I started age 30 with absolutely nothing, how am I doing financially?
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Date: May 11th, 2024 7:51 AM Author: Idiotic Principal's Office Dopamine
28 I had a crusty shitlaw job making $60k, $200k law debt, $30k credit card debt, rented in Manhattan.
I quit to cop DAT delicious FedGov gig. Started out making shit. Financial situation worse at 30k.
Now 10 years later $150k salary, $5k savings, $10k checking, $12k stock account, $0 credit card debt, one car payment under $10k, own another car, condo worth $300k and I paid $130k for it. Under $100k left on mortgage. $275k student loan debt but 1 year from PSLF.
What can I do to improve my situation as I enter my 40s. Married with kids by the way which has helped with taxes.
Shit not flame completely forgot. I get a pension here and my fed equivalent of a 401k is at $90k right now.
(http://www.autoadmit.com/thread.php?thread_id=5527425&forum_id=2#47653014)
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Date: May 11th, 2024 7:54 AM Author: Carmine Spectacular Mother Public Bath
what school did you go to and how did you do?
how did you end up in shitlaw?
is your wife happy with your jerb?
(http://www.autoadmit.com/thread.php?thread_id=5527425&forum_id=2#47653017) |
Date: May 11th, 2024 8:05 AM Author: exciting clown
also you really shouldn’t keep any cash other than what you need for typical expenses and a small buffer. the rest should be invested. if you suddenly need more cash you can just sell a portion of your investments, or take out a 401k loan, etc. cash sitting around doing nothing is wasteful.
you won’t beat the stock market unless you’re lucky or have insider info so just invest in low-cost total-market index funds like VTI and hold them long-term. if you’re more risk averse, buy some bond index fund and make it 20%+ of your portfolio.
(http://www.autoadmit.com/thread.php?thread_id=5527425&forum_id=2#47653026) |
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