Hi, I just turned 18 and am seeking financial advice. Finally being 18, I have many new doors open for me when it comes to investing. An older colleague of mine recommended Bogleheads as a resource. I have a unique situation and have been fortunate enough to have made good money at a young age. To give some context on my situation, I own a few online-based businesses that generate a solid passive of $2K/daily ($60K/m). I have liquid of roughly $500K sitting in savings or CD accounts in both Chase and BOFA.
I'm seeking advice on many things, but for starters:
How should I diversify my sitting liquid of $500K?
How can I save on taxes, when last year I paid over 6 figures?
How and should I restructure my business LLC to an S-Corp?
I have many more follow-up questions and would like to build towards wealth, not fall short of it.
Thanks to anyone who takes the time, much appreciated.
I'm seeking advice on many things, but for starters:
How should I diversify my sitting liquid of $500K?
How can I save on taxes, when last year I paid over 6 figures?
How and should I restructure my business LLC to an S-Corp?
I have many more follow-up questions and would like to build towards wealth, not fall short of it.
Thanks to anyone who takes the time, much appreciated.
Statistics: Posted by Mason Uno — Fri Jun 21, 2024 8:28 pm — Replies 5 — Views 333