Visual Storyteller
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Im so happy! I just paid off all my debts!
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Save half my pretax salary.
What's your breakdown of expense vs income?
I was only contributing 6% salary to my 401k at 100 because I was doing Roth IRA/HSA/other investing. 6% was my employer match.
Once I got to 150, I did the full 19.5 limit and mega backdoor Roth too
No, tech now
Get my own apartment, and Stop having to live with roommates.
House keeping services!
^^^^^^
Don’t do anything different. To sccumb to lifestyle
Drift
I got my own room in a (nicer) apartment instead of sharing a room in a smaller one (HCOL city). Also, I started just covering the bill whenever going out with close friends who were younger.
I didn’t really change my lifestyle other than that.
Max out retirement accounts
This might sound a bit silly , but invest in good clothes/ dry cleaning/ laundry/ House cleaning services / taking some self development courses / high quality personal trainer . That’s what I would with that additional money. It will help you make 10 times more in the next 5-10 years
I save a lot more money. I've lived in the same condo for 5 years and my comp has approximately doubled in that time. If I was renting I would have been tempted to get nicer and nicer apartments. Now I don't think twice about nice dinners, trips, tickets to games, etc. Keep your living expenses modest and you'll have money to save and have fun.
OP dyin to put on those golden handcuffs lol
Visual Storyteller
Growth Strategy Manager, not technical at all
You should assess what is important to you and make a decision based on that. Obviously saving more is great (and what I did in an identical situation) but you should balance that with enjoying your life.
For me, I live in a LCOL city and already was comfortable when I made $75k / year. So I’ve been able to change very little with my spending (I do take more trips) and put away the excess as I’ve gotten raises and bonuses (at around $250k total comp now).
In my mid-30s now and have around $1.5m put away between retirement, personal investments, and personal savings which lets me consider things like taking a year off to travel or joining a riskier venture with my next job without worrying about my future much.
But again that’s because I enjoy life just fine without spending a ton on day to day stuff.
What city/state are you in? Are you happy with your quality of life in that city?
Fronting money to book Airbnb’s for myself and friends and traveling almost all the time
Mentor
More BTC
As an associate you’ll be making $150?! Im not even making half that at a year 2 senior associate.. 31F 😢
What AC are you at. I have friends who work there and make more then half of 150 as seniors?
Mentor
Made that jump recently and started investing/saving about 40% of my net pay and bumped my 401K from 8% to 12%.
Gotta ask, Are you jumping from associate to senior associate? And what company? You’re making more than me in a HCOL area as a senior associate 😭🥹
Ahh thanks for the detail I was about to walk off a ledge 🤣🤪
Coach
Max out 401k, build 6-month emergency fund, invest monthly, and VERY occasionally spring for a true wardrobe investment piece (eg $400 boots I loved right then vs waiting for them to go on sale/out of season) or fancy Michelin-type meal.
Invest in yourself - quality items that will last for years, personal development (health + knowledge) and travel lots.
Even at 100 in HCOL I lived pretty comfortably, but basically savings/investment and a lot of travel. Travel ain’t cheap but started to actually go to cool places and focused more on enjoyment than “this hotel is xx more expansive than that”