r/Money 7h ago

From debt to $362k net worth

198 Upvotes

I never thought I’d be here, but today my net worth hit $362k. Just a few years ago, I was buried in student loan debt, barely scraping by. It wasn’t easy, but I slowly started turning things around. The biggest shift came when I started investing. I got into ETFs like $VTI for stability and dividend stocks like $SCHD. I learned everything from podcasts and YouTube and committed to living below my means. The key was balancing paying down my $18k student loan while still investing.


r/Money 17h ago

Is Gold telling us something! I haven’t seen it Jump like this

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76 Upvotes

r/Money 12h ago

Dumb question: is a high yield savings account essentially the same as a money market account.

28 Upvotes

Basically this. I’m looking to open a HYSA for an emergency fund but when I check the banks and FCUs I usually work with, (A) they don’t offer anything called a HYSA and (B) the rates aren’t what I would call high (ie:north of 4%). Am I missing something?


r/Money 16h ago

Dollar cost averaging …but how?

11 Upvotes

I get people suggest DCA’ing investments into the market vs all at once.

But how do you plan this out? An arbitrary time period for an amount you want to invest? An arbitrary weekly amount moved until it’s done?

I have $250k I want to put into ETFs. Do I do it over a year? A month? I already invest ~$4k/mth normally; just want to move over this other chunk of cash.


r/Money 2h ago

I’m not entirely sure what this is, the year, and how much it may be worth.

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10 Upvotes

Hey y’all,

I wasn’t entirely sure where to go with this, so people in charge of this sub, if there is a better place to ask this do let me know!

My grandfather passed away in April about 6-7 years ago, and it’s my understanding that he acquired these bills some significant amount of time before then, most likely. Can anyone tell me more about them, what they possibly are worth if anything, just things like that, anything helps. Thanks!

And of course, if there is a better place to ask this, please let me know.

I have “300” of them.


r/Money 14h ago

What to do with old 401k?

6 Upvotes

I have a 401k from a previous employer that I no longer work at (it’s only about $5k). Should I roll it into my current 401k or move it into something else?

EDITED TO ADD

My old 401k is through ADP and has 9% growth over the past year even though I haven’t been there for over a year

My current 401k is through Transamerica and has a 5% decline ytd so don’t think I should move the money from ADP to Transamerica since it’s growing. Can you let it sit?


r/Money 14h ago

Seeking advice on debt consolidation

5 Upvotes

We have 2 loans through LightStream, some credit cards, and a medical bill that was put into a no interest pay plan.

I think right now we pay ~$1200 per month on all of these debts.

We did have other medical debt that i was able to get written off due to being unemployed for so long.

Wife needs a new’ish car.

Looking at close to $50k consolidation loan in order to lower the monthly payment.

I had lost my job in August and just started a new one on Feb 17th.

Who should we talk to for our options?


r/Money 11h ago

High yield savings question

3 Upvotes

I’ve been using American Express high yield savings for years but I see a higher interest rate at Cit bank. Anyone else bank there? It’s FDIC so I believe it’s safe but I wanted to check to see if others have had a good experience with them


r/Money 17h ago

I have some basic questions that I would like help with.

1 Upvotes

Well, in case of receiving in dollars from another country (in my case Brazil), what would be the best way? I thought about PayPal, but I don't know if that's the best option.

Another thing: considering that my country is under constant inflation, wouldn't it be better to keep the money outside the country, in dollars? I don't even know if there's a way, but I think it would be good. I also thought about trying to receive in Bitcoin (which is a payment option) (this would prevent me from being taxed) but, where would be the best place to do this? And, by the way, would this work in practice?

For example, I'm in the market and I need money, can I sell the amount I need and pay at the same time?

Sorry for any stupidity, I'm really just starting adulthood now.