Finacial advice for a 20 year old

[Zincsaurav]

I want to be in good financail conditon so any advice would be appreciated

 

[RBK]

Max your roth ira every year.

 

[jaygreenb]

I want to be in good financail conditon so any advice would be appreciated

Priority should be taking the necessary steps to increase your income, understand it will most likely take 3-5yrs to build a skill, go to school, learn a trade, get a business off the ground etc Try to save/invest 20% of your income. Do not get into a large car payment. Stay away from consumer/non productive debt. When you get a pay increase, do not upgrade your lifestyle increase your savings rate. In your 20's keep you living costs low, have roommates etc

 

[Modern Man Advice]

I want to be in good financail conditon so any advice would be appreciated

People love giving financial advice, the truth is take it with a grain of salt.

The best advice is to only listen to people with proven tangible results. The kind of results you want for yourself. Listening to anyone else is a risk to your future, it is a gamble and most likely will result in you ending up like them.

Look for a financially educated mentor and with those results. And let his/her knowledge sink in.


Modern Man Advice

 

[BackInTheGame78]

I want to be in good financail conditon so any advice would be appreciated

Buy when everyone is selling(towards the end) and sell when everyone is buying(towards the end)