{ "media_type": "text", "post_content": "Anyone willing to assess finances at high level? Single associate in NY saving 55% of income. Maxing Roth IRA and 401k. 4 mo expenses in high yield savings. Stock picking via robinhood. (Cont’d)", "post_id": "5ac790e62c4b360013a187b8", "reply_count": 19, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Anyone willing to assess finances at high level? Single associate in NY saving 55% of income. Maxing Roth IRA and 401k. 4 mo expenses in high yield savings. Stock picking via robinhood. (Cont’d)

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I wish I could take advantage of “not buying my own drinks"

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I try not to buy my own drinks. Eat in a lot. Take advantage of firm sponsored foods.

likeuplifting

No, but can you tell me how you survive in NYC saving that much? I feel like your rent would be 35k.

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What’s the interest rate on your student loan, what’s your current plan for paying that off?

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Rent is ~1k

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I'd say you're doing pretty well. Keep it up as you progress in your career and avoid lifestyle creep.

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Op... I'm assuming you're female? Only way you can potentially avoid buying your own drinks.... what's your secret?

funny

Hadn’t thought much of lowering student loan interest. Looking into that now. Hoping 55% post tax will remain sustainable! I’m currently comfortable and salary will go up with time. Also can’t imagine children for awhile!

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20k in student loans. Any general suggestions of how I can do better/wise investments.

Saving 55% pre or post tax?

And what's your income

55% post tax. Half of what I actually take home. Income in low 70s.

@D1 about 7% interest on loans. 200+PwC loan paydowns monthly. Also paying with bonuses and tax refund.

You can definitely refinance that loan, that’s pretty high. I’m at ~5%. Also how do you get 200+ for PwC loan pay down? I’m at 100/month

Seems like you're doing very well! I wonder how sustainable 55% post - tax savings rate is, but do it while you can!

7% is pretty high, definitely should try to get that paid off. Would it more towards it and less into your brokerage account. But definitely very sound investing on your part!

OP what are your high yield savings? Some particular ETFs?

@consultant 3. 4 months expenses (emergency fund) are in high yield savings account (1.35+ APY), not investments. But saw a post on FB about if this is really necessary. Thinking I’ll shift to other easily liquifiable assets/stocks. Suppose I could just sell my stocks if I’m in an emergency.

@PwC 2 that’s correct. I pay 200 in addition to PwC pay down, but I could be paying more if I sacrifice more or save less.

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What advice would you give your 22 year old self?

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How much do you have in savings (cash, 401k, etc.)? And how old are you?

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likefunnyupliftingsmart

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