r/financial

Hi I am a 21F Medical student and Idk much about finance investments etc I do really want to learn and understand these things as quickly as I can

I feel like with my field,it'll be even more difficult to, you know, understand these things because it's not included at all in my field. So I was hoping if somebody could recommend a video or any podcast or anything that'll help me set a basis for understanding finance stuff, because I literally don't know much and that makes me feel wildly stupid actually, I mean I do understand very basic stuff like what's a stock, bond, Mutual funds, FD etc but I would like to start from the basics to the high level stuff, you know, I don't want the high-end videos that literally just get right into it because I don't understand a lot of terms as well so yeah I'd love to get into this

Please give suggestions

Thenkss

I won't get to into the details as they are irrelevant but It has not yet been paid out to me yet but depending on certain facts that'll i will keep to myself i will be receiving 30-45k.

I have no debt, currently own a house and some decent land that I have inherited and a shitty car that I am constantly fixing up.

I want to play things smart and unfortunately I know myself well enough that if I dont plan ahead I'll likely squander it all on stupid shit.

I would assume the most obvious answer is to put X into a Roth IRA and X into the stock market like QQQ or VOO. These are vague thoughts and id like something a bit more concrete. I will say it is my goal to move out of my current situation and back home to LA where cost of living is admittedly far more expensive but home is where the heart is.

Any advice is appreciated!

Hello all,

Was looking for some financial advice regarding my current situation. I currently live at home but will be moving for grad school potentially around next August. The program is 2.5 years and will likely cost me about 150k when it’s all said and done, and will yield a return of ~150k/year in my area.

I’m making this post because this last year I maxed out my roth IRA for the first time, I have no current debt, and project that I will have around 50k dollars saved up before starting grad school. Should I use this money to continue maxing out my roth IRA, or should I use it to lower the amount of loans I’ll need to take out. My current strategy is to try to pay off the loans as fast as possible post grad.

I’m 20 years old, finance major, and I’ve been working through some certifications the last few months (Bloomberg Market Concepts, and FMVA next) while I figure out what I actually want to do with a channel before I commit to it.

The idea is basically teaching the “how” of investing and money decisions instead of the “what.” So not “buy this stock” content, more like: what actually makes a savings account or checking account good or bad, what the different investment account types (Roth IRA, brokerage, etc) are actually for and why you’d use one over another, the real differences between ETFs and individual stocks and why people choose one, and how to actually spot when a pitch, an ad, or an “opportunity” is using pressure or misleading framing to get you to act instead of think.

That last part is the piece I think is genuinely different. Most finance content either gives you a checklist of red flags or just explains products. I want to break down the actual mechanics of how you get talked into a bad decision in the first place, the specific techniques, the framing, the incentive structure behind it, so people can recognize it happening in real time instead of just memorizing a list.

I know finance content is a crowded space, so I want honest feedback before I sink months into this. Does this sound like something people would actually watch, or does it blend into everything else that’s already out there? And if you’ve watched finance YouTube for a while, what’s the thing that made you actually stick with a channel instead of scrolling past it?

I think having the taxes and insurance drawn from my account automatically, may be a benefit if I get to the stage where my memory is not as well.

I’ve been wondering about this lately. When you come across a financial company you’ve never heard of, what makes you trust it?

For me, seeing real reviews, transparent information, and some kind of third-party recognition helps.

But what about you? What’s the first thing you look for before taking a financial company seriously?

I recently started thinking about how easily your first few paychecks disappear when you’re finally earning your own money😭

I’m trying to be a little smarter about mine instead of just spending whatever is left at the end of the month.

For people who’ve been earning for a while:

What’s one thing you started doing early that you’re really glad you did?

Investing? Saving for something? Learning a skill? Spending on experiences?

And what’s one thing you wish you had done sooner?

I’m genuinely looking for ideas I can actually use!!!!

I’m at least 5k in debt — screwed from gambling like an idiot. I went from being booked and busy as a freelance video/photographer working with high profile musicians to being back in my hometown working at a camera store. My lady’s on pace to become a well worker within her profession and I’m just trying to switch my life around and stop making idiotic mistakes.. I also have zero dollars to my name at this current moment.

I have zero university history since I’ve poured in all of my time into my passion straight out of high school up until this point — I know I’m kind of cooked but like what the heck should I do?

What would you do if you were trying to turn your life around in my shoes? Mentally I have hope but at the same time I feel like crap.

I’m open to all serious takes, I appreciate anyone willing to lend some advice.

I want to change my life around, the work doesn’t have to be overnight but I want to do this.

My partner and I are both 30. Between us, we own five homes:
• Three are fully paid off.
• We bought two additional properties, one when I was 26 and one when I was 29.
• The rental income from those two properties currently covers their mortgage payments.

Our combined annual income is approximately €90,000. We are grateful to be in this position, but we want to make thoughtful decisions going forward rather than simply accumulating more property without a plan.

We would like to invest our remaining income wisely and build long-term financial security. We are open to ideas beyond real estate, such as diversified index funds/ETFs, pensions, bonds, or other relatively passive investments.

What would you recommend we focus on next? In particular:
• How much should we keep in cash for emergencies, repairs, vacancies, and unexpected property costs?
• Should we prioritize paying down the mortgages early, or invest excess cash elsewhere?
• How can we diversify so that we are not overly dependent on real estate?

I opened traditional and ROTH IRA accounts right after college, but also had a 401k at the job I got shortly thereafter.

It’s been 20 years now, and a lot has changed - namely that my wife and I both have jobs with pension plans.

Those IRAs I opened 20 years ago have not had any contributions made for the last 10 years or so, because I have been on a pension track for the last 13 years.

I am tempted to eat the 10% penalty and trust that my pension (plus my wife’s pension) will be adequate to retire comfortably, but I honestly don’t know how much we will need to live comfortably in retirement…

I know the conservative move is to wait, but is it always foolish to just leave that money sitting when it could be helpful now?

We all hear good advice.

"Start investing early."

"Build an emergency fund."

"Read the policy document."

What's the advice you ignored... and later realized everyone was right?

I have the following debt:  Student loan 14k 5%, personal loan 23.5k 8%, credit cards 11k between 3 cards 11-25%, loc 7k 10%

Current income is $2600/m, hoping to start new job around October to November paying 4500/m  

Monthly expenses: gas/insurance 700, personal loan 400, pet 80, gym 60, subscriptions 40, work parking 60,    Utilities 130, Minimum credit cards 250, loc minimum 230, leisure 500. Total 1950-2450 

I’m running on pretty tight margins with no savings currently and by the start of next year I’ll have to add rent and my student loan payment which is roughly another 650 at least (could possibly defer student loan of 150 another 6 months)

Issue with selling my car is if I start the new job around October to November I would need to purchase another car as it’s likely gonna be far away. So that would require another car loan even for something cheaper as I don’t think I’d have enough savings to buy anything even cheaply in cash then. 

Is this a realistic option or should I just try to ruff it out until November when I have more income and try to widdle down the credit cards and stuff? 

If you received $3000 as a 20 something year old that you don’t immediately need for bills or debt, what would would do with it?

How much if any would you allocate to mutual/index funds (which ones)? Individual stocks? HYSA? Roth IRA? Education/business research? Spending on something fun? Other categories?

Born on the wrong side of the tracks but I worked my way through college and scrimped and saved and have made it to the middle class. I own a couple of homes; I live in one and rent out the others. I have a healthy Roth account. So I'm fine after years of VERY hard work and sacrificing.

But honestly, with the national debt growing evermore and our government veering all over the place these days, I'm getting concerned about my financial future, especially since I am retired and if anything goes wrong, I don't have time to recover.

Are there ways that I could secure some of my retirement savings overseas? I definitely don't want to do anything illegal and I'm not trying to dodge taxes, but I want to ensure that if this country goes down in flames, when I'm elderly and I'm not able to work, I don't lose all of the money that I've saved. Any advice for me as to where I could put my money, and how?

Edit: I think I should have been clearer in my question. How can I invest where my assets can't be touched? Like, I know that Vanguard, for example, has international funds, but Vanguard is an American company. I want a platform that the government can't touch if the country goes down in flames. I don't need help in knowing the type of investments I should make...gold, bonds, equities, health sector, AI, etc. I'm thinking safety from the government taking my assets, like Swiss bank account or an offshore investment house. Not to dodge taxes, but to ensure that I don't lose everything like when the Soviets stole farmers' land and peoples' homes, bank accounts, etc.

Ok so I have around 30,000 which I know isn't alot but I just want to know how I should move forward and what apps to use to start investing and how to start. My plan was to max out Roth which I think is 8000 for the year put 10,000 for emergency savings and then invest weekly. I was thinking I invest 50 dollars a week. I know it sounds like im all over the place and that's because I am.i just dont want to blow this money and want to become more financially literate amd stable any suggestions or advice would be greatly appreciated

Hi i dont know if this is the right subreddit for this but you guys must be the pros.

Together my parents make roughly 8k a month before taxes.

I(17f) just found out my mom blew 600$ on her hobby while screaming at me how we cant afford grocerys.

School starts again soon so i will be looking for a part time job. My general plan is to just save every single penny and in a year be able to buy a car and get my drivers license.

But is that a good plan? Only getting really the necessities and saving everything else until i graduate and can get out of here. Id love your guys advice.

Sorry for any bad English its not my first language!

I, 18M, am an out-of-state freshman starting college in NYC at the end of this month. The debit card I currently have is from DCU, but I am switching to the Capital One 360 debit card because I opened a Capital One 360 checking account today. I am switching from DCU to Capital One due to threats of financial abuse (threatening to take every last penny that I earned myself) from my father. He has joint ownership over my account, as I applied for a checking account when I got my first job at 16, and he needed to be the joint holder so I could get the account. He cannot be removed as a joint holder unless he himself signs off, which I doubt that he will. For my credit card, I applied for and received the Discover Student IT credit card, with a $500 line of credit. And for my savings, I opted for the E*TRADE high-yield savings account, with a 4.0% APY for the first 6 months, and then 3.5% APY after. My goal is to hard save so that post-graduation in 4 years, I can get an NYC apartment (I have family here, so I could move in with them in the meantime), manage paying off crazy student loans, and live comfortably. Any advice/tips anyone can provide me would be greatly appreciated :)