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Posted on 1/5/16 at 8:57 pm to BeerMoney
quote:
What's the 5 year growth of your income look like?
Not sure. Guess I'll get into 70s?
This post was edited on 1/5/16 at 9:09 pm
Posted on 1/5/16 at 9:01 pm to 13SaintTiger
quote:
Question, danilo. At what age and salary did you start contributing and investing?
Started right out of college 22 years old making 30K. Just been pounding away. Salary rose to 40, then 46, then 52, then 58, then 65.
I was fortunate to come out of college with no debt so basically I started with a Net worth of 0 (which way better than being in the red)
Posted on 1/6/16 at 10:21 am to danilo
Ok. I asked just because in my opinion it might let you aim for a bigger house or a different investment.
To me you could easily afford a $200k-$250k home. Probably want to go talk to some lenders to see what sort of scratch you need to put together first though. I don't know what % down they want now days. Or how first time homebuyers loans work anymore. Been a long time since that for me.
To me you could easily afford a $200k-$250k home. Probably want to go talk to some lenders to see what sort of scratch you need to put together first though. I don't know what % down they want now days. Or how first time homebuyers loans work anymore. Been a long time since that for me.
Posted on 1/6/16 at 11:12 am to danilo
quote:
Started right out of college 22 years old
Well this makes sense, so you started saving in 2009, when the market was at the bottom from the crisis.
Posted on 1/6/16 at 3:27 pm to barry
quote:
Well this makes sense, so you started saving in 2009, when the market was at the bottom from the crisis.
All those that were complaining back then about how hard it was to get a job are laughing now with their 10-20% annualized returns.
5% is a fricking jackpot since I've started slaving away.
This post was edited on 1/6/16 at 3:28 pm
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