I'm 19: How do I stand?
I'm 19 and work full-time while going to college.
Here's where I'm at:
- Income: $23/hour (about $48,000/year before overtime)
- Savings: $12,000
- 401(k) through employer: $5,000
- Roth IRA: $650 (started 3 months ago, contributing $200/month)
- Individual stocks: $1,500 (started with $1,000 the day I turned 18. This is just my "fun money" to learn about investing. But hey, 50% return.)
- Credit score: 720 (was around 780 before applying for the Amex Gold, but my credit history is still very thin. I started with DiscoverIt Student Card)
- Debt: $0
- Going to college debt-free
I come from what I would consider financially illiterate parents, so I've kind of had to carve my own path. I'm also the oldest child, so I don't really have anyone in my family to compare myself to or ask for guidance.
I know this might sound like I'm looking for validation, and honestly, I probably am a little. But I'm also genuinely wondering:
- Am I doing too much at 19?
- Is there anything I'm overlooking?
- If you were in my position, what would you prioritize over the next 5-10 years?
- Is there anything else I should be doing now to set myself up for the future?
I'd appreciate any advice or constructive criticism. Throw it at me.