[USER]

I’m 30, no kids/husband, in LA (high rent), $100,000 savings, switching careers to real estate to make more money, don’t spend only on essentials but still treat myself to a coffee here and there (been this way my whole life), and have debt from school about $30,000.

What should my next step be? Thank you!

[Jon]

Debt is the root of all evil. Pay that off stat. Be prepared to invest in your new career, like anyone starting something new, the cash may take time to build. Once built, consider Roth IRA or if you are self employed as a realtor, SEP. If self employed, you’ll need healthcare, consider an HSA if an option.

[Joanne]

Definitely invest!! Having that much money in savings means that you are losing money to inflation. Assuming your students loans are at a low interest, I’d put 3-6 months of expenses aside in a HYSA and invest the rest.

Don’t miss: Does anyone have a good calculator for investments?

[Sonny]

If you’re into podcasts, start listening to The Money Guy, with Brian Preston and Bo Hansen. I wish I would’ve found their show earlier in my journey.

[Sebastian]

Read a lot, buy ETF QQQ

[Michelle]

Pay off your debt then start investing. My first investment account was a Vanguard Roth IRA. Currently I’m getting almost 12% rate of return for the year.

[Author]

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