What to do with life?

Breathometer / Eng 27savage
Jun 28, 2018 63 Comments

27 years old, recently married 2 mos ago to wife (28 yo), just got back from honeymoon in Greece/Italy and also recently bought a home in the east bay about 6 mos ago. 1.3 million home, 500k down.

Mortgage+property tax per month is about 5k. Big expenses like wedding and furnishing home are out of the way, so monthly expense is no more than 2k a month.

Our total comp is about 420k. Currently both max out on 401k every year since 22. I have about 130k in stocks. About 140k in cash.

I guess my question is, what should I do with my life now...

Seems like life is going to be pretty comfortable from here on out but nothing super life changing. Like what should I do with 140k cash? Invest it? What do I do with all the extra cash that we save per month/year? Seems like a lot of excess. Should I have a kid? Seems a bit too quick. Should I buy a Tesla? Is this considered a lot of money? Do I need to save more? Market seems bear, not sure what to do. Sit on cash?

Not trying to show off but really sort of confused. Everything seems a bit anticlimactic...

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TOP 63 Comments
  • Microsoft UMbR31
    You, son, need two things in yo life. Bitcoin and religion.
    Jun 28, 2018 0
  • Oracle Facebook!
    On a side note - A lot of them envy to have your life!
    Jun 28, 2018 0
  • Amazon d78gh5
    Find a passion. Invest in that. Don’t have kids because they ruin everything and you are wired to love them anyway. It’s terrible.
    Jun 28, 2018 1
    • Amazon cayde-6
      Lol @ they ruin everything, but you are wired to love them anyway.
      Jun 28, 2018
  • Microsoft PhiloSophy
    I’d recommend you do 3 things. 1. Travel the world every chance you two get for a few years (2 years?) and then revisit the topic of having kids. 2. Put 125K in a low cost Vanguard index fund and leave it alone. Let it grow. 3. Invest about 15K in short term US treasury bond (3-6 months). This is your rainy day fund. If you ever need cash for something unplanned, you tap this. Enjoy life and focus on spending more time on doing things you love and with each other.
    Jun 28, 2018 1
    • Breathometer / Eng 27savage
      OP
      Great advice, thanks man
      Jun 28, 2018
  • Intel kornshell
    Good job. Im in my early 40s. Not as.well paid as FANG but financially similar to you. I started after masters with a networth of -20K and built it up from there. Few pointers for you:
    1) ignore trolls
    2) keep 6 mos expenses in high yield savings acct. Ally is a good bank
    3) buy a nice car if u really want it. Eg a Mercedes GLS screams "I've made it in life. F you". If u want to make such statements in ur social circle, buy one of those 70K + cars. Else, totally skip this step and buy a normal car like a toyota.
    3) put 90 pct of remaining cash in SPY or VOO (SPY index fund). Be careful and buy only on dips. But don't sit around too long to get in the market. Around 6 months is plenty to deploy your existing funds.
    Remaining money as dry powder for market corrections to buy more of SPY or VOO.
    4) Extra money flowing in each month - high yield savings till u build up.couple three hundred K. Then buy real estate in Bay area and rent it out. Buy only in a locality where you will personally live. Smaller house is ok but don't compromise on location.
    5) Have a dream vacation..splurge 20K or more if you will - you earned it!
    6) Now have first kid in the next year or so.
    7) Let the kid grow up to 2 or 3 years old. Now have kid #2.
    Amen.
    Jun 29, 2018 2
    • Intel / Eng
      Jlin

      Intel Eng

      PRE
      HPE
      Jlinmore
      Do you think it’s good idea to buy real estate in Portland or, is that a desirable place to live for the FANG people?
      Jun 29, 2018
    • Intel kornshell
      Bay area. I would never invest in portland unless I lived there.
      Jun 29, 2018
  • Apple H8>%*1
    This post is BS. Lol
    Jun 28, 2018 1
    • Breathometer / Eng 27savage
      OP
      What why did you say that?
      Jun 28, 2018
  • Compass / Eng
    FUPayMe

    Compass Eng

    PRE
    Google
    FUPayMemore
    Hookers + blow
    Jun 29, 2018 3
    • Cisco Dangerr
      Troll
      Jun 29, 2018
    • Compass / Eng
      FUPayMe

      Compass Eng

      PRE
      Google
      FUPayMemore
      Nah
      Jun 29, 2018
    • Cisco Dangerr
      So just dumb. Got it
      Jun 29, 2018
  • Facebook Ansible
    You are not even in a fang company. Leetcode harder.
    Jun 28, 2018 0
  • Microsoft / Eng chana
    Try not no die
    Jun 29, 2018 1
  • IBM xdij88
    You are two kids or one hookup away from misery. Don't go that way my boi.
    Jun 29, 2018 0
  • Amazon / Eng G00G-BOS
    Payoff the house I’d say, but it’s 2am here and I’m awake reading bogleheads archives from when the 2008 crash happened (pretty grim reading overall, this is what got me started: https://reddit.com/r/financialindependence/comments/8u95rg/what_does_this_boardcommunity_look_like_in_a_crash/ )
    Jun 28, 2018 1
    • Oracle Facebook!
      That's a good read. Thanks!
      Jun 28, 2018
  • Microsoft Glaucon
    Have a lot of kids :) like at least four 💕💕💕
    Jun 28, 2018 0
  • Intel / Eng
    JNQY36

    Intel Eng

    PRE
    HPE
    JNQY36more
    Nice job on your saving but don’t waste on a Tesla. Just get a Toyota or Honda and invest the money in something give you more cash flow. Like real estate in Austin or Seattle. Rent it out and claim it as second home so won’t need to report on tax
    Jun 28, 2018 0
  • Google thebeaver
    Life is short. Have an affair.
    Jun 29, 2018 2
    • New DuQvV7
      This guy fucks (around)!
      Jun 29, 2018
    • Cisco Dangerr
      Don’t do this
      Jun 29, 2018
  • Microsoft Crise
    So you want climax? Well, then do it!
    Jun 28, 2018 0
  • Amazon jufbjjc
    Read up about FIRE. You have a long way to go.
    It may all be going smooth right but that can change in matter of days. People working at bear sterns in 2008 had no clue the top company they were working for will be gone the next day but their mortgage etc won't go away.
    Jun 28, 2018 3
    • Breathometer / Eng 27savage
      OP
      That’s good advice
      Jun 28, 2018
    • Breathometer / Eng 27savage
      OP
      Thanks
      Jun 28, 2018
    • Amazon jufbjjc
      No problem. Been in your situation and I can understand lack of motivation. Now few years later I am better off and still highly motivated. Plus have a kid now who makes everything better (they are a lot of work though).
      Jun 28, 2018
  • Microsoft Portalfish
    Travel. Be generous to people who aren't as fortunate as you and donate to a cause you care about. Index funds!
    Jun 29, 2018 0
  • First world problems 😏
    Jun 29, 2018 0
  • Tesla / Eng
    eIon

    Tesla Eng

    PRE
    PayPal
    eIonmore
    Definitely buy a Tesla
    Jun 29, 2018 0
  • Amazon / Ops 🌲5️⃣0️⃣
    Start serving God bro #blessup 🙏🙏🙏
    Jun 29, 2018 0

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