I'm making this post mostly for myself to look back on because I wish I'd made one at $100k. Also to keep me accountable as I want to get back in the groove of aggressive saving.
I remember after graduating college and getting my first job ($46k, ouch) I shot up from literally $0 to $100k very fast. I was doing a hardcore fire lifestyle before ever seeing this sub. However I slowed down significantly when I met my gf, started enjoying life a little more and spending more money. There was also a very volatile market during that time which discouraged me from investing a bit, as well as 5 months of being unemployed. But now I'm in a new job ($90k) and ready to resume saving. I live in HCOL city but my rent is low ($1,100).
Real estate: $0
Checking: $11,005
Savings (4.5% apy): $61,598
Retirement accounts (Roth, 401k, Esop): $61,546
Personal investing: $67,048
Total: $201,197
I received some early inheritance in 3 installments over the years, totaling $38,000. This all went into personal investing or roth.
There are also some things that I would consider assets, although I won't include them in the calculation since they are vehicles, but they are truly investments and will grow in value if treated well. These purchases/restoration projects have all been part of the "enjoying life" phase and with the purchases out of the way, I can continue to enjoy them with some annual costs
1959 boat, restored by me and my gf, insured $25,000
1970 motorcycle, unrestored, insured $15,000
1975 motorcycle, restored by me, insured $10,000 submitted by /u/doplebanger
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I remember after graduating college and getting my first job ($46k, ouch) I shot up from literally $0 to $100k very fast. I was doing a hardcore fire lifestyle before ever seeing this sub. However I slowed down significantly when I met my gf, started enjoying life a little more and spending more money. There was also a very volatile market during that time which discouraged me from investing a bit, as well as 5 months of being unemployed. But now I'm in a new job ($90k) and ready to resume saving. I live in HCOL city but my rent is low ($1,100).
Real estate: $0
Checking: $11,005
Savings (4.5% apy): $61,598
Retirement accounts (Roth, 401k, Esop): $61,546
Personal investing: $67,048
Total: $201,197
I received some early inheritance in 3 installments over the years, totaling $38,000. This all went into personal investing or roth.
There are also some things that I would consider assets, although I won't include them in the calculation since they are vehicles, but they are truly investments and will grow in value if treated well. These purchases/restoration projects have all been part of the "enjoying life" phase and with the purchases out of the way, I can continue to enjoy them with some annual costs
1959 boat, restored by me and my gf, insured $25,000
1970 motorcycle, unrestored, insured $15,000
1975 motorcycle, restored by me, insured $10,000 submitted by /u/doplebanger
[link] [comments]