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New Member- 25 and looking for next steps to be “Set For Life” !!

Isaiah Pitchford
Posted

I am 25 years old. I fall almost to a T what Scott was describing in “Set For Life”. My income is not an issue... I will start living a more frugal lifestyle & can easily save thousands of dollars every month.

However, I currently have about $8000 spread across different brokerage type accounts (Robinhood, M1, Fundrise and betterment) and about $3000 in my Roth IRA. I know now to start racing to accessible cash that I can use to invest in real assets. I'm still very new in the tax world. Do I leave the $8000 where they are and completely start from scratch? Do I pick one index fund brokerage account and move all the money to that account along with my IRA? Or do I move it all to my IRA?

Again, moving forward I have no worries about my saving abilities... I just don’t know how I should reverse the earlier decisions I have made in my early 20s. Thank you in advanced.

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61
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12
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Replied

Hmm, is it just me or did I see this post a while back? A repost?

User Stats

61
Posts
12
Votes
Replied

I see the other post https://www.biggerpockets.com/... In terms of advice, you might be better off posting in one of the other forums on BP, like maybe the general real estate investing forum https://www.biggerpockets.com/...

This forum here is for member intros, so viewers might overlook your questions. Welcome to BP by the way. Good luck with your investment goals. I'd chime in a bit but figure there are better mentors on BP to offer you advice.

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4,092
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1,364
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Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
1,364
Votes |
4,092
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Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
Replied

Welcome to BiggerPockets, Isaiah! 

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1,739
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398
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Anthoney Hanks
  • Real Estate Broker
  • Forney, TX
398
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1,739
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Anthoney Hanks
  • Real Estate Broker
  • Forney, TX
Replied

Welcome to Bigger Pockets @Isaiah!