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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: ajonesin on March 02, 2015, 04:23:55 PM

Title: Searching for financial advice
Post by: ajonesin on March 02, 2015, 04:23:55 PM
Hello, everyone!

I am in need of some financial advice.  I am currently 21, living with my parents, and working full time (at $13.25 an hour) while I finish up my Bachelor's degree.  My net worth is just about 41,000, but I feel like there's more I could be doing to increase it faster.  Nearly all of my money is invested in my employer's stock, with a smaller portion invested into two vanguard mutual funds.  Within the next few years I'd like to buy a house, but am not sure when the best time would be. Any advice would be appreciated, trying to retire by 35!
Title: Re: Searching for financial advice
Post by: MLKnits on March 02, 2015, 04:25:37 PM
What possible advice could any of us have for you? You're obviously doing literally everything right. Keep it up.

EDIT: all right, all right, fine: try to get a raise. There's your advice. Keep doing everything ELSE right.
Title: Re: Searching for financial advice
Post by: Cwadda on March 02, 2015, 04:26:55 PM
Hi ajonesin,

If you provide more details, people might be of more assistance.

http://forum.mrmoneymustache.com/ask-a-mustachian/how-to-write-a-'case-study'-topic/
Title: Re: Searching for financial advice
Post by: abhe8 on March 02, 2015, 04:27:53 PM
Well, you will need money, savings for a down payment, so maybe some liquid asset v would be good. How about your expenses? Any room to make some cuts?
Title: Re: Searching for financial advice
Post by: coffeehound on March 02, 2015, 04:33:38 PM
Stop investing in your employer's stock, and put the money into VTSAX instead.  Take advantage of your employer's 401(k), if you're eligible.

Start a 'down payment' fund.

Title: Re: Searching for financial advice
Post by: mandy_2002 on March 02, 2015, 04:36:34 PM
My only advice from the given information is this:  If Enron taught us only one thing, it was to never EVER invest your earnings from a company in that same company.  They already provide you with money, if they go under do you want both your income and your 'stache to disappear? 

I currently get discounted stock from my employer.  As soon as that stock hits my account, I sell it spread it into my Vanguard funds.