I opened a store November of last year and a few months ago I've managed to keep a steady $10k in my business account after paying myself, paying taxes, paying necessary expenses, etc etc.
I have about $7500 saved up in savings right now and I contribute $200-300 weekly to it. Currently I have around $1000 in my checking account. I usually pay myself $600/week and I would like to pay myself more but I don't want to ruin my store because I'm greedy. I pay $400/month towards my student loans, which are down from $12000 to $7800 right now.
My living expenses are under $300/month between rent and the light bills because I currently own the place I live in (a mobile home) but I don't own the land it's sitting on. My trailer has been doing good for me. I bought it when I was 19, so I've had it for almost 4 years now, I just want something better.
Some of the major goals I want to achieve in my life include owning land and owning my own home. I want to buy a home right now but I'm afraid that I'll be putting all of my eggs into one basket and I will fail miserably. I want to buy some land right now as well but I'm not sure how to go about it and I'm not sure what to do with the land once I have it.
I keep reading about Roth IRA's and saving for retirement and investing in the stock market but I have no idea what to do. I'm afraid, so I just leave my money sitting in the bank.
I'm not entirely sure what my question is either. I guess it would be: What's the best course of action for someone in my situation?
I need some advice guys. I need some motivation. I need some resources to get me on the right track. I don't want to jump into anything too quickly, but I also don't want to pass up any opportunities that may arise while I'm young.
Any advice at all would be much appreciated. If I didn't make anything clear above, please let me know and I'll gladly try to clarify it.