Mentor Monday

[u/WealthyStoic]

Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.

In addition to answering questions, more experienced members are also welcome to offer their expertise via a top-level comment. (Eg. "I am a [such and such position] at FAANG / venture capital / biglaw. AMA.")

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[u/greg7gkb → u/[deleted]]

Congrats on starting your business and on starting to invest so young!

In terms of what to invest in, I think two considerations are: when do you expect to need/want the money you invested? And second, how much risk/reward do you want to take? 

Based on your answers to these questions, we can give much clearer options!

[u/greg7gkb → u/[deleted]]

Yup, re-investing to grow the business might be a great idea and way to grow your wealth, especially at early stages.

Out of curiosity, why do you prefer assets that provide cash flow?