Hi all! I’ve been a long time lurker of this subreddit so wanted to share this exciting milestone since there are not many people I can share this with in real life. Yesterday, after 2 years of contributions and investing, I finally hit 102K invested across all my accounts.
A little bit of context on me. I got a full ride merit scholarship to college, which I decided to take over a few Ivy League schools a few years ago. Looking back, that was the best decision since I would have had to go 6 figures in debt! In college, I did some internships and research and from that I picked around $35K in savings. Plus I’ve maxed out my ROTH IRA for the last 3 years, with the 529 to Roth backdoor since I didn’t have any expenses for college (sometimes, I got paid to go to college).
I just recently started a new Software / AI Job and I get paid around $200Kish per year. With some good investments (around 70% capital gains in ROTH) and around 30% short term and long term capital gains in Individual, I finally hit the milestone. I also automatically contribute to around 10% to 401K ROTH and 10% to 401K Normal.
Right now I have 30% to rent, 10% to food, 10% to fun stuff and extravagance. But I don’t know what to do with the other parts - I just put the other 50% to investments, because I don’t really have too many expenses tbh. I feel like I am living below my means yet that is already extravagant. Would love to get advice plus also share more of my story, since I recognize that not many people are in my position.
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