re: Am I ready to start investing?

quote:

---

A couple years back I came to this board for advice on how to get started investing. While it didn't go horribly wrong, the general advice I was given was that I was not ready. I had credit card debt, a tiny bit of savings and no emergency fund. I was also not participating in the company's 401K program. Fast forward a couple years and here is where I currently sit financially..

Cash on hand : 10K with 1400 set aside for emergencies (EF continues to grow at 80 dollars a week)
401K: $12,325
Roth: $3,415 with 1070 cash available
Acorn App: $1820
Life Insurance: 20K policy through work and in the process of purchasing a 200k policy
HSA: currently contributing $50 a week

I owe approximately 23K in student loan debt but have taken full advantage of the zero interest Covid period and Im on pace to be under 20K before the end of the year. Other than that, I have zero debt. My credit cards are paid off and I have no car payment.

My income is a combination of an hourly wage plus tips. Conservatively, that breaks down to ~900+ a week in cash and ~ 350 a week in hourly wages.

Expenses: $1,565 + ~ $400 for food, gas and misc stuff.

---