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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Apr 24, 2014 7:32 pm




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 Post subject: New Member - Intro and advice :)
PostPosted: Fri Feb 28, 2014 3:03 pm 

Joined: Fri Feb 28, 2014 2:49 pm
Posts: 6
I am fairly young, 30, and I have just reached the 6 figure income mark. This is new for me, and I want to put my money in the right placed - where it will grow! I have no credit card debt at all, I have a house that I rent out (rental income is minimal), I have an emergency fund which has $4500 in it, I have $4500 money stocked away in a diversified portfolio (betterment.com) which I contribute 500 a month towards, I also contribute to my retirement fund though my job and I have my own IRA (but I put only 25 dollars a month in) - almost pointless to have that but I am planning to increase that. I have 13k of student loan debt from Sallie Mae and 29k student loan debt from HESC.

I am just now at a place where I can continue to grow my worth, investments, etc. My question is what should I tackle first or in what order? Student loan debt, funding my portfolio, then retirement accounts? Build up my emergency fund, travel and then worry about student loan debt last.

I do have a Nissan 350z with a car loan but I am selling that tomorrow, so I will even be car loan free! I now drive a used Infiniti with no car loan. :))

Suggestions?


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 Post subject: Re: New Member - Intro and advice :)
PostPosted: Sat Mar 01, 2014 1:16 pm 

Joined: Fri May 04, 2007 8:14 pm
Posts: 1573
Welcome to the forums.

You'll probably get a lot more responses if you ask your questions in the Personal Finance forum. Most of us veterans frequent that place in order to render assistance.


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 Post subject: Re: New Member - Intro and advice :)
PostPosted: Sat Mar 01, 2014 11:49 pm 
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Joined: Wed Sep 23, 2009 9:01 am
Posts: 5217
I agree with Vintek. But geez, why sell teh Z???


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