Hi everyone, on an anonymous account since I didn’t want people to know my current situation for those who know me.
To put it quick, I’m in a situation where I’m
very lucky but I’m not sure what to do, or where to learn.
I’m 25y/o making 93k a year in my job, I’ve recently released a game on steam which has done way better than expected. From the game alone, I was able to add 140k to my savings, it’s an Apple saving account with something like 3.6% interest. It gains around 340$ a month in interest. A lot of people say to invest it for better returns but that’s plenty vague. I’ve done research on index funds and what not but I get scared to put it all in and one day the market crashes and I lose it all.
The game is still making wound 8k a week and will seem to be doing so consistently for a bit if not drop slowly.
I also have an LLC, with a business checking with 30k (most I’m assuming will be for taxes and any future expenses I may have. Which would be little as I don’t have expenses.
Any ideas or help?
My original plan is long term financial dependence, and from what it seems to be the most stable is to invest in ETFS. I was thinking like 40k in my savings high yield for emergencies. 60k into voo. Also any books that help with money management / investing? I’m also receiving some good passive income from the game, and will releasing another before the end of the year.