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Hi Fishes, I joined Accenture last month and 45days has been passed but today I got a mail to submit LOA signed copy so does that mean that my bgv has not been started till now and will start only post submission of this document. Any one any idea how many does does they take to complete the whole process?? Thanks Accenture
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I just hit $200k NW and it’s been 7 months since I made my post (link below) about hitting $100k NW in Dec ‘21.
I’m just mind-blown since it took me 2.5 years to get the first $100k and it’s snowballed from there. I’ve gone from $82.5k TC to $238k TC plus a $20k appreciation on a house I bought at the beginning of the year
Can’t really talk about finances with friends/family so this is the only place I can share milestones like this haha…we’ll see if I can hit $300k by EOY
https://joinfishbowl.com/post_muypy45qoy

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Since you average family makes less than you are saving in cash, I will let you decide if that is decent or not
I make $16M per year. I feel like I am behind the market. AMA
Lol FOH
This bowl is too much hahaha
No, you guys are pathetic. You should be saving 120% of your income, bare minimum
Lol @ the not humble brag.
If you want someone to validate your question, my wife and I are early 40s, no kids, make around 1.5M combined, and probably save / invest 500k of that. So, yea do better I guess?
Chief
Only making $1.5m with two incomes in your 40s?! SAD!
What’s hhi? Are you including retirement?
What is this market that you speak of
Pro
This thread is a bunch of 22 year analysts who don’t realize how expensive life gets once you have a family if you want to stay in a VHCOL area and retire at a reasonable time.
Saving $100k a year when the cheapest three bedroom apartment in Manhattan is $1.8M isn’t much, and you’ll need $10M saved for retirement if you want to maintain an upper middle class lifestyle in a VHCOL area after retiring.
Rising Star
Right, factor in if you want a starter home in VHCOL CA/NY, you’re looking at $1.5-2m range. At these interest rates with a 20% down ($300-500k cash) you’re still looking at a $9-13k/mo+ mortgage and property tax payments. The interest paid back alone would be millions over 30 years.
Then you need factor in retirement, healthcare, cost of children, etc. that could easily be multi-millions.
It’s interesting to see how naive so many other professionals are thinking they’ll get away with saving $10-30k/yr in VHCOL. $500k/yr household is not rich just because analysts/seniors/managers are struggling.
So behind bro
Your stupidity gives me hope that my dumbass can also make it to a point where I’m saving 100k+ in cash
Enthusiast
There should be a bowl for upper class people who think they’re behind financially.
GTFO!
Pro
Decent, but not amazing for nyc.
Not sure why my question is trolled, we recently moved to US.
Pro
…do you not understand what an expense is?
Saving money for future multi-million dollar purchases is not an expense. But it’s something you need to do.
Best spend your remaining dollars on sleeping bags and tents. Start scouting a bridge to sleep under.
GTFO with that