How do I into personal finance?

>>1429771
Get a financial adviser because obviously you know nothing about finance. You will lose all of your savings if you try to do it yourself.

>>1429784
But can you at least point to where what I said is wrong? Or a big thing that I am missing?

Also, is there some online tutorial? Youtube video? Whatever!

>>1429771
>I am a mathematics oriented guy with a good job making about $110k per year (before tax). I live in a relatively cheap apartment, own a decent car, and have no debt. I have been working for about 5 years and now have about $100k in the bank.
So you've earned about $400,000 after tax, live in a cheap area, own your car, and only have $100,000 in bank? What did the other $300,000 get you over those 5 years?

Figure that out and you're actually going to see some benefit. Focus on your shitty savings and you've already lost.

>>1429858
Homie.

the idea is, if you have money, don't let it sit there, make it work for you.

also, get a credit card and build credit..
then you can get loans with low interest.
why is this important?

if you have 400k and buy a 400k house, you now have 0, but a 400k asset.
HOWEVER..
if you take a 400k loan at only 1% you can pay off the house instantly, then the loan slowly, and still have your 400k in the bank to MAKE Money off of

capish?
your mathematic mind would say stay away from debt, always pay shit off, the above defies that logic

Max out your traditional 401k and traditional IRA for tax benefit.

Find yourself a nice home to purchase, be conservative and take a thirty years mortgage out. Pay off within fifteen years.

Due to high income, I suggest you save up a buffer of six months of income in savings.

The rest should be invested in the stock market either via a simple portfolio or to have it managed by roboinvestor such as Wealthfront or Betterment and enable tax harvesting. I think Betterment has a better tax harvesting approach.

Live like a king...