Is $60k invested good at 19?
I turn 20 in 3 months and have about $60k invested mostly in VOO & a couple other funds, i managed to save this much from living with my mom and working at amazon, I made $40k last year off the job. At this rate is it even worth it to go back to school? Because i seen average bachelor grads make like $50k-60k a year and eventually ill have so much in the stock market I will be out earning that and paying less on taxes.
- StooLv 71 month ago
When you start paying your own bills, you'll find that $50k a year doesn't get you all that far. And $50K in the market doesn't pay the bills - you have to liquidate it to pay rent and car payments and food and utility bills and whatever else. You can sell all that and live a comfortable middle class life for a year. That's it. So you have to prepare for a future 40-50 years of earning. And working at Amazon gets you to 40k at best a year forever.
- Anonymous1 month ago
Its about $59,800 more than I had at that age.
- AnonymousLv 71 month ago
Amazon has a reputation as a high turnover employer if you go ask a bunch of people who have worked in their fulfillment centres The stock market doesn't provide a steady source of income unless you have a huge pile of cash in dividend paying stocks.