How do I start a 5 year plan? I have no idea what I want to do

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Anonymous
2017-03-20 08:13:04 Post No.
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Anonymous 2017-03-20 08:13:04 Post No. [Report]

How do I start a 5 year plan? I have no idea what I want to do with my life. I'm 28, have $0 debt, college educated & make $52k/yr & recently single. In April I'll be moving to a new city (renting) to start my new job & my living expenses will be under $700/month. What kind of goals should I be setting for myself? 401k max out? Down payment for a house? Invest in the stock market?

Anonymous 2017-03-20 08:20:27 Post No.1877818
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Anonymous 2017-03-20 08:20:27 Post No.1877818 [Report]

>>1877807
Become a hot dog chef and travel the world

Anonymous 2017-03-20 08:21:32 Post No.1877819
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Anonymous 2017-03-20 08:21:32 Post No.1877819 [Report]

>>1877818
That's defiantly an option

Anonymous 2017-03-20 08:58:27 Post No.1877878
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Anonymous 2017-03-20 08:58:27 Post No.1877878 [Report]

Before you can do anything else, you should buy a fucking house. Pissing money away on rent in possibly one of the most retarded things you can do.

Look into first time homebuyer credits and understand how much you can deduct on your taxes. Also is your 401k a hard percentage of your income match, or is it fractional dollar matching?

Anonymous 2017-03-20 05:42:49 Post No.1879268
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Anonymous 2017-03-20 05:42:49 Post No.1879268 [Report]

>>1877878
I've heard of these first time buyer programs. What would you suggest for a down ?

Anonymous 2017-03-20 05:47:53 Post No.1879292
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Anonymous 2017-03-20 05:47:53 Post No.1879292 [Report]

>>1877819
>Defiantly

Anonymous 2017-03-20 05:50:53 Post No.1879312
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Anonymous 2017-03-20 05:50:53 Post No.1879312 [Report]

>>1879268
I would suggest you leave yourself with an emergency fund that is acceptable for your life. 20% is optimal since it avoids the need to pay property mortgage insurance. If you can't afford that, then do what you can while maintaining the aforementioned emergency fund. They start at as low as 3% down. Asking for the seller to pay part of closing cost is allowed for up to 3% of the purchase price too, if you're tight on liquidity.

Also make sure your prospective property meets the first time home buyer credit.

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/