Author Topic: Debt-free, but where to start?  (Read 2409 times)

Agent88

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Debt-free, but where to start?
« on: June 20, 2013, 11:57:28 AM »
Hey all,

I'm a 25-year-old college graduate with no student debt, a fully paid off car, live in a cheap house and have a full-time job -- a testament to the mustachian environment in which I was raised.

In have savings built up, but after moving across the country twice for the job the account isn't as girthy as I'd like. My job pays a hair less than $30,000, so putting away enough to buy into a Vanguard fund (minimum investment of $3,000 when I checked) is taking a while. I have a second job lined up to pad the old finances, but it'll still take a bit to bump the savings over that minimum line. I do have a 401k through my job, which is nice. But all this talk of compounding investments and dividends is quite alluring.

Does anyone have advice on a badass way to ramp up my dogged pursuit of financial freedom?

Thanks!

Another Reader

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Re: Debt-free, but where to start?
« Reply #1 on: June 20, 2013, 12:36:37 PM »
Open a brokerage account at Vanguard and buy the ETF version of the mutual fund.   The ETF fees are generally the same as the fees for the Admiral shares of the funds.  Purchasing a Vanguard ETF through Vanguard is commission-free.  You can buy as many shares as you want.

mgreczyn

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Re: Debt-free, but where to start?
« Reply #2 on: June 20, 2013, 02:11:52 PM »
Do what Another Reader says, and go read the Stocks series on JL Collins' blog: http://jlcollinsnh.com/
« Last Edit: June 20, 2013, 03:03:48 PM by mgreczyn »