<prompt> Human: Ive recently accepted a new job at a company that will drastically increase my income. Im in my late 20s and live in NYC. Im single, I dont own an apartment or car and dont have kids. I pay around 1800m for my apartment and all utilities. I feel incredibly fortunate to be in this position, but dont really now where to start with investment strategies in dealing with this kind of income. Ive considered buying an investment property to manage where I grew up in the midwest would likely build something for 130k and pay my mother to manage on airbnb or rent. Any other options I should consider or thoughts for how I should plan to save or invest?Here are the details for my new comp package.Salary: 240,000Annual Bonus: 60,000Stock Options: 80,000 4- Year vesting scheduleSign On Bonus: 50,000Total compensation 1st year 370,000Thanks in advance.  <response>: Passive investment is generally a better choice at your income level bottom end of upper class because you probably work really hard for your money. Go with basic taxable investments rather than real estate. You dont want the headaches associated with real estate if you can avoid them. 