I grew up poor, parents are still poor. I’m an american. Not sure if I should get an LLC cause I tutor college kids and drive for DoorDash to pay student loans. Also have RSUs. Should I get a tax and advisor? Can you please spell out for me exactly who I should contact and what I should say? Thanks Tc 95 4 yoe Remaining student loans 35k Car loan 7k 401k 28k RSUs 20k HYSA 12k
For the money you currently make, Ideally, don’t. Read and watch YouTube videos to teach yourself the basics. I took a personal finance class while at Berkeley from this amazing professor whose classes are public on YouTube btw (this could be a good starting point) - https://www.youtube.com/@MakingSmartFinancialDecisions/videos Focus on paying off high interest loans, then build an emergency fund, then start saving money. Try to max out your 401k match and IRA contributions, etc etc, and then start investing in index funds or etfs, never play with single stocks unless you have a high risk appetite. Obligatory disclaimer - I’m not a financial advisor, but best of luck.
Oh, and don’t buy a new car. Drive whatever you have to the ground. Replace with a reliable used Camry/acoord/corolla/civic if needed while you build wealth
If you desperately want to see a financial advisor, choose one for consultations who take a fixed one-time fee, but NEVER a percentage of your portfolio.
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