30k in a year.

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30k in a year. Anonymous 07/12/15 (Sun) 14:12:36 No.579

This may be small potatoes for most of you /biz/ types, but I want to raise 30k for diving school. I'm going into a 15/dollar an hour job with 40 a week. I don't have any other expenses than a 200 dollar a month Great Lakes payment.

This leaves me around 1600 a month to play with, after taxes.

What's the best way to reinvest my money in order to reach a goal of 30k in under a year to year and a half? Or at least, reach the point where I can take out loans.

Thank you for your time.

Anonymous 07/12/15 (Sun) 22:24:09 No.580

1.5 years at 1,500/month = $27,000

$3,000 short of your goal….seems like you answered your own question.

Anonymous 07/14/15 (Tue) 13:14:22 No.584

>>580

Is there a faster, more efficient way than just raw saving? Sitting on a pile of cash is nice, but I'm wondering if there is a way to make my money work for me.

Anonymous 07/14/15 (Tue) 16:07:33 No.585

>>584

you can open a vanguard account with $5k. they're a really decent hedge fund. although frankly i dunno if you'd want to trust a financial institution with your money considering how uncertain the economy is. also if you plan to spend that 30k sooner rather than later the returns you'd receive wouldn't have much of an effect.

frankly i say fuck diving school, buy some real estate and establish financial security first before pursing random dreams. job prospects everywhere are pretty dim and $15/hr is pretty good tbh. join the rat race you nigger.