Late start...45

Investing
#1

Hi All
I recently joined the community. I have 24K debt. 4K in savings, and recently accepted a life-changing job offer. I have intentionally educated myself on stocks, investing, etc., but I still have much to learn. I am now in a position where I can live off 45% of my income, but I have a few questions.

  1. Does this community recommend the snowball method when paying off debt? ( I am not a fan, as I think you should have more than 1k saved)
  2. Is the recommendation to start with an EFT if you’re 45? If so, how can I find the correct symbols for fidelity?
  3. Apologies if I missed this, as I only completed the free intro video. How much emergency savings does the community recommend?
#2

Hi Kimberly,
Congratulations on the job offer!!! That is amazing that you can live off of 45% of your income!!

  1. See this post! The Debt Snowball Method – Personal Finance Club
  2. We like target date index funds and you can find the ticker symbol here: Seven reasons to put 100% of your portfolio in a target date index fund – Personal Finance Club
  3. See this post about how much cash you should keep! How much cash should I hold in my checking, savings, and investment accounts? – Personal Finance Club
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#3

Thank you! These articles were extremely helpful and answered all my questions.