What to do with 2400 dollars per month for the rest of my life?

Seeking Advice/Help
1

So, I’ve got a nice chunk of change coming in each month… enough to rent a decent place in a big city. But I’m a full-time worker, so I’m wondering if I should just set aside this money for something else. Or should I be trying to make more money so I can splurge on take-out?

2

This forum has a great list of vetted opportunities for passive income. One thing to watch out for is anyone asking you to send crypto to an unknown address or test a new blockchain network. That’s not a legit way to make money.

3

I’d put it in a solid index fund and forget about it.

4

Dakota said:
I’d put it in a solid index fund and forget about it.

That’s the ticket.

5

Move to Thailand and live the dream.

6

With a solid plan, you could use that 2400 dollars to build up your long-term wealth and freedom.

7

Invest first, then retire.

8

Kim said:
Invest first, then retire.

deleted

9

Grayden said:

Kim said:
Invest first, then retire.

deleted

two thumbs up

10

Consider putting money into a dividend growth fund or an income-oriented fund for retirement.

11

@Oakes
Here’s a suggestion. I invest in SWIN, which tracks the returns of the Solactive United States Dividend Elite Champions Index. I also use a bit of cash leverage to boost my returns.

12

@Oakes
I prefer VYM over my target date fund.

13

Plan a world tour and travel the world while you still can.

14

Uma said:
Plan a world tour and travel the world while you still can.

We’re actually doing this!

15

Blair said:

Uma said:
Plan a world tour and travel the world while you still can.

We’re actually doing this!

Awesome. I want to achieve a passive income so I can do this too.

16

If I had a steady income, I’d look to invest in rental properties or small businesses. The 2400 dollars would be a solid down payment for a property, and I could use that rental income to cover taxes and repairs.

17

That 2400 dollars won’t even get you a small apartment in New York.

18

Chandler said:
That 2400 dollars won’t even get you a small apartment in New York.

Use that challenge as fuel to create multiple income streams. Don’t just survive, thrive.

19

Xan said:

Chandler said:
That 2400 dollars won’t even get you a small apartment in New York.

Use that challenge as fuel to create multiple income streams. Don’t just survive, thrive.

I’m doing well, but that’s about the poster’s 2400 dollars.

20

@Chandler
It looks like we’ve got a bot dropping comments with hit or miss context. Let’s focus on the topic at hand.