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Rising Star
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Has anyone gone to an estate sale in the city?
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Has Deloitte gotten laid off yet?
What jobs pay $200K+ in Florida?
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Weird flex but ok
Weird flex but okay
Awesome job OP. Love to see consultants not inflating their lifestyle. Ignore everyone on here that tells you to spend more...5-10 years from now, you’ll be high fiving yourself when that cash cushion comes in handy for grad school/house/wedding/child.
If I were you, I’d pay off the student debt because I don’t like debt. Then invest the max into a Roth IRA. Then invest the rest in a low cost vanguard fund.
Thanks :) appreciate the feedback. Love living a simple and tranquile life
You’re saving too much. Volunteer to buy more rounds at the bar, would ya?
Move out of your parents house lol
Put it in ETFs?
Invest it.
Down payment on a home
Bitcoin, bro :D
Max your 401k, pay off any debt, set aside an emergency fund of a few months salary, invest the rest
I pay 650 on rent, live on New York with one roommate. I have about 7k on my 401k and cook most of my meals. Barely eat out (because that’s such a waste of money lols. ( my parents owned restaurants) so I never felt really attracted to the idea of spending so much money on food. I have about 9k of student loans but the interest is so low that I feel it would be better to just invest that money somewhere else.
Damn! If my parents owned restaurants I would've already saved $100k
That’s awesome! How are you able to save so much? Living at home/roommates?
People want to live paycheck to paycheck? First I heard of that
All in VTSAX
Plz, where in NY are you living for $650/month. I’m moving out soon and that sounds amazing
I actually live in a pretty nice neighborhood in Brooklyn (bensonhursts) and it’s a two room apartment with a kitchen and a living room ( one bathroom though)
It takes me about 45 mins to get to union square though. But not bad when you are doing stuff in the train
650 for a room in NYC will buy you a beaten up 1-bedroom with separate rooms (living room is used as a bedroom) in south Brooklyn/flatbush if you are lucky.
Kudos for living a minimalistic lifestyle and saving up, but this is not how most of us want to live, I'm well over this phase of my life.
(1) pay off your debt (paying interest even if it is low is still losing money)
(2) max out 401k
(3) invest the rest
Paying off debt at a low rate is a bad idea. Better to put it somewhere where the returns are higher than the loan interest rate.
Google the Mad Fientist and see how soon you can hit FIRE! It sounds like you are on track to be financially independent at an early age. Congrats
That’s my dream literally. I really just want to work because I want to, but not because I have to. I feel like I’m very frugal and can constraint myself from acquiring not meaningful or useful things. The only thing that I need to do better is get exposure to where to put my money. I was looking to buy some one to two unit house here with my siblings in brookyn and house jack it. But housing here is insanely expensive.
OP - do you contribute to a Roth IRA? If not, max the % matched with Acn, max your Roth IRA, then go back to 401k. Also look into our ESPP.
There’s a ton of personal finance for beginners guides around the internet so check it out
I am doing this max matching for my 401k and I have also purchased the stocks. I think I have about 4.7k in Accenture stocks
Invest
Buy lots of Saint Laurent shoes and bags
Are those savings including 401k or separate?
Good for you! Continue to be smart with financial decisions