>make around $60k per year
>not going to school
>still live with parents
>20 years old
>nogf
Is it time to move out? There are pretty nice apartments near my employer that are around $1000 per month for 900sqft with included utilities. I'd be spending between a quarter and a third of my income on rent. Thoughts?
>>18477429
that depends entirely on you and what you want. you will look better by opposite sex and friends if you move out, however, if you don't give a shit you can milk it out as much as you want and save that 60k/year and use more of it. Plenty of people live with their parents still, but you will find more fulfillment in life if you move out imo.
>>18477429
You have an excellent opportunity to fucking crush it in investing. If you make 60k per year thats about 5k a month, or 3.75k a month after taxes.
Because you don't have to pay rent or hell even groceries, I would say you can save close to 90% of that a month.
Within 6 months you can have about 18-20k. If you take those six months and study how to invest using technical analysis and practice trading, you could easily be making 20+% of what your principal is per month.
So then if you start investing at the 6 mo mark, that's an extra 2k+ compounded. So at the end of a year, you could have
20k + 12k + 20k (from another 20k saved after the initial 6 months) is 52k. Then you add one more year on top of that
52k +25% a month compounded + another 40k from work = approximately 800k.
In two fucking years. You could retire by 23 if you do it right.
>>18477464
>day trading meme
Stop. Don't do this. Invest in blue chips and index trackers, OP.