I will start making exactly $100k from mid-march on. That's $3k bi-weekly after taxes.
I have a student visa, so I've lost a lot of money throughout periods where I couldn't legally work, paying college, etc.
So, this is what I currently have:
$35K in a 4.5% APY savings account
$5k in Acorns (large, medium, small, and international companies ETFs)
$2k for emergencies.
With the new salary, I will now be able to save around $2.5k on months I make an effort, and at least $2k on months I relax a bit.
I don't see myself being able to buy a house any time soon with the market we got at the moment. Am I wrong for thinking that?
How can I invest my money better?
Since I have a student visa and don't know my future here, I don't do 401K. Should I?
How stupid would it be to upgrage to a new car since I don't think I can buy a house now? (I like cars)
Any suggestions on how to grow my money better than just saving it?
Thanks!
original posted by NotAMattress to r/personalfinance on Tue, 27 Feb 2024 23:47:44 GMT.