Not expecting to get rich tomorrow or retire at 35 but I am at the point where i can't just dismiss this stuff bc i "don't get stocks" lol so
Here's my situation- I'm 28, with a net worth of around $400k breaking down as: - $60k cash savings - $20k in equity from a prior employer (this will be cashed out on Jan 1 as they went private) - $50k in a 401k - pre IPO equity in current employer (not giving this any value) - $280k or so in equity on my condo worth about $700k today
As i work in sales, my annual compensation can vary anywhere from $140k in a slow year to $300k in a good year.
However I've had a hard time creating a consistent budget or investing plan due to occasional large windfalls of cash and a lowish base.
I am on a 15 yr mortgage running me about $4k a month all in, and need maybe another $100-150/day for living lol, most of my other expenses are discretionary. However somehow i live paycheck to paycheck because i'm just spending when i have.
I own no stocks once the old company equity gets bought out - i cashed out the majority of my position there to put a down payment on the house awhile back. Would like to be "in the market" in at least some sense.
What would you recommend here to get on track?
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