posted on Jul, 7 2016 @ 12:34 AM
a reply to: onequestion
I thought you were going to start going to college while working in a metal shop? This sounds like a much different plan.
Anyways... building wealth and building a skill set doesn't really go hand in hand, you must expend wealth in order to afford knowledge. It's only
after you've reached a certain level of competence that you can get on the job training through experience and become better while building your
I'm about at the point where I'll be filling out resumes for next summers internships in a month or two. What I've done, is I've been working hard on
increasing my portfolio of personal projects and reading up on material (actually, just finished one project tonight, I start the next one tomorrow
and have until mid October to finish it). That may or may not get me a job, but it's what I can do on my end. Other than that it's just a waiting
game, and a question of if I apply to enough places.
Wealth on the other hand is something different. Due to the circumstances that I'm on disability and that I'm receiving Pell Grants, I'm not really
allowed to have any assets to build up. If I were going to do that though, being on the lower end of the income scale and don't need quick returns, I
would take the amount I have to invest and apply it in the following order
1. Remove all debt.
2. Place at least 6 months of savings into easily accessible accounts.
3. Put 33% of the remainder into a rainy day fund.
4. Put 33% into the stock market in medium risk funds that are highly diversified.
5. Put 15% into commodities.
6. Put the remaining 19% into local small business investments.