All Forum Posts by: Tye Laviolette

I’m 19 years old, I still live with my parents where I fortunate enough to pay no rent. I don’t have any student debt, I have a good paying job where I make 18.55 an hour. As of now, I put 20% of my paycheck into a Roth account where my employer matches 5%.

I have had a plan for a long time that my first big purchase would be a multi unit house or a duplex, ideally a 2-3 unit building where I could live in one, and rent out the other. I have no idea what I should be doing with my money right now, I get paid about $800 every two weeks if I don’t work any overtime.

I put just about all of my money I earn into my savings account. I need help of finding a better place for it, is it that the best place?

-What should I be doing with my money?

-How much should I plan on putting as a down payment on a multi unit? 20%? 10%? As much as I can?

-instead of putting 20% into my Roth, should I do 5% and do something else with the 15%? (That way I still get the 5% match)

I’m 19 years old, I still live with my parents where I fortunate enough to pay no rent. I don’t have any student debt, I have a good paying job where I make 18.55 an hour. As of now, I put 20% of my paycheck into a Roth account where my employer matches 5%. I have had a plan for a long time that my first big purchase would be a multi unit house or a duplex, ideally a 2-3 unit building where I could live in one, and rent out the other. I have no idea what I should be doing with my money right now, I get paid about $800 every two weeks if I don’t work any overtime. I put just about all of my money I earn into my savings account. I need help of finding a better place for it, is it that the best place? -What should I be doing with my money? -How much should I plan on putting as a down payment on a multi unit? 20%? 10%? As much as I can? -instead of putting 20% into my Roth, should I do 5% and do something else with the 15%? (That way I still get the 5% match)

I’m 19 years old with little to no payments. I still live at home with my parents where I’m fortunate enough to not pay rent. As of right now I make about 18.55 an hour, I put 20% of my paycheck into a Roth account where my employer matches 5% (my Mom made me) As of right now my paychecks are about $800, I get paid biweekly and I really don’t know what to do with my money. I have had a plan set in my head for a few years now that my first big purchase would ideally be a multi unit where I can live in one unit and rent out the others. I would ideally like to get a duplex or a 3 unit home. I would like to get into a house by the time I’m about 22. -How much money should I plan to put down for a down payment on a house? 20%? 10%? As much as I can? -What should I be doing with my money now? I currently put my money into a savings account. -is there a better way to have my money grow in the next two years? -instead of putting 20% into my Roth account, should I just put in 5%, have my employer match another 5%, and invest the other 15% elsewhere?