u/Joccboy1

Hey, I’m 22 and planning to file for bankruptcy soon due to debt. I’m using it as a reset and want to build better financial habits going forward.

After filing, I’ll be buying a car in cash and joining the military, so my living expenses should be pretty low. I want to take advantage of that and start investing consistently, but I’m not sure where to begin.

I’ve looked into Roth IRAs but don’t fully understand how they compare to just investing in taxable accounts or other options in terms of long-term growth.

For someone starting from scratch and relatively low risk taking, what would you recommend focusing on? Index funds, ETFs, something else? I’m open to learning, just trying to build a solid long-term plan and avoid past mistakes.