I obviously can see your logic but I still think it's your best bet. I also think it's important to point out there's an order of importance. If you have low or no income you're first priority needs to be getting a higher paying job and or up skilling to enable you to get a higher paying job. From there assuming you got a decent job most of us will have a 401k option. You get a tax deduction, tax free growth and most importantly most of us get matching employer contributions of some form. If you put in enough to get the full match over the course of you're career you're going to end up ahead. If you have an HSA sames goes there. If you have a low enough income to qualify for the deduction on an IRA same goes there. Oh yea did I mention 529 for your kids future? Combining investing w/ special accounts that can grow tax free and offer tax deductions are going to maximize you're chances of overall success but again I agree all this is kind of riding on you being in a decent paying field and if you're not already that should be your first priority.
DwnVoteHoneyPot|3 years ago