Do you have a 401k, Roth IRA, brokerage account and multople HYSA's in your country?
>>217172151Do you?
I prefer to rawdog the future
>>217172151I'd rather not think about the future
>>217172151I have never had a real job in my life
I contribute 10% into my 401k of which my employer matches 5%Ive maxed a roth IRA for the past 2 years (so $7,000 each year since ive opened up)Ive made 1 extra mortage payment directly to principle both years ive owned my homeI dont do any other investment. Im sitting on about $42,000. I should probably do something with it
No interest is haram
>>217172151Just got my first job so I'll definitely look into a HYSA. Heard precious metals are also good, I was pretty surprised to see the jump in value gold got since 2020.
>>217172151i don't know what any of those american words mean
I cashed it out and bought a spread of t-bills, crypto, metals, and specific equities. It’s definitely paid off so far.
we don't have 401k or Roth IRA herea HYSA is just an account where you get like 2-3% p.a. and can withdraw cash every day? I have thatI also have a broker where I invest in stocks/ETFs, but that isn't matched by my employer in any way and I have to spend my net income on that, I can't deduct it from the gross incomeit's well possible to build up some wealth here if you're smart about it even with an average salary, but it's not incentivized like in the USthat's a big problem imo bc it makes people more dependent on the state
>>217172151Why would I have any of that? If you want to lower your taxes, get paid in securities and bonds and take out loans against those assets. Congrats, you now pay 0% in taxes so long as you never sell those securities.
