This grind to be financially independent is so exhausting. I’ve cut my costs down to the bare minimum (moving in with parents the past 2 years) and I’ve only been able to save up $400,000 (mostly in VTSAX). What am I doing wrong? Base: 150k Bonus: 35k INVESTMENTS: Vanguard Roth IRA $37,129.27 Vanguard Brokerage $201,563.87 HSA $10,282.85 401k $69,987.46 Robinhood $16,378.17 Amex Savings $20.75 Chase Bank $11,188.74 Chase 401k $13,575.00 HMBradley $26,401.44 Haven’t gotten my 35k annual bonus yet (getting that next week which’ll increase net worth by 35k)
Seek Therapy
That’ll cost money and only move my financial independence target
Oh so poor. 1.3 billion people in 107 developing countries, which account for 22% of the world’s population, live in multidimensional poverty. About 84.3% of multidimensionally poor live in sub-Saharan Africa and South Asia and OP is one of them.
I didn’t say I was poor. I know how fortunate I am just trying to figure out how to accelerate growth.
your TC is bad and you should feel bad /s
Other Blind folks making $500,000 at 27
I’m much younger and making 400k. Nothing wrong with maxing but you should appreciate it a lot more, not be disappointed. for actual advice, up your TC
Honestly you’re doing great, way better than most of the world. If you want to try and step/change to the next level you’ll have to do it by taking some big risks. The four main categories I’d think about are 1. Cost savings 2. Investment growth 3. Income growth 4. Real-estate Sounds like you’re doing great on cost savings. You could try to be a riskier investor vs. just VTSAX but it’s a ton of work and luck First consider growing your income. TC is decent but you can go higher by either betting big on jointing a startup + equity appreciation, or by investing in your career and climbing the level ladder (either internally or by switching jobs). It won’t “just happen” you very much have to do it on purpose. Finally real estate - interest rates are still real cheap and it’s your best access to leverage your future earnings. Also has some risks, but largely manageable. Get a mortgage, maybe get some roommate if single. Good luck
Thank you for actually giving advice unlike other folks. I definitely need to join a company that offers equity. No more cash only jobs. 😡 Real estate - my parents have been in real estate since 2011 - today’s prices just seem astronomical, feel like I’m getting a poor deal.
YoE? Yearly expenses? You could raise your TC if you feel you're not reaching your financial goals quick enough.
How is a 35k bonus going to increase your NW by 35k? Do you live in Dubai?
I lied. It’s 35k before tax
You’re spending the best years of your life in your parents’ house. I really pity you.
I completely agree. buT tHe SaVINgS 🤓
We’re in a pandemic my guy. Can’t do much.
Sarcastic post.
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Closed now - thank you all
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Fucking humble braggart
I should at least be at $600,000. Made poor decisions in past like selling house early.