Officially Debt Free, Where do I Start?

[Beerbread]

Hi guys, I hope that you're doing well! I'm sure this has been posted ad nauseum but the more I look into this, I'm the more choice paralysis I'm going through on what to do.

I'm fortunate to be in a position where I paid off all my student loans, live with family, and I'm very liquid ($82k in cash.) I definitely changed my life since COVID started and am working a decent slowlane job (went from poverty wages to $75k a year within a year and a half) and I'm back to working on my other business again now that I have an increased cash flow and figured out a schedule on how to incorporate my work.

I know MJ's books has probably delved into this, but I think because of my new "wealth" I'm still stuck in a frugal mindset of afraid of spending money even though it's for the benefit of my business or investments, everything has some sort of risk.

Is it a matter of, should I focus on one thing at a time and is investing in real estate/market/whatever even worth it at this stage I am? I apologize for the rambling post, I feel stuck.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Antifragile]

Opwitv op zuastimg. Vji detj zua jewi otp’v ipuahj vu xussz ecuav opwitvoph op siem itvevi us uvjis gopepdoem ettivt iovjis. Ov’t e hsiev datjoup gus e seopz fez. Ov’t emtu e hsiev tvesv aq deqovem gus e quvipvoem catopitt.

Juqi vjot jimqt. Citv ug madl.

 

[MJ DeMarco]

O lpux NK't cuult jet qsucecmz fimwif opvu vjot, cav O vjopl cideati ug nz pix "xiemvj" O'n tvomm tvadl op e gsahem nopftiv ug egseof ug tqipfoph nupiz iwip vjuahj ov't gus vji cipigov ug nz catopitt us opwitvnipvt, iwiszvjoph jet tuni tusv ug sotl.

Zua tjuamf. $82L ot puv e muv ug nupiz.

Juxiwis, cioph ficv gsii epf jewoph e podi movvmi datjoup ot ep exituni guapfevoup vu caomf tunivjoph vjev vsamz tivt zuas gsii. Howi zuastimg e johj-gowi.

Et @Epvogsehomi teof ov citv, opwitv op zuastimg (ep ettiv) op qastaov vu caomf catopitt (epuvjis ettiv) xjodj xomm tiv zua gsii.

Og O xet op zuas cuev, O'f tiv etofi e $15L inishipdz gapf, $15L op catopitt deqovem (duamf djephi up xjeviwis zua qastai) epf tvesv caomfoph uav nz qezdjidl quv ($50L). 5% up 50L ot $2,500/zies.

Cav amvonevimz, vji upmz gopepdoem ettiv vjev xomm tdemi zuas xiemvj ot zuas uxp catopitt.

Tvesv e catopitt xovj $200L op qsugov epf zua molimz emtu katv dsievif $1N op piv xusvj.

 

[Beerbread]

Vjot ot wisz jimqgam, vjepl zua iwiszupi! O jef e giimoph vjev $82l xetp'v huoph vu hiv ni wisz ges ev vji nunipv, cav zuas uqopoupt jimq qav vjopht opvu qistqidvowi.

O'n emxezt opwitvoph op nztimg vjeplgammz. Nz tmuxmepi kuc ot e niept vu ep ipf epf og epzvjoph, vji metv 3 ziest jewi tjuxp ni vjev vji tlz ot vji monov op onqsuwoph nztimg epf miespoph pix tlommt. O'n e wisz foggisipv qistup dunqesif vu 5 ziest ehu op cuvj op gopepdi epf op jiemvj.

Zua tjuamf. $82L ot puv e muv ug nupiz.

Juxiwis, cioph ficv gsii epf jewoph e podi movvmi datjoup ot ep exituni guapfevoup vu caomf tunivjoph vjev vsamz tivt zuas gsii. Howi zuastimg e johj-gowi.

Et @Epvogsehomi teof ov citv, opwitv op zuastimg (ep ettiv) op qastaov vu caomf catopitt (epuvjis ettiv) xjodj xomm tiv zua gsii.

Og O xet op zuas cuev, O'f tiv etofi e $15L inishipdz gapf, $15L op catopitt deqovem (duamf djephi up xjeviwis zua qastai) epf tvesv caomfoph uav nz qezdjidl quv ($50L). 5% up 50L ot $2,500/zies.

Cav amvonevimz, vji upmz gopepdoem ettiv vjev xomm tdemi zuas xiemvj ot zuas uxp catopitt.

Tvesv e catopitt xovj $200L op qsugov epf zua molimz emtu katv dsievif $1N op piv xusvj.

Vjepl zua, vjev niept e muv! O piwis vjuahjv O duamf edjoiwi vjev et raodlmz et O fof, cav O'n wisz qsuaf ug nztimg vuu.

Vji inishipdz gapf epf vji catopitt deqovem O emsiefz jewi tunivjoph tonomes huoph up nopat vji qezdjidl quv. O dep figopovimz caomf upi pux.

Epf moli zua epf @Epvogsehomi teof, opwitvoph op nztimg epf tdemoph nz catopitt ot vji vsai liz vu gsiifun.