Hey all-so let me prefix this by saying I don't need much to live on. I drive a beater. A lot of my happiness comes from pursuing learning/hobbies/self-interests. I have no idea where I want to live/do in my future relationships/careers/what life goals I have-but a lot of my inability to consider those things seems to stem from financial worry.
I'm pursuing FIRE not to quit my job-but to continuing working-just on my own terms. I want to be able to explore business ventures/life choices and this baseline income per year would allow for this.
An issue I have is how to allocate funds with limited/no tax-advantaged accounts available. Also if in theory, I would be able to put 80/90% of my take home aside that would set me up in 4 years or so for FI/which limits the investment accounts.
Age: 27 as of may
Current income:
2800/month take home temporary/hourly 45hours a week with mandatory unpaid 1hour lunch. May have advancement to full-time salary/better benefits and pay in 3 months with ability to work from home 1 day/week.
1000-3000/Month take home working myself ragged on a side hustle. This ebbs and flows depending on how much I neglect my personal life (lol). I can comfortably expect min. 2k/month baseline+ if I don't have another job.
My expenses:
Base living with everything (mortgage, taxes, gas, food, 100 bucks exta, transport) $1500
Mortgage: 116k 30 year 4.25% fixed refi'd last month (although 3500 is in a escrow so seeing if i can wave that-no point paying it upfront)
House is valued at 180k mrsp
My current finances:
$61,200 cash, $18,300 business inventory (sold by end of month-I don't normally float over 10k), $27,000 roth ira (vanguard 2060 3k left to go for 2019), $5400 in vtsax taxable/random stocks.
Debt:
CC $1200 (on autopay)
Student Loans $13,200* Breakdown on these are 5500/3.76% 5500/4.45% 2292/5.05%. Total is 4.27% or 4.11% if the 5.05 is paid off.
I was between paying these off once interest starts next month or paying off the 5.05 and the 4.45 to get it to a lower amount/invest it.
Father private loan: $15,000. I just refinanced and this was part of the house loan originally. Strictly between us. No apr. Would like to pay back asap.
This leaves me $55,575 liquid (possibly $58,575 if i retract the escrow).
27000 in the roth ira.
Total:$85,575 after all debts paid off.
Assuming my measly 2800 base take home which is more than adaquete for me to live off alone-supplemented by my variable 1000-3000 part time income-worst case scenario is I'm saving $2500 a month towards FIRE/2800 is near 90%. I require none of the the extra income to live, it's really just in pursuit of this.
My question is fairly simple:
1) What to invest in? Assuming I would want to pull around 12k/year while in pursuit of other businesses/jobs. I know roths/401s have issues with age limitations and taxes pulling early so am I better off just lumping it into VTSAX and International/10% bonds and hoping for the best? I am not currently offered a 401k/tax-advantaged plan through employment. I am self-employed on the side so that may be an option. Obviously, the idea that I would be using this as part of living expenses to ensure baseline stability while offering flexibility to life choices/career/etc is the idea. It's not true FIRE by any means-more like partial FI
Any insight is appreciated!