23M lost over 80k this year (stock market/gambling)
I’m currently a recent college graduate. I’ve always been entrepreneurial and have made good money year on end without a 9-5 job. I started making money on TikTok this year and did roughly 100k in a very short period of time. I had put most of it into Robinhood and began messing around with it somewhat aggressively. Which began with amazing results and then ended with an awful downfall. The money I make from TikTok is untaxed and I’m looking at around 20-25k in taxes having to be paid. I currently have 13k and am extremely stressed out. Currently looking for jobs and continuing to try and make money on TikTok. I have zero expense currently still with my parents. Any advice or wisdom would be greatly appreciated as this has been a great learning experience but has caused me lots of sleepless nights and stress not knowing if I will be able to make this money by tax day. This is something I haven’t disclosed with my parents not sure if that would be best or not as they think I’m doing so well for my age 💀
I’m currently a recent college graduate. I’ve always been entrepreneurial and have made good money year on end without a 9-5 job. I started making money on TikTok this year and did roughly 100k in a very short period of time. I had put most of it into Robinhood and began messing around with it somewhat aggressively. Which began with amazing results and then ended with an awful downfall. The money I make from TikTok is untaxed and I’m looking at around 20-25k in taxes having to be paid. I currently have 13k and am extremely stressed out. Currently looking for jobs and continuing to try and make money on TikTok. I have zero expense currently still with my parents. Any advice or wisdom would be greatly appreciated as this has been a great learning experience but has caused me lots of sleepless nights and stress not knowing if I will be able to make this money by tax day. This is something I haven’t disclosed with my parents not sure if that would be best or not as they think I’m doing so well for my age 💀