Hey Jeremy I am followers you awhile on instagram . I like your post about ultimate investment order that you post on instagram. Number one you mentioned that 401k max out ? What did you mean by that . I am new to investing . If you elaborate more in detail it will help . Thanks advance.
1 Like
Welcome Molly!
A 401k is an employer sponsored retirement investment account. Employers might also offer 403b, 457, or TSP which are similar.
Basically, some employers as a benefit to their employees offer to MATCH CONTRIBUTIONS up to a certain amount, if the employee chooses to invest in their 401k (or other similar investment account).
For example, an employer might offer a 3% 401k match. That means if the employee contributes 3% of her salary to her 401k, the employer will match that dollar for dollar. So if you make $50K/year and have 3% 401k match, the checklist suggest the first $1,500 (3% of your salary) of investing goes into that 401k, so you can get the free $1,500 from your employer!
If you don’t have an employer sponsored retirement program, or you do and they don’t offer a match, just skip that step. 
2 Likes
My employer gave up to 5% match . If I put 6% they will put 5% . Would you recommended 3 % or what is a general rule of thumb ? i am still paying it off my credit cards loan .
Hey Molly!
I’d follow these phases of investing.
It sounds like in your situation you want to put 5% to maximize the match, then throw every additional dollar at your debt until you’re 100% debt free (except the mortgage). Then march through those phases!
1 Like
Thanks you Jeremy your info .