Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution for your 401 K. Once you have ended your debt your options will open up immediately to save and invest more aggressively for other endeavors.

Cut out the Hulu, HBO max, Spotify temporarily.

Just stay with the 30 year fixed rate loan. It will be less stressful in the long run.

Variable rate loans are not good in this economic climate. Just pay it off so you can have more cash for your monthly budget. Depending on what state you live in, you'll need it for increasing food and energy costs.

Just use your MMA and savings account to pay off your LIC. Any revolving LOC is crazy to keep in this high inflationary economy. Once you have ended your debt your options will open up immediately to save and invest more aggressively for other endeavors like your retirement accounts.

Just pay it off asap. Once you have ended your debt your options will open up immediately to save and invest more aggressively for other endeavors. A mortgage is the only debt you should ever have to carry. Every other consumer debt is dead weight.

Don't get a loan to pay off your cards. Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution for your 401 K. Once you have ended your debt your options will open up immediately to save and invest more aggressively for a down payment. This will allow you to obtain a favorable mortgage rate from your lender in the future and frees up more cash for your monthly budget.

Have him open up and max out a Roth IRA asap. There are no RMDs in a Roth IRA. Invest in covered call ETFs like XYLD and REITs like O for its monthly dividends and reinvest them while he can still work. Later he can roll over his 401 K into his trad IRA. Then he can slowly convert his trad IRA into the Roth IRA.

To be conservative your monthly mortgage payment should not exceed 30 percent of your take home pay. The rule of thumb is actually based on your gross income but by being conservative you have more wiggle room to account for homeowners insurance, possible HOA, regular maintenance, utilities, property taxes, etc. It's not just about the mortgage for home ownership.

Don't sell VOO. Just keep DCA during this bear market. Take advantage of its discounted price. Time in the market beats timing the market.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution. Once you have ended your debt your options will open up immediately to save and invest more aggressively.

Go with the Vanguard 500 Index Admiral fund since tracks the SP500. Just set it and forget it even during market corrections until you retire.

There is a book you can borrow from your local library. The Little Book of Common Sense Investing by John Bogle. This book was written for beginner investors emphasizing investing in broad market exchange traded funds (ETFs) like VTI or VOO for their simplicity. Just set it and forget it. Broad market ETFs for the win. VOO is basically the ETF version of the Vanguard 500 Index Admiral fund.

Expense ratios indicate what you are paying your fund manager to maintain your investments annually. The lower the expense ration the better.

I favor ETFs like VTI over mutual funds. ETFs allow me to transfer between brokerages seemlessly if I need to without a fee. Don't invest in both VTI and VOO. Choose one or the other. They both have many overlapping companies and virtually have the same return. VTI already covers the SP500 companies in VOO.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution. Once you have ended your debt your options will open up immediately to save and invest more aggressively.

👍👍👍👍👍👍Before you apply for your master's, get into the workforce first. During the interview process, ask your future employer if they can fund your education. Some companies have programs that will pay for your graduate education while still being employed. Or better yet ask during your internship.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Once you have ended your debt your options will open up immediately to save and invest more aggressively. Eliminating debt will allow you to obtain favorable loans from your lender in the future and frees up more cash for your monthly budget.

Go to school, don't worry about your trust fund and pretend it doesn't exist. If you can find employment (internship) especially during the summer break, choose something that suits your degree and education. This will allow you to earn a small salary and network while building bridges to transition to the workforce.

If you're currently employed, open up a Roth IRA. There is a book you can borrow from your local library. The Little Book of Common Sense Investing by John Bogle. This book was written for beginner investors emphasizing investing in broad market ETFs like VTI or VOO for their simplicity. Just set it and forget it even during market corrections until you retire. Broad market ETFs for the win.

Just keep investing in your SP500 index funds. Just set it and forget it even during market corrections until you retire. Just continue to DCA,, keep it simple and stress free. No need to involve an advisor for that. Consult one just before you retire.

To be conservative, your monthly rent payment should not exceed 30 percent of your take home pay. The rule of thumb is actually based on your gross income but by being conservative you have more wiggle room to account for renter's insurance, regular maintenance, utilities, etc. It's not just about the rent.

Congrats on starting off in the trades. I was an apprentice once.

Thank you for your service, from a Navy vet. IF you are comfortable with your monthly budget, this is the best time to max out both your Roth TSP and Roth IRA. Take advantage of this bear market since you're buying discounted shares. Your Roth earnings will appreciate tax free as the the market recovers. When the economy recovers back to its all time highs you can opt to return to the traditional Tsp.

Just stay put for now. You won't be getting a better mortgage rate than the one you already have. Save your money and increase your down payment and keep paying down any debt you have. This will allow you to obtain a favorable mortgage rate from your lender in the future and frees up more cash for your monthly budget.

Bankruptcy should be your very last resort. Switch to the Snowball method for a change. You never know. Sometimes the Avalanche method can be grinding in that you don't see immediate results. Some people like the easy wins the Snowball method brings.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Pause all investments including IRAs. Just invest enough of your salary to receive your company's matching contribution. Once you have ended your debt your options will open up immediately to save and invest more aggressively.

Invest in your company's 401K especially if it has a matching contribution. That's free money you can't pass up. Invest in a fund that tracks the SP500. Just set it and forget it even during market corrections until you retire.

Then try using either the Avalanche or the Snowball method to bring down your student debt asap. There are YouTube videos that have extensive information on these two methods. Prep your own meals and refrain from going out to eat. Once you have ended your debt your options will open up immediately to save and invest more aggressively.

Try using either the Avalanche or the Snowball method to bring down your debt. There are YouTube videos that have extensive information on these two methods. Don't take out a home equity loan.