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24 making $85k this year. Maxing out 401k/Roth401k (50% in each or ~$10k in each), and maxing out Roth IRA. All other savings go into my brokerage account (besides ~$3k I keep on hand in a checking/HYSA). I’m a little cray, but you’re definitely doing more than average for your age OP!
Age 25, $140K net worth
- 27-33% goes to HYSA
- 18% to 401K
- 31% to taxes
Occasionally have unexpected expenses, which reduces the amount I contribute to HYSA. Still manage to save ~$2.5-3K though
Chief
You're joking, right?
You are saving way more than 99% of people out there. 🙄
I wasn’t trying to joke, I was actually wondering - seems at times like I am behind the curve.
24 year old here. I put 100% of my paycheck in triple leveraged oil ETFs and I scour the office trashcan for food.
Please, tell me more
Pro
This post -> 🍆📏
Not at all
You are way ahead of the curve. Put your investments in an excel sheet and assume 6% YOY growth. You will be a multimillionaire by 50 if not sooner
This post AGAIN
Sorry, I didn’t see the previous post nor do I get on here very often.
28 and literally all I do is put 4% in my 401k and only doing that because my company matches. You can live frugally And save if that’s what you want to do, id rather enjoy my money while I’m alive.
Hopefully earlier but just thinking worst case scenario
I max 401k and then 50% to savings. I would say 50-70% of my utilization bonuses go to savings as well, though I’m not as strict with that part of my income. 30yo
26, I put 10% in my 401K, DCA about 10% in brokerage account (ETFs). HYSA gets $1,000 a month although I’ll dip into that for occasional expenses (e.g., slow but steady furniture upgrades).
You’re doing great. You’ll be able to shift a higher portion to savings as your earnings grow. I started around 5-10% at your age, now I’m around 40% savings and living a very comfortable life at 30.
25 making 80k, 10% going to Roth/401k, 10-15% split between saving in a HYSA and invested in index funds
None of ya'll have student loans?
25k
Rising Star
Obvious humblebrag is obvious
Not what I was going for
What are the benefits of using a HYSA compared to personal brokerage? If you can earn say 5% a year investing in large cap ETF’s, why settle for less than 2% in a HYSA?
I know security is the high level answer, but curious to hear people’s thoughts
Agree - HYSA or money market for 3-6 months living expenses