In a couple months I'll graduate with a masters, and start a role as a hardware engineer at Apple. This has been something I’ve dreamed of my entire life so it feels unreal that I actually landed the job. I'll be living in San Francisco and am aiming for the cheapest rent I can get. Over the past few years I've been looking into Short Term Rentals as a method of achieving financial independence and retiring early through passive income. I've got about $300k in savings and have been considering purchasing a STR somewhere outside of the Bay. I like the idea of retiring early and reinvesting through my STR cash flow, but I haven’t even started a career that I think I could be great at and would enjoy. Even when I get to the amount of STR cash flow I'd need to be able to retire I don't know if I would want to. I'm looking for advice on if I should take on the additional hassle of running my own STR (which will most likely be out of state) or if I should take the extra time of not having to run the STR and invest in myself/my work at Apple. Then invest my money in either ETF's or FAANG stocks. Would love to hear advice in general on this. I've also been considering house hacking in SF due to high rent, but the housing costs here are so high I don't know if that makes more sense than buying an STR out of state. Thanks for any advice you can provide!
TC: $135k base, $80k/4 RSU’s, $25k sign on
1 YOE in different field before Masters
#personalfinance #investments #career #advice
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Avoid being overexposed to tech if possible and don't forget to enjoy yourself. Die with Zero is a book that changed my life and the way I view money.
You're just starting out- don't worry so much about retirement. Rack up experiences while you are younger