re: MT: Keeping The Course

quote:

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I'm hoping to restablish my strategy once the new income settled out and savings get back to where I would like. Would love to have a Net Worth of >$500k at 30 ($250k now at 28).

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I would take solace in the fact that - you are a 1%, peer wise.

If you do not save another penny, don't touch what you've already pust aside ($250k) when you're 58, that will be $600k - at 63, it will be $750k, and at 70 years, the money you've already saved will be well over $1 million (these assume an average of 6% rate of return) - which can generate a six-figure income until the end of your life expectancy, or roughly $40k annual income, in perpetuity and leave the principal to your heirs.

Not lifestyles of the rich and famous, but wealthy in the sense of this represents financial security that 99% of your peers do not have.

So, keep saving and raising the bar for your self. You may not have to work until you die, like some of us have as plan b -