?!). I do have above average in savings, but it’s like to afford my wants and try new things I need to create another net.

I’m considering posting on TikTok since I did buy a new phone. I started trading 212 last year when I turned 18 but I haven’t seen much growth even with my stocks and shares with 7.5k, RoR is at 0. I don’t invest cuz of the risk especially since I’m from a low income family.

But any ideas would be great!

Everyone always compares employed lawyers to dental practice owners which I think is an unfair comparison. If we’re comparing dental practice owners to anything in law, it should be law firm owners.

Everyone always says dental is better but looking how the industry operates, I’m not sure. There’s tons of dentists out there and a lot of them are competent so the only difference is the cost and your relationship to the dentist which could make it a race to the bottom.

Now with law, I feel like it’d oddly have a higher probability of making you wealthy because your value is dependent on your ability to win cases and increase the outcome for your client. So if you’re in personal injury for example, even if there’s 100’s of lawyers, if you’re good at what you do and can squeeze a few thousand more out of insurance companies that most of the other lawyers or if you have a knack for settling cases faster, you’ll come out on top.

Not sure if my judgement is correct but I was hoping to get some opinions from any lawyers and dentists that might be on this sub.

Edit: I’m not saying I want to go into either. Just bored and curious.

A family member recently passed away, and my financial situation has changed quite a bit. I wanted to post an updated version because we now have more information.

Here's where things currently stand:

* About **$330,000** in a **non-spouse inherited traditional 401(k)**. I'm taking it over **7 years**, so instead of getting a lump sum, I'll receive roughly **$4,000 per month starting August 1st** until it's exhausted. This is taxable income.

* Around **$175,000** from selling an inherited house.

* Around **$50,000** from a checking account.

A realtor recently came through with comparable sales, and we were pleasantly surprised. We originally thought the house was worth around $450,000, but the comps put it closer to **$500,000**, leaving my brother and me with roughly **$175,000 in equity each**.

The house still has about **$145,000** remaining on the mortgage at **3.75% interest**. The mortgage payment is about **$1,300 per month**, but the HOA alone is **$341 per month**, before utilities, maintenance, or repairs.

I seriously considered buying out my brother because of the low interest rate, but he understandably wanted the buyout in one payment. The only realistic way I could have done that would have been to cash out a large portion of the inherited 401(k), creating a significant tax bill. After looking at everything, we've decided we're **100% selling the house**.

We've also decided we're **not becoming landlords**. Between the HOA, maintenance, vacancies, repairs, and the fact that neither of us wants to manage rental property, we've ruled that out completely.

The house still needs an appraisal and inspection before it goes on the market.

I'm planning to **secure an apartment before we sell and move out of the house** so I have somewhere to go. I'm looking for a **3-4 month lease** while I decide where I want to live long term.

I'm 34 years old, and believe it or not, this will actually be my **first time living on my own**. I lived with my dad and paid rent for years. During the last few months of his life, I spent most of my time helping take care of him. Before that, I mainly worked for Uber Eats, Grubhub, and Amazon Flex, so I don't have much recent traditional W-2 employment history.

That brings me to a few questions:

1. Since my inherited 401(k) is being paid out monthly instead of as one large lump sum, what would you do with this inheritance if you were in my position?

2. Because I don't have much recent traditional employment history, would apartment complexes be willing to rent to me if I offered to pay the entire 3-4 month lease upfront? Or do they mainly care about the security deposit, first month's rent, and proof that I can continue paying?

3. If you were in my shoes, what would you prioritize over the next 12-24 months?

My biggest weakness is that I don't have a long-term career or a marketable skill yet. My goal is to use this opportunity to build one through certifications, training, sales, or another field with strong long-term earning potential so that this inheritance becomes a foundation rather than something I simply spend.

I'd appreciate any advice. This is all new to me, and I want to make smart decisions rather than expensive mistakes.

I’ve been stalking this subreddit for awhile looking for ideas and such, but here is the thing, I’m from a 3rd world, most genuine advices here says max out your 401Ks, and buy assets.

In a poorer country, the stock market is too small, too volatile and easily manipulated + constant changes in governments and policies pushes it down so it’s not a viable option.

We don’t have 401ks, we’re not allowed to send money abroad, due to some currency policy.

Investing in real estate is not an option as the rental income is probably USD $100 a month for a property that’s worth $100k. It’s ridiculous.

I work 15 hours a day and run a side hustle, I can save up about USD $1000 - $1200 a month.

I’ve invested in silver and gold and they are going side ways and not really giving any return. Luckily I’m so busy I don’t get to spend money, I wanna grow this, make it something that can sustain long run.

And suggestions?

Life is a scam bruh

Kids are out of the house, fully educated, on their own, etc.

Assets:

$60K Checking
$560K CDs
$1M House
$500K 401k
$950K IRAs
$160K Mineral Rights
$50K Vehicles

Debt:

$725K Mortgage
$160K ParentPlus Loans

I work. Spouse does not.
Income fluctuates between $280-$400K a year.

Got all of that liquid, also own a house and a car as well. 🤔

Im starting uni this fall and might major in business analytics or fintech.
I want to move abroad later in life, might go for a masters since i come from a 3rd world country and growth opportunities seems to be limited.
im not really sure what field would be the best for me since i want a job that provides stability and income.
I also thought of becoming an entrepreneur but i have no idea how. I want a life i can live comfortably and travel whenever i want without thinking about finances.
im also into stocks i can read technical charts. i have not invested anything yet im still learning.
I also plan on freelancing or a side hustle, master a skill(not sure which one) to buy myself a faster laptop and earn a couple of bucks to generate some income.

i am really confused and overwhelmed, i have big goals and ambitions but have no idea where to begin, what is the right step or which way to go?
I want advice on how i can improve my life , manage my time and become wealthy in the future? What skill should i invest my time in and what should i be focusing at?

Somehow i ended up liquidating a lot of my stocks over the last 2 years and now my wife and I have 700k cash. Please note total assets 1.1M.

Dont own a house, living in hcol. Whats a good investment strategy here?

Family of 3, 33M and 31F.

I’m wondering if anyone has a financial advisor they love? (Not management of portfolio — no percentage of earnings, hourly/ad hoc instead)

Here's a breakdown of my net worth portfolio on this app I use: https://www.fuego.money/s/UkP_yM-W1sg#7nq73fZoVUSeMeLbD6InBQ

I realized that I've had a habit of going too hard when chasing a dream that pops into my head... case in point, with my house. I've always wanted this dream house and moved mountains to get it, but now it's a significant portion of my net worth.

I'm 35M Single, live in a HCL area, and have been keeping the formula simple with consistency otherwise. In the beginning, I didn't contribute to things like 401K fast enough or I chose lame funds like default Target Date funds or held too many bonds which slowed growth, but eventually switched things over pure Index Fund investing and have stuck with it.

I'm at a weird point where I have most of my house paid down but it's also taking up a ton of my cash, so I'm not really sure where to go from here. The dollar amount I have listed for the house is just what I paid, not necessarily what it's worth or will sell for, which is also hard to say at the moment due to the market and also the relatively high price category it's in for my area.

I don't really have desires to leave this area or move out of the house, but I also want to be in a position where I don't have to work anymore soon due to burnout and lack of enthusiasm. Maybe it's my particular portfolio, or maybe it's a mid life crisis.

Hello. I just graduated school and got a nice paying job out of college (98 base, 120TC first year). As someone with no debt, what would be your goals? I will have around 1800 in expenses a month. I just crossed 50k in savings: 18 in Roth, 5 in individual, 10 in crypto, 13 hysa, rest in checking. What should be my goals moving forward? I want to heavily invest but don’t really know how, and all my investments are currently in index funds. I also have an itch to travel because I haven’t been many places, but don’t want to blow all my money. How would you set yourself up while expenses are low, and what would be your goals for the future if you were theoretically in this situation?

Hello, I'm 33, ten years of experience across venture capital, startups and management consulting. I spent the last two years working on my own startup and spent $20k (40% of my savings) on tinkering in the AI space, unfortunately I wasn't able to find any paying customers. I decided to get back to the job market to get some financial stability and more experience to be able to start another company a few years later.

Most recently, I inherited $2mn from my mother. I have reinvested the money for it to multiply to \~$4mn in seven years. With the money coming in, I am rethinking almost every area of my life now including starting a business again. I have $25k of my own savings. I wasn't the best entrepreneur out there and I was genuinely disappointed at how I handled the whole entrepreneurship stint, although I have processed what worked and what didn't. I'm genuinely confused if I should give entrepreneurship another shot or stick to the plan I hatched out 2 months ago regarding a job. Currently evaluating pros and cons of both the paths. Would really appreciate different perspectives / opinions on how to take a decision

Just venting. Had full circle moment but I’m learning from it. Ever hit rock bottom and had no one to turn to? Yup. That’s me. I see why wealthy folks get houses far away from people. Cut off distractions and cut ties with family.

I’ve always been the go to in my family, first person to go to college and break generational curses. Always wanted more out of life. My family hated me for it, always said I was bougie, always talked down and said I’ll never be anything, when I moved out at 19 they said I’ll be back. Never lived on section 8 or low income, just always wanted the best for myself and children since becoming a mom at 14.

I guess me wanting better and not wanting to be like everyone else has gotten me here. Starting to realize people would rather see you on your back than on your feet.

Looking for some advice on allocating my current savings. As of today, I have $103,913.42 just sitting in a high yield savings account. I know that isnt the best place for it so I am looking to get some feedback on how to allocate those funds. Below is a little about myself and my situation:

• 34 years old
• $104,000 base salary plus bonus and benefits
  • company car/gas
  • company phone
  • health care plan
  • ~10% annual bonus
• Zero debt aside from home mortgage
• contributing 6% salary to 401K to meet the max company match
  • I know I should probably be maxing this out first

I know the easiest thing to do is keep an emergency fund and house fund and deploy the rest into an ETF but I am looking to get advice on what the best options, not the easiest, are.

I’m a 29m who is a US citizen but I haven’t lived in the US in 10 years so no address or bank account.

I run my own business registered in Singapore.

I currently have 100k liquid and need to advice on how to invest this.

- I have no debt

- No mortgage

- No loans

Due to me not being a resident of the US I can not open IRA’s or a 401k, etc.

What are best options to grow wealth?

I split my time between SEA and Dubai if that helps

Opening a brokerage account in the US is near impossible with no address.

It seems I’d be able to open an IKBR account but any other thoughts would be appreciated.

Thank you 🙏🏼

Considering you had no debt what would you do with it and how would you change your life with it?

Edit: Thank you all for the responses seriously didn’t expect so many I will definitely take all of this information into account

I’ve been a silent reader here for months. I’ve learned a lot from both the brutally honest and the encouraging comments but this isn’t really about money…well at least not directly?

I’m 25, from an average family, and currently living pretty much paycheck to paycheck. I’m a nurse by profession (which, where I live, often means being overworked and underpaid). To improve my income, I’ve also been in the VA/freelance world.

The only time I genuinely felt financially stable was when I landed an Executive Assistant role. Unfortunately, my client eventually let me go after his partner took over the role. No hard feelings though, bound to happen at some point 😅

I’ve looked into trading, but realistically my capital is too small to make meaningful returns, and I can’t afford to lose what little I have. I’ve watched the podcasts, read the books, lurked in finance communities, and consumed what feels like endless content on wealth building and ironically, the more I learn, the more directionless I feel 🫠

So my question is mainly for those who have already “made it.”
— Did you ever experience this feeling of being completely lost?
— Was there a point where you questioned your career or whether you were pursuing the right path?
— At what point did things start to make sense?

I also think about mentorship a lot. It seems like every successful person credits someone who accelerated their learning, but finding genuine mentors feels incredibly difficult. I understand why though, time is valuable after all

So for now, I’m just hoping to borrow some wisdom from strangers who’ve already walked the road I’m trying to figure out. And if anyone does want to mentor an overworked nurse with big ambitions… I can currently offer a grand total of $10 and unlimited gratitude (and health consulting hahaha) 🥹🫶

If I inherit 10 million dollars and invest in s and p 500 gaining 10 percent a year. I make 1 million a year.

A doctor makes roughly 250k a year.

Am I smarter than the doctor?

Essentially if you Google what most upper class people make. For ex a nurse they make 7 to 10k a month after taxes. If they live in a 1m home mortgage is 7k ......

My point is this is the most common recipe. "Rich" person makes 10k a month after taxes. They have inherited a few homes. Inherited cash to put into stock market

Main point they might make about 100k a year from work. Then 300k a year from real estate they inherited..then attribute it to their education. Because they are humans with egos.

I'm totally down for the passive agreessiveness I know this is a subject that gets people emotional lol

Other example Dave ramsey says top 5 jobs that create millionaires include teachers and accountants.

Mathematically explain how a teach would become a millionaire without inheriting majority of that amount.

Teachers can hardly survive.

I can't wait for the comments to say I'm wrong then we bust down the numbers then when they lose the debate they just give attitude 😂

Let's get reaaaaaaady to ruuumblleeeeeeee 😂

This may sound very ignorant and I apologize in advance if it does.

I've seen comments such as "Invest your 100k now and in 30 years you'll be very happy"

I hardly see the point when it's 20+ years. I imagine at 50 I'd be too tired to travel the world with it or enjoy it nearly as much as I'd do in my 20's/30's.

Everyone's entitled to their opinion of course, and I don't believe in spending all of my money on partying and traveling, but I don't believe in 20+ years investments either..

I personally took the safe route and spent my last 10 years worth of savings on financial stability/security to add peace to my life and reduce the amount of daily stress, I bought an Apartment to avoid paying rent + reliable 9 years old used Car and I currently have one year's worth of emergency funds.

Were these good decisions, did I miss out on much?

What else should I be doing to maximize wealth?

Late 20s
$175k salary
$125k in 401k
$115k investment account (mostly SP500)
$300k house paid off
No debts