RamblingMad
I'm an 80s kid too.
- Joined
- Mar 29, 2019
It's amazing the difference of today vs. that long ago. Even 20 years ago, I was married, kid on the way, bought our first house, maintained 2 cars (5 year loan on used plus year 6-10 on the other car until it was replaced) all while my wife quit her part time job to raise the kids and I made $12/hour on the edge of 9/11 and the economy stagnating for the lower workers.
I am looking to start and toss some money now, but the current goal is to take vacation payout, bonus, and tax refund and get the car paid off early. At that time, hoping to be March, I am looking at being able to put a small amount away, and it will be for the car replacement. I'm not looking at long term retirement, I have the 401k for that which is slowly building back. There are other needs that come that need paid but not now for a while like future car and house down payment. That's the kind of investing I'm looking into, but the only thing I know is going to the bank and getting a mutual fund.
My employees use the Robinhood app for all of their investing needs. The average investor is only making a 1.9% return because investing is hard psychologically. Don’t feel rushed to do this. But make sure you know your options for when you want to dip your toes into this hellish pool, where everyone is trying to rip you off.