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I have 1000 extra each month. How can I use that to make more money? Anyone have experience with similar amount? (alien.top)

submitted 1 year ago by OkRefrigerator8009@alien.top to c/entrepreneur@indiehackers.space

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New job. Don’t want to waste my money on materialistic things. Need advice on how I can use my money to make more. Thanks

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[–] Bonobo791@alien.top 1 points 1 year ago

Six months minimum of monthly expenses in a high-yield savings account with FDIC insurance. If the bank is public, check to see if their assets are liabilities are in order and if they are losing money.

After that, just put it into a 401k. If you go the investing route, expect to lost money for a long time before you get it right. By long time, I mean probably 5-10 years or more.