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I am on bench from 1 nov 2022. I am PA.
Big 4 or Tech firm?
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Rising Star
This feels very attention seeking, but I’ll humor you.
Look up how many Americans have that saved at any age and report back to us😒
So positive yet humbling
How is OP not responding to anyone? We actually need advice now
Just clout chasing probably
24 making 80k with 30k saved up. I feel like I'm behind all the time. No idea how you managed to save 200k already unless you're the guy in the other thread I was talking to that went to school on a full ride and worked FT.
Most guys our age are in the club on Friday nights with no savings, no skills, no plan. Just a fake designer shirt and an iphone. I think you're doing just fine
Welcome to the rat race!
How did you save up so much, do you not pay rent?
Probably rich parents
I am past 40, unemployed with a master’s degree, with a family and no money saved at all because I got too much going on owning a house and having kids. So yes you are good
Now this is reality! Lol
Confused if you’re making 80k a year at 23 but have 2 1/2 years of salary saved…
Sounds like a trust fund so you don’t need to be doing too much atm because if the 200k is invested at the risk free rate of 4.5-5% your making $10k a year just in passive income. You’re doing fine
Me too I’m sad that I only have £500k saved up. Wish it was 1 million, I’m such a failure
23 with 200k saved…lmao you’re doing extremely well
Yes
Sigh
So basically you have saved 2.5x your salary in only working for 2 years? With a salary that is higher than the median in the US. Not sure how you magically created extra value with this stock market... It is very easy to look up what the average amount of savings is by age so this is clearly you just trying to seek attention.
Thank you!! 23 yrs old and looking for anonymous validation 😭maybe they can spend some of that and find a hobby
Nope i feel the same way
I’m 23 making 155k… but I only have 10k in savings… 30k if you count my 401k…
Wtf is that SA2?
200k saved is really good at any age. 23 is excellent
Is your 80K job something you love and are obsessed with? If not, are you still actively investing outside of your 9-5 in something you do love and are obsessed with? If not, then yes, you are not doing enough. Not saying to risk all your savings, just 10-20% or something you’re comfortable with should work as a starting point. Either fear of failing at something you love or fear of doing something you’ll never be passionate about for the rest of your life - you pick.
I mean did the 200k come from you or someone else? It’s possible you may not feel like you’re doing enough if those investments weren’t made by you, but having 200k at 23 obviously puts you ahead of the vast majority of 23 year olds.
I’m 40. Have a PhD. No savings. Live in someone’s rented basement. And can’t get hired. Your hard is still hard, and if you feel like you’re not doing enough, that’s valid, maybe take an investing course? But I think you have it pretty great. Gratitude for what we have helps improve outlook and health.
Is this satire? If not, lay off the tik tok for a little bit champ😆
I’d say you’re doing well simply based on the math (using assumptions since obviously we don’t know specific details)…
assuming you graduated at the average age of 22,
so if you’ve only been working (post graduation) for 1 year at 80k, yet you’ve got 200k invested, this is definitely an exception to the norm. The average person would have had to inherit $ or make/ intelligently invest money in high school and undergrad all while avoiding student debt and keep expenses low in order to reach that level of investment. Unless of course there are omitted details about a significant debt load in addition to the net investment balance.
I’d say the average situation at 23 is making less than that, with 100k in student debt and investments of approx 10% of their gross salary.
200k in Project Management? Is that another way to say 200k in student loans for learning Project Management at an Ivy?
Can you share with the group how you have the 200k because that’s not normal AT ALL