Quote:
Originally Posted by bahbahmickey
Richard, what are you getting on your 20% dowmpayemnt money and emergency fund? Any thoughts on investing part of it or starting to invest some of it if you see your checking/savings account grow? I only ask because if you’ve already saved that much you are likely not spending what you are making even after Roth & 401k contributions.
Being in your early 20s and being able to max out both a 401k & Roth, having an emergency fund & 20% down for a house is amazing. You should be proud of what you’ve been able to save.
The interest rate you mean?
It’s extremely poor. Not even a dollar a month I don’t think.
What do you mean? Like maybe put it in short term investments or more liquid investments?
Yeah I’m fortunately able to save a decent amount from work (over 50% of my net income a month)
Thank you very much for the nice compliment too! I am very fortunate but still looking for opportunities and advice from others to maximize