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re: How is my financial state at 26? Thanks for the input.
Posted on 2/15/14 at 5:26 pm to Epic Cajun
Posted on 2/15/14 at 5:26 pm to Epic Cajun
quote:
ETA: people with a bachelor's degree who are between 25-34 average a little less than 45k salary, therefore he is about 10% above average, while still being on the low end of experience in that age range.
Link?
1
Posted on 2/15/14 at 10:09 pm to HurricaneDunc
Posted on 2/15/14 at 11:06 pm to Oenophile Brah
quote:
It isn't.
Many college "educated" 26 yr olds don't even have jobs.
I would say your assumption is off significantly.
The OP is off to a solid start
Wasn't trying to discount the OP's financial state at all. Like I mentioned, he's doing better than 95% of my friends at a similar age. Just curious if his salary was average for folks our age.
Posted on 2/16/14 at 4:11 am to cwill
quote:
Why? Terrible advice. Don't buy a house until you get married and maybe not until you have kids.
Please educate us all on that blanket statement.
Posted on 2/16/14 at 7:44 am to FootballNostradamus
I think it all depends on the field and degree OP has.
Or if he's a plant operator.
I think for an average graduate working IN their field with their degree (ie. not an Art degree working as a Barista), he's probably slightly above average. If he has a technical/science degree, it's probably closer to average.
Or if he's a plant operator.
I think for an average graduate working IN their field with their degree (ie. not an Art degree working as a Barista), he's probably slightly above average. If he has a technical/science degree, it's probably closer to average.
Posted on 2/16/14 at 9:02 am to LSUtigerME
You are doing great. Pay off the car and get your 401k at 15%.
Posted on 2/16/14 at 10:44 am to Herb484
The very fact that you have no revolving debt and are an active saver at 26 puts you way ahead of the curve. I would suggest that you consider opening your ROTH IRA asap. You can invest 5,500 a year which will become a substantial tax free retirement vehicle but the contributions can be withdrawn at any time without penalty (please avoid the temptation). I would also suggest that you at least consider a home purchase. With interest rates at extremely low levels and the inherent tax advantages of home ownership, it's a no-brainer.
Congrats on getting the jump on your peers, you will be miles ahead of them in your 40's and 50's.
Congrats on getting the jump on your peers, you will be miles ahead of them in your 40's and 50's.
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