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So I found a steady job a few months ago and I've been putting $100 from each paycheck into a savings account, but I was wondering if that money could be set aside for something better that would yield larger dividends in the long run?
tl;dr how does a chump who makes $2000-$3000 a month start investing for long term and what are better alternatives to a savings account?
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>>1778288
ask ur parents
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>>1778288
Up your savings to 500 dollars an when you sav up 20k get a vanguard ETF
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>>1778288
>earns 2000-3000
>saves 100
>feels proud of himself
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Google "simple math of early retirement".
Save half your paychecks, put them into a Vanguard Retirement 2060 fund. In 15-20 years, depending on market conditions, you won't have to work anymore.
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You should be saving $1000 a month buddy
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>>1778288
> Make 2.3k per month
> $500 to student loans
> 500 to savings
> Still plenty for a 900 sq ft apartment and to do fun things
Is the cost of living that much cheaper in the Midwest?
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