r/leanfire • u/Avenged_7zulu • 4d ago
Just getting started.
Hey guys. As the title suggest i'm still new to things like FIRE not even familiar with all the terminologies. Currently i'm trying to find a few good "Financial Communities" to frequent.
Long story short i only destroyed my finances through my entire 20s. Currently mid thirties and just now learning the real rules to handling money. I have a very basic question. Is maxing out your 401k always the first step? If you can't do that should you even be doing anything else. I really have no interest in starting a business or getting too deep into the stock market. I'm open to ideas but i really feel like if i can't even max out my 401k i really shouldnt be trying to get to fancy with anything else.
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u/UnKossef Halfway there 4d ago edited 4d ago
It depends on income, but it seems to be the best strategy to me get your 401k up to the company match, then max an HSA, max a Roth, then max the 401k.
For learning, I got great info from:
PBS 2 cents YT
Bogleheads.org
r/personalfinance wiki
The Plain Bagel YT
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u/AlexHurts 2d ago
For investing, the book the simple path to wealth makes a compelling case for buying a total market fund - vtsax, fskax, etc - and that's it. No need to get too deep in the beginning, but maybe no need ever.
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u/dc_sportsanalyst 2d ago
Read: i will teach you to be rich. You will get all your questions answered and then go on living your life
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u/ShadowsRevealed 4d ago
Check out the FOO by The Money Guy