Related Posts
Hello All,
Any EY GDS PMO here?
Additional Posts in FIRE Financial Independence Retire Early
Sooo AMC.. who’s in?
😂
Enthusiast
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Bowl Leader
You’re doing great. Max that IRA and HSA too!
Bowl Leader
Fair enough. The best opinion is an informed one!
Best advice I have is don’t forget to enjoy life along the way. We aren’t promised tomorrow 😎
Absolutely! We’re never going to be this young or have this much energy again.
You’re doing great! Not sure your job situation but I’d probably push for promo or a raise next if you’re still at Meta. From what I’ve heard the jumps there are pretty big and will probably make more impact to your goals vs trying to cut expenses. Not at all knocking $200k but have a feeling you can get more if you’re in a HCOL
I have personally found promotion is less about the work you’re doing (I assume it’s strong) and more about networking and positioning/how you create visibility to the work you’re doing. Tell your manager you’re interested in a promo & ask what you need to do to get there. Check in with them monthly on the areas they mentioned and discuss how you’ve demonstrated those skills in the month past. Make sure you’re in regular communication with your skip & your xfn partners and their skips, even just shooting a quick DM or email to let people know hey this thing launched or this is what we’re learning/excited about recently helps establish you as an owner in your role. Basically you want to make sure your name is a familiar one in the room when performance and promo cases are being discussed & that you have a clear group of advocates who support you
Congrats! It sounds like you should just keep doing what you're doing. If you can save a little more, that's great, but no need to go overboard if you're doing well as it is. Building up an emergency fund could be advisable, one never knows when things can go sideways.
Thanks! I have about $70k in my HYSA.
Congrats!!! Treat yo self
Wow that is really awesome! Congratulations to you. It is great to hear all the ways this group has helped you!!
How are you earning just $200k at Meta? Genuine q. What role?
Valid question! I should add more context. I’m not an engineer and also no longer at Meta. I took about a 20% pay cut to move to another big tech for peace of mind.
In HCOL but not NYC or SF so there’s another pay adjustment on top of that.
Congrats
Congrats! When did you start the savings & investing journey?
Thank you! I’d say luck played a big part in my journey along with a supportive network that helped with job hunting.
Once I had a couple of recognizable names on my resume, I was able to land the job at Meta about three years ago where I crossed $200k and really started to save aggressively. What’s worked best for me is automating the investing process. That way every month what lands in my checking account is my “fun money” once the credit cards have been paid off.
Mentor
Save up for a house deposit?
I have about $200k in an investment account I’m planning to liquidate and use towards that in the next 1-2 years. Thought of keeping it in an HYSA but decided I was comfortable with the risk of letting it ride the market.
Just keep doing what you’re doing and continue to keep housing costs low / avoid lifestyle creep
Thank you. That’s one thing I worry about as I get ready to buy a home soon. I can afford it but it’ll essentially double my housing costs and eat into most of my monthly savings.
What app is this?
Wealthfront
I’d say you’re doing great save for the fact that you work at a company that is hell bent on ruining the world. I’d sooner quit and live in a box.
I am not qualified to give you advice. You’re doing better than like 99.5% of everyone. And way better than my own self.
But, my suspicion “Rest in VOO” is perhaps flawed in a diverse portfolio. I believe a high cap dividend fund, and international fund, may help reduce some volatility in your growth and will also seize growth in areas you don’t have exposure to.
Is there a fund you’d suggest that fits that? I use Fidelity.
The only advice is buy real estate alongside.
Congrats! What are your assumptions for reaching the 6M milestone?
Got it thanks! Was wondering for example what they used as inflation % and growth %.