Hi everyone,
I’ve been managing my finances on my own since I started earning a real income, but lately I’ve been feeling stuck and unsure of what to do next. I think I’ve reached a point where my knowledge can only take me so far, so I’m planning to speak with a financial advisor soon — but I’d also love to hear insights from this community.
My goals:
- Achieve financial independence by 50
- Save toward purchasing a single-family home (around $600k) within the next 5–10 years
Here’s a breakdown of my current financial situation (30yo male, single):
- Cash savings: $340k in a high-yield account earning ~4%
- Retirement accounts (401k + Roth): $170k, mostly in index funds and ETFs
- Taxable brokerage account: $130k, mostly in tech stocks
- Crypto holdings: $77k
- Income: $98k/year
- Monthly expenses: ~$3k (includes rent)
- Debt: None
I was thinking of setting aside $200k in CDs and HYA as a “house fund” that I won’t touch, and put the rest onto tech stocks, but I’m unsure if that’s the smartest move or if there are better options. I want to make sure I’m balancing short-term needs with long-term growth and security.
If anyone here has gone through something similar or has advice on how to allocate, invest, or prepare wisely — I’d really appreciate your thoughts. Thanks in advance!
[link] [comments]