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re: Just started my first Job out of college
Posted on 3/11/10 at 9:32 am to Tigerstudent08
Posted on 3/11/10 at 9:32 am to Tigerstudent08
quote:
I put 4% into my 401k
Bump that up to 15%.(mostly in index funds)
Also, put $5k a year in a Roth IRA.(mostly in index funds)
Build up 3-6 months living expenses and park it in a money market fund for emergencies.
Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.
You need to educate yourself on personal finance. I'd start with The Richest Man in Babylon.
4
Posted on 3/11/10 at 11:41 am to Cash
quote:
Bump that up to 15%.(mostly in index funds)
Also, put $5k a year in a Roth IRA.(mostly in index funds)
Build up 3-6 months living expenses and park it in a money market fund for emergencies.
Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.
You need to educate yourself on personal finance. I'd start with The Richest Man in Babylon.
This times 100.
I haven't read the rest of the thread, but this is pretty much the best advice you will get on the internet.
Posted on 3/13/10 at 2:07 pm to Cash
quote:
Build up 3-6 months living expenses and park it in a money market fund for emergencies.
Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.
You need to educate yourself on personal finance. I'd start with The Richest Man in Babylon.
I would start with N N Taleb's books. He's a Phd in statistics who bets against the common wisdom.
He provides excellent appendices, an education in itself.
He has his own brokerage firm.
Black Swan is famous. Its his second book.
Posted on 3/13/10 at 2:09 pm to Cash
quote:
Build up 3-6 months living expenses and park it in a money market fund for emergencies.
Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.
You need to educate yourself on personal finance. I'd start with The Richest Man in Babylon.
I would start with N N Taleb's books. He's a Phd in statistics who bets against the common wisdom.
He provides excellent appendices, an education in itself.
He has his own brokerage firm.
Black Swan is famous. Its his second book.
Its considered to be one of the most important books of the past 60 years.
Fooled by randomness is his first.
Use a dictionary if you need to.
This post was edited on 3/13/10 at 2:10 pm
Posted on 3/14/10 at 6:12 pm to Cash
quote:
Don't be in a rush to buy a house. There is nothing wrong with renting for a little while.
this...keep your options open about where to live
quote:
I feel like it's pretty good while I am in training for 6 months to a year. Then the pay is bumped up significantly. What do you think the avg salary is starting out of college?
dude i'm assuming you have little in the way of loans coming out of LSU...70k is PLENTY for your first year
This post was edited on 3/14/10 at 6:14 pm
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