I need some advice

[Ethan McManigle]

Hello, my name is Ethan. I'm 22 years old. I want to save up and buy my first property but idk what the best way to save that money is. Should I use a traditional bank account? Should I invest my money in bonds/stocks? If not I looked on Vanguards website and they had a short-term Roth IRA. That I can set up for a personal goal. (Which depends on how much money I need to save up for) I was thinking about doing that for about 3ish years. I would like to save up for a down payment on a duplex. I can put aside about $130 each week. idk if that will change anything or not.

So my questions are

1. Where should I save my money?

2. How much money do I need for a duplex? (USA, Iowa area)

[Jonathan Greene]

The scale isn't going to come in the interest at this level of savings, it's going to come from how much you can earn. I would worry much less, at this stage, about which account is going to earn you more than how to make more money at your job or take on a side gig also to enhance it.

A lot of blogs and people will have you focus on the micro here, not buying Starbucks, or getting a .01% better yield, but that doesn't really matter right now because it's not a big earn. You don't get rich by saving, you get rich be earning. Not saving doesn't mean spending, it just means you don't have to eat ramen every night to keep earning.