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re: What are your realistic 5 year financial goals?

Posted on 3/11/15 at 2:23 pm to
Posted by lsupride87
Member since Dec 2007
96255 posts
Posted on 3/11/15 at 2:23 pm to
I have absolutely no clue how so many people on this board are on pace of saving 150k by 28. Are yall starting jobs at 70k+? Have to be I guess.........
Posted by Salmon
On the trails
Member since Feb 2008
83653 posts
Posted on 3/11/15 at 2:26 pm to
quote:

I have absolutely no clue how so many people on this board are on pace of saving 150k by 28. Are yall starting jobs at 70k+? Have to be I guess.........


all that $150k isn't from you if you are talking about 401k...

when I was single I was putting in 18% with a 6% match in my 401k

I can't do that now, but when I was single, I didn't have that many expenses. But of course all that got wiped out in 2008/2009

as for having $30k in an emergency fund, that should be that hard for a single person or a married couple with no kids to do in 5 years if they are smart
Posted by elposter
Member since Dec 2010
25052 posts
Posted on 3/11/15 at 3:28 pm to
quote:

I have absolutely no clue how so many people on this board are on pace of saving 150k by 28. Are yall starting jobs at 70k+?


Quite a few industries have starting salaries this high. Big law firm starting salaries in major markets are 160k and higher. Even at medium law firms and/or smaller markets, starting salaries are routinely 100k+.
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