Punisher Posted September 21, 2023 Report Share Posted September 21, 2023 Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Quote Link to comment Share on other sites More sharing options...
KGFsutthi Posted September 21, 2023 Report Share Posted September 21, 2023 Just now, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? You are in 20s and already investing and why do you need more ways? Enjoy your money first while your are young 1 Quote Link to comment Share on other sites More sharing options...
Punisher Posted September 21, 2023 Author Report Share Posted September 21, 2023 I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future. Enjoying your money and increasing your income are not mutually exclusive. Quote Link to comment Share on other sites More sharing options...
Popular Post KGFsutthi Posted September 21, 2023 Popular Post Report Share Posted September 21, 2023 1 minute ago, Punisher said: I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future. Enjoying your money and increasing your income are not mutually exclusive. Aithe cheppanu brother 4 Quote Link to comment Share on other sites More sharing options...
pavone Posted September 21, 2023 Report Share Posted September 21, 2023 Cash value life insurance like IUL for a bond alternative and tax-free growth/distributions or whole life for a savings alternative. DM if you need more details. Money wise- watch shark tank for business ideas. Forget it if you are on visa. 1 Quote Link to comment Share on other sites More sharing options...
coffeeabhi Posted September 21, 2023 Report Share Posted September 21, 2023 47 minutes ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Good thinking Bro! I started working when I was 21 years old, cleared some loans in a year, and started investing when I was 22. PM me if you want any advice. Investments depend on the individual person, andhariki okate suggestion ante workout avvadhu. 1 Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted September 21, 2023 Report Share Posted September 21, 2023 1 hour ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Plenty of ideas. Since you are in your late 20's there is a lot of opportunity to grow your money with out much risk. I will drop some ideas here. You can pick and choose. In the mean while, answer some questions I understand you have less knowledge on stocks. But what is your risk appetite? How aggressive you want to be. What are your goals for future. Are you looking for your investments to grow or want some income stream monthly? How much money can you put aside monthly for investments? Quote Link to comment Share on other sites More sharing options...
Popular Post ChandrannaChippa Posted September 21, 2023 Popular Post Report Share Posted September 21, 2023 1 hour ago, Punisher said: I appreciate your reply, but I disagree with your suggestion that I should enjoy my money first while I am young. I believe that there is nothing wrong with wanting to earn more money and secure my financial future. Enjoying your money and increasing your income are not mutually exclusive. 4 Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted September 21, 2023 Report Share Posted September 21, 2023 1 hour ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Calling @Sucker for his valuable advice Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted September 21, 2023 Report Share Posted September 21, 2023 6 hours ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Buy some defensive stocks in Pharma sector which have been there for ages and give good dividend. Like GSK (around $30), PFE (buy between $30-$33), GILD (around $60). Altria (MO around $40) is in cigarette space and gives good dividend. Also add verizon (around $32). At current prices these are excellent yields (>5%). Imagine these doubling in 5-10 yrs. You will get 10-15% per yield on these. I would say invest around 20-25% of your portfolio in these type of standard companies with good div. Buy some monthly div funds with less expense ratios. I own BST, BSTZ, PDI, JEPI, JEPQ. Some of these have higher expense ratios but are giving good returns. They give 10-15% yields. I like them as i am trying to replace my income stream and retire early. Do a SIP and invest some money every month into index funds from vanguard, Schwab, etc. If property prices crash (by 50%), buy a home to live and also buy a small home for rental income. Talk to some people who have invested in other businesses and ask experience. Plenty of information online to learn financials. We have a group where we discuss ideas. Coin Landry business is good. No maintenance. You need to just collect money every day. Location is the key If real estate prices drop look at investing in a small apartment complex or strip mall along with 1-2 friends with similar mind set. Margins are good in meat business these days. Look into any opportunities there. Find a good location that has large indian population and less halal meat shops. I personally do not liker restaurant business. Too much work. You have to be always there. But a lot of desis get into this. Same with grocery store. Bar business is good. Look into fully automated Bar with taps and small bar food menu. Location is key. These are flourishing these days. 2 Quote Link to comment Share on other sites More sharing options...
Pandubabu Posted September 21, 2023 Report Share Posted September 21, 2023 6 hours ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? You are doing good , continue whatever you do . Don't go crazy on I bonds every year Quote Link to comment Share on other sites More sharing options...
Sixers Posted September 21, 2023 Report Share Posted September 21, 2023 Nenu kuda late 20s. Every month 5 MSFT stocks na target. 1 Quote Link to comment Share on other sites More sharing options...
Shameless Posted September 21, 2023 Report Share Posted September 21, 2023 7 hours ago, Punisher said: Hello @Spartan @mustang302 @Konebhar6 I’m in my late 20s and I’m looking for some advice on how to increase my income. I’m already saving and investing in various ways, such as 401k, HSA, Roth IRA, and Robinhood cash account with 4.90% APY. I also buy I-bonds every year as a hedge against inflation. However, I’m not much into trading stocks or buying cryptocurrencies. I don’t own any real estate either. What are some other options for earning more money for someone in my age group? Only Fans bro 1 Quote Link to comment Share on other sites More sharing options...
ChandrannaChippa Posted September 21, 2023 Report Share Posted September 21, 2023 6 minutes ago, Shameless said: Only Fans bro Uncle idhi kani nuvu kadhu ga Quote Link to comment Share on other sites More sharing options...
Konebhar6 Posted September 21, 2023 Report Share Posted September 21, 2023 30 minutes ago, Sixers said: Nenu kuda late 20s. Every month 5 MSFT stocks na target. Diversify and buy 2 MSFT, 1 ISRG, 2 GOOG, 1 SNOW 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.