/biz/ - Business & Finance

>>26241146
Yes, but I always make sure to give it to the right causes. All the philanthropists like Andrew Carnegie, John D. Rockefeller, Warren Buffet, Bill Gates all mentioned that finding out how to donate the money to charitable causes was the most difficult thing to do in their life, even moreso than their careers.

>>26191037
The Case-Shiller Index is no longer accurate since it's no longer pegged to anything relevant with respect to inflation. If anything, we're headed straight into deflation despite all the gov't stimulus which will make any debt (especially mortgages) radioactive.

>>26031266
No, here are the best tenants to rent out to based on a survey:
1. Japanese
2. Koreans
3. Whites

Worst:
1. Blacks
2. Hispanics
3. Chinese

I was surprised by Chinese as being on the no-list, and this was coming from a Chinese as well, but they explained that Chinese don't care and they only care about money, etc. Do what you will with this info.

I am 25 years old and managed to save up $80,000 in 2020. I live in the Bay Area, California and make about $60k/yr after taxes. I wanted to move out of my parents house, because I feel like I've lived here for so long and need something new in my life and want to take on more responsibilities.

I see that interest rates are really low right now on loans, and I can also use a VA loan for my down payment for a condo somewhere.

I also have seen a YouTube video about how my first property should be a rental investment property and not my own home if I want to be financially successful. How true is this? Should I just keep saving money, make a down payment on a condominium, then rent it out before I save more money and buy another one as my own home?

I am single so I am financially independent, and a lot of income that I make is from the stock market. I know I am young, but I really want to leave my parents house, I can at most wait another year but I really want to start my own independent life, but at the same time I don't want to be living paycheck to paycheck-- I want some type of investment plan that will help me be financially successful.

Also is now a good time to purchase property ? Or will prices of housing drop soon?

I am 25 years old and managed to save up $80,000 in 2020. I live in the Bay Area, California and make about $60k/yr after taxes. I wanted to move out of my parents house, because I feel like I've lived here for so long and need something new in my life and want to take on more responsibilities.

I see that interest rates are really low right now on loans, and I can also use a VA loan for my down payment for a condo somewhere.

I also have seen a YouTube video about how my first property should be a rental investment property and not my own home if I want to be financially successful. How true is this? Should I just keep saving money, make a down payment on a condominium, then rent it out before I save more money and buy another one as my own home?

I am single so I am financially independent, and a lot of income that I make is from the stock market. I know I am young, but I really want to leave my parents house, I can at most wait another year but I really want to start my own independent life, but at the same time I don't want to be living paycheck to paycheck-- I want some type of investment plan that will help me be financially successful.

Also is now a good time to purchase property ? Or will prices of housing drop soon?