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What does 401k mean?
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Marry rich
Conversation Starter
That’s true but not in my control
Honestly, it was living a different life from others and then leaving my 9-5. By making smarter moves in my early 30s. I was able to put myself in a position to being able to leave my job and pursue other things. I did not realize how my job really slowed me down from earning more money. Just from me being my own employer, I’m able to put $70k+ in IRA and my spouse too.
Love this! Willing to coach someone ?
Put as much as you can into a 401k.
Isn't that money OP won't be able to touch until retirement ?
Pro
Set up a regular monthly purchase. Never sell those shares. Increase the amount every time you get a raise.
Live on less than you make. It's incredibly basic, but debt is the opposite of wealth, so if you stick to a budget and invest every month, you'll be a millionaire in no time
Conversation Starter
I tried but the roommates were crazy so I’d rather pay for peace
Young engineer just coming into the workplace. I want to know if I should bother with 401k?I have desires to get wealthy before my retirement.
Any advice?