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Updated about 6 years ago on . Most recent reply

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15
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2
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Juwan Parker
2
Votes |
15
Posts

What to do with my first $25k

Juwan Parker
Posted

Hello all,

I am starting out on my journey to financial freedom and REI.

I am a recent college grad starting my first real job at the start of 2019 in Birmingham, AL. I have begun reading Scott Trench's Set for Life and want to begin my journey to building my financial runway! I was already following his advice before I even knew and have saved $3k for an emergency fund with a goal of $5k total (I'm getting married in June 2019 and the extra is just for any extras needed as well as for relocating to Birmingham from Columbia, SC). In his book, Scott talks about saving/investing that first $25k. I already am a natural born saver so that won't be any issue. My question is, after the emergency fund where do I save the next $25k? A brokerage account and if so, what sort of stocks/funds should I be looking at? A money market account? Any where else?

All responses are appreciated!

Most Popular Reply

Account Closed
  • Rental Property Investor
  • Brooklyn NY
469
Votes |
263
Posts
Account Closed
  • Rental Property Investor
  • Brooklyn NY
Replied

A savings account.  Don't overthink this.  Focus on your savings rate vs. where to save.

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