Anonymous
Anonymous asked in Business & FinancePersonal Finance · 3 weeks ago

My financial portfolio as an 18 year old.. feel free to comment any thoughts, advice, tips,constructive criticism..?

Current Age: 18 Years old 

 

DEBT 

Credit card debt: $0 

Student loan debt: $0 

Aligner treatment debt: $601.17 remaining (Payments of about $75 a month with no interest..8 months left) 

TOTAL DEBT: $601.17  

 

ASSETS 

360 Roth IRA Savings Account Balance: $500 

 

360 Savings Account Balance: $10,000 

 

360 Checkings Account Balance: $3,000 

 

MONEY Checkings Account Balance: $300 

 

Robinhood Investment Account Balance: $10,500($10.3k in Equity, $200 in Crypto)  

 

E*TRADE Roth IRA Account Balance: $0(Recently opened,may do a rollover from 360 Roth IRA) 

 

NET WORTH: $23,698.83 

 

CREDIT SCORE: 702 

 

INCOME: $2,000 a month (After taxes) 

 

MONTHLY EXPENSES: $40 phone bill, $300 miscellaneous, $200 into Roth IRA, $200 into savings, $75 Aligner treatment  

TOTAL MONTHLY EXPENSES: $815 

REMAINING MONTHLY INCOME: $1,185 

2 Answers

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  • 3 weeks ago

    I don't get you.

    I'd be so embarrassed to be earning $2000+ a month and not paying for any of my own support. 

    Note:

    Your credit score on a piece of paper may be 702.  That doesn't mean you have any credit buying power.

  • Anonymous
    3 weeks ago

    Criticism: Bragging about earning $2000 dollars at 18 isn't something u should do

    OR MAYBE THIS WHOLE PORTFOLIO THING IS FAKE AND THE TRUTH IS THAT U STILL LIVE WITH UR PARENTS AND U R JUST DREAMING OF UR POST-MOVING OUT LIFESTYLE

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