26M/F married SINK 57% SR
Income: $14k/mo ($168k/yr) after tax
YTD average spend/mo: $6,000 ($72k/yr)
* $1,200 rent/utilities (small apartment)
* $750 car insurance/gas/maintenance
* $550 groceries
* $1,300 shopping (Amazon :( )
* $900 eating out
* $900 other (includes 3-6% charitable giving, monthly subscriptions)
* $400 entertainment/travel
Assets: $600k (passed that mark this month, woo)
* Tax Advantaged $310k
* Brokerage $250k
* Checking $25k (excessive I know, need to push more to investments)
* Savings $15k
2 older paid off cars, all investments are 100% VTSAX or similar. We max 401k and Roth/Trad IRAs every year. Live in a small apartment in a poorer part of town but spend like crazy on other items so I guess it evens out. Planning on moving to a rental house soon for more space. My philosophy is that the two biggest household expenses for Americans are housing and transportation, and that if I can get those right I can be in a better financial situation than many. So while I think we’re doing those two well I do need to make sure we don’t give the rest of our money to Jeff Bezos.
Grew up in an upper middle class family. Had involved parents, private preschool, public schools in nice parts of town, after school activities and sports, SAT/ACT tutoring etc. Got a full ride scholarship to college (ROTC), saved up about $60k by the time I graduated, $40k I earned through work, $20k of which was what my parents had saved for my college and just gave to me. Wife grew up poor in an abusive household and spent some time in foster care; most of her family is dead. We met in college and hit it off quickly, married within a year. I paid off her student loans (~$30k) with my savings after we got married. Worked full time after college while studying for my master’s degree which helped me get a better job in tech.
My wife has dealt with mental health issues and worked off and on but recently seems to have found something she enjoys. While it doesn’t pay much (under $1k/mo post tax) it does bring her satisfaction and gets her out of the apartment a lot. We plan on kids someday but not soon; we want to be stable first emotionally and logistically.
I barely feel like an adult most of the time. The kitchen is a dumpster fire and I live amongst discarded amazon package boxes, piles of unwashed clothes, empty water bottles, and airborne clumps of cat fur. Most of the time I smell bad and have a hard time doing hygiene, much to my wife’s dismay. Also I procrastinate terribly on anything work-related. In fact I'm doing that right now by typing stuff in to Reddit. I work from home so I need to work on myself and our home for sure.
Both my wife and I are in therapy and on meds for our various reasons. I’ve never related to people very well and was bullied as a kid. Had no friends for most of my life but made a few lifelong ones in college. Sadly we all live in different states now and I have not done the work to keep up with them. I still need to get better at making/maintaining friends but it’s hard for me to leave home sometimes as my senses become overwhelmed rather easily. My wife has recently blossomed in the friends category after meeting a lot of nice people through her work; I’m proud of her for that and need to learn how she does it.
Goal is $2 million in the next 10 years or so, at which point I hope to be work-optional. I am blessed to make an insane amount for my age and enjoy some of what I do but am not passionate about it at all. I admire those for whom passion is a consideration in their work. I do not have that. For me, passion is overrated; as Mr. Krabs would say, “I like money!”
My hope is to do OMY for a couple years after I reach $2 million but give the amount I would have saved to a cause I’m passionate about instead. Tech has a pretty chill work life balance so I think I could OMY for charity (local homelessness initiatives, GiveDirectly, and GiveWell) but who knows. Maybe I’ll be like Smeagol and not want to share my precious. Only time will tell.
TL;DR Privileged tech bro with bulging wallet and no life skills who struggles with mental health issues and being an adult. Please affirm my life choices, celebrate with me, and/or give me advice on how to invest smartly, spend less, or live a better life. But please be nice because I’m an ugly crier. submitted by /u/ToeBeanFu
[link] [comments]
Income: $14k/mo ($168k/yr) after tax
YTD average spend/mo: $6,000 ($72k/yr)
* $1,200 rent/utilities (small apartment)
* $750 car insurance/gas/maintenance
* $550 groceries
* $1,300 shopping (Amazon :( )
* $900 eating out
* $900 other (includes 3-6% charitable giving, monthly subscriptions)
* $400 entertainment/travel
Assets: $600k (passed that mark this month, woo)
* Tax Advantaged $310k
* Brokerage $250k
* Checking $25k (excessive I know, need to push more to investments)
* Savings $15k
2 older paid off cars, all investments are 100% VTSAX or similar. We max 401k and Roth/Trad IRAs every year. Live in a small apartment in a poorer part of town but spend like crazy on other items so I guess it evens out. Planning on moving to a rental house soon for more space. My philosophy is that the two biggest household expenses for Americans are housing and transportation, and that if I can get those right I can be in a better financial situation than many. So while I think we’re doing those two well I do need to make sure we don’t give the rest of our money to Jeff Bezos.
Grew up in an upper middle class family. Had involved parents, private preschool, public schools in nice parts of town, after school activities and sports, SAT/ACT tutoring etc. Got a full ride scholarship to college (ROTC), saved up about $60k by the time I graduated, $40k I earned through work, $20k of which was what my parents had saved for my college and just gave to me. Wife grew up poor in an abusive household and spent some time in foster care; most of her family is dead. We met in college and hit it off quickly, married within a year. I paid off her student loans (~$30k) with my savings after we got married. Worked full time after college while studying for my master’s degree which helped me get a better job in tech.
My wife has dealt with mental health issues and worked off and on but recently seems to have found something she enjoys. While it doesn’t pay much (under $1k/mo post tax) it does bring her satisfaction and gets her out of the apartment a lot. We plan on kids someday but not soon; we want to be stable first emotionally and logistically.
I barely feel like an adult most of the time. The kitchen is a dumpster fire and I live amongst discarded amazon package boxes, piles of unwashed clothes, empty water bottles, and airborne clumps of cat fur. Most of the time I smell bad and have a hard time doing hygiene, much to my wife’s dismay. Also I procrastinate terribly on anything work-related. In fact I'm doing that right now by typing stuff in to Reddit. I work from home so I need to work on myself and our home for sure.
Both my wife and I are in therapy and on meds for our various reasons. I’ve never related to people very well and was bullied as a kid. Had no friends for most of my life but made a few lifelong ones in college. Sadly we all live in different states now and I have not done the work to keep up with them. I still need to get better at making/maintaining friends but it’s hard for me to leave home sometimes as my senses become overwhelmed rather easily. My wife has recently blossomed in the friends category after meeting a lot of nice people through her work; I’m proud of her for that and need to learn how she does it.
Goal is $2 million in the next 10 years or so, at which point I hope to be work-optional. I am blessed to make an insane amount for my age and enjoy some of what I do but am not passionate about it at all. I admire those for whom passion is a consideration in their work. I do not have that. For me, passion is overrated; as Mr. Krabs would say, “I like money!”
My hope is to do OMY for a couple years after I reach $2 million but give the amount I would have saved to a cause I’m passionate about instead. Tech has a pretty chill work life balance so I think I could OMY for charity (local homelessness initiatives, GiveDirectly, and GiveWell) but who knows. Maybe I’ll be like Smeagol and not want to share my precious. Only time will tell.
TL;DR Privileged tech bro with bulging wallet and no life skills who struggles with mental health issues and being an adult. Please affirm my life choices, celebrate with me, and/or give me advice on how to invest smartly, spend less, or live a better life. But please be nice because I’m an ugly crier. submitted by /u/ToeBeanFu
[link] [comments]