Hello all, 22 year old here that is currently working anywhere from 45-60hrs every week in the defense industry (not my passion) the reasoning behind this post is I want to gain more knowledge and guidance from you all about investing my income and earning passive income (make my money work for me). I currently gross 55-65k a year depending on how much overtime I work. I have 50k saved back in a high yield savings account. 8k in my Roth IRA and 7k in my company’s 401k so 15k in retirement accounts. My company matches dollar for dollar up to 6% which I take advantage of! I currently have no debt, although I will in the next few months as I am borrowing 275k to build a house on my 5 acres of payed off land that was Gifted to me, estimate value of the land is 110k-120k. The reason for me building the house is I am getting married in less than 3 months and we are wanting a place of our own to raise a family. That is another big reason on why I’m reaching out to you all on this page on the next steps y’all suggest I take on investing and becoming financially free. My soon to be 20year old wife that works in the marketing sector and also as a real estate agent has an income of that averages 80k a year depending on how the real estate market is. She will be coming into the marriage with a net worth of 60k in a high yield savings and also around 5k in her company’s 401k. She has no other retirement or investing accounts!! Which I want to change. She does have a car loan of 27k. So to summarize our net worth combined is 240k with current debt being 27k (car loan) and soon to be borrowing 275k for mortgage. To get to my point, what should we be investing in right now to become financially free in the future and making our money work for us? As we have little to no knowledge about stocks and crypto, really just no knowledge about making our money work for us. Any help would be great! Thanks for reading. via /r/Fire https://ift.tt/krDvAlK
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