Hi I am pretty new here but I like the idea and looking for some advice. I am in a good position I make 120k, I am 26 and got an apartment from my parents so I save around 4k a month and can still enjoy my life and travel. Currently I put most of my money in ETF‘s and a little bit in crypto. What would you do in my situation and what advices can you give me?

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Assuming 120k is your gross salary and taking the tax bracket rate of 24%, your net salary per month should come out to about $7,600. If you save $4,000/month, that’s just over a 50% savings rate! Spectacular!

As far as suggestions go I would allocate the following per month in your savings: $500 in your Roth IRA, $1700 in 401k, $1000 in brokerage account (mutual funds/ETFS), $500 in savings/emergency fund, and $300 to dabble in your super volatile investments like crypto.

This would have you maxing out your Roth IRA and 401k for the year if you start from Jan 1st. Keep in mind you could always reallocate the funds in savings, brokerage, and crypto based on your priorities.

Hope this helps! What a phenomenal salary and strategy for your age! Keep up the great work. What do you do for a living? Just curious.

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