Lessons learnt about personal finance management and investing

[siva604]

Please do the following:

1. Take term insurance 

2. Start 401 K , ROTH if you are eligible

4. ROTH IRA if you are not eligible for 401K ROTH. Do backdoor roth. 

5. Invest in HSA account which is tax free growth. 

6. Put 5% of your investments into Crypto [ Stable ones like BTC and ETH. You can play ALT coins short term, but the goal should be to stack BTC and ETH]

 

[siva604]

Unfortunately no one teach us about finance until we start earning. We have to learn on our own. 

[siva604]

Channels to follow for Crypto

 

Sheldon Evans 

https://www.youtube.com/channel/UCZ3fejCy_P5xhv9QF-V6-YA

 

Altcoin daily

 

https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw

 

[Hummer]

backdoor ROTH IRA ki providers/resources emi unnai

[siva604]

 

 

[siva604]

1 minute ago, Hummer said:

backdoor ROTH IRA ki providers/resources emi unnai

Create both these accounts first:

Traditional IRA

ROTH IRA

 

Then:

Transfer $6000 into Tradition IRA from bank account

 

Then:

Once funds settle[ usually in 2 days] , transfer all $6000 into ROTH IRA. 

 

When you are filing taxes you have to fill form : FORM 8606: