- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Financial Goals and Milestones
Posted on 6/17/13 at 10:25 pm to geauxtigers003
Posted on 6/17/13 at 10:25 pm to geauxtigers003
What type of job did you start off with? Seems like you started off at at least $70k along with the wife or a combined $150k. Typical college grads do not start out with that high of a salary. You had to have family help with no student loan or car debt. Unless you didn't go to college or had a scholarship.
This post was edited on 6/17/13 at 10:29 pm
1
Posted on 6/18/13 at 7:15 am to geauxtigers003
How much is your combined income?
Posted on 6/18/13 at 10:02 am to wegotdatwood
We both finished college at 21-22 yrs old
Age 22-28 $110,000 combined income
Last yr $115,000
This yr will be close to $150,000
So this year will be the first where we are making pretty
Good money.
No student loan debt. In sales just lived off base and any
Bonus or comission put into saving. Paid cash for vehicles
Age 22-28 $110,000 combined income
Last yr $115,000
This yr will be close to $150,000
So this year will be the first where we are making pretty
Good money.
No student loan debt. In sales just lived off base and any
Bonus or comission put into saving. Paid cash for vehicles
Posted on 6/18/13 at 10:05 am to geauxtigers003
quote:i would say last year you were making pretty good money
So this year will be the first where we are making pretty
Good money.
Posted on 6/18/13 at 10:26 am to jimbeam
Yeah, 115 is good. If my wife worked in a hospital she would make 15k more a year. Sucks she hates working in hospitals so much.
Posted on 6/18/13 at 11:49 am to 1860pissed
My goal is to have a comfortable "take this job and shove it" account by the time I'm 50.
I am trying to save roughly 16-18% of my gross. I got a nice raise this year but unfortunately new added health care costs and a new car note aren't leaving much left for savings.
I'm absolutely furious that I'm going to end up having to travel for the holidays again this year to see family. That's going to cost a good bit, and it's in an area I wanted to cut significantly this year. I'm still going to try to avoid it.
Trying to play better defense....but right now I can't seem to save anything over 17% until my wife starts earning more money. Last year I saved around 19%.
I am trying to save roughly 16-18% of my gross. I got a nice raise this year but unfortunately new added health care costs and a new car note aren't leaving much left for savings.
I'm absolutely furious that I'm going to end up having to travel for the holidays again this year to see family. That's going to cost a good bit, and it's in an area I wanted to cut significantly this year. I'm still going to try to avoid it.
Trying to play better defense....but right now I can't seem to save anything over 17% until my wife starts earning more money. Last year I saved around 19%.
This post was edited on 6/18/13 at 2:39 pm
Posted on 6/18/13 at 12:11 pm to dewster
Right now I'm 25 and wife is 24. Net worth of about $95,000. Bringing in about $150,000 year. Own a rent house bringing in $800/m with a total payment of $550/m. Plan is to buy at least 2 rental properties per year for the next 15 years and hopefully have enough passive income by 40 to work when I please. We save 30% of Gross Income.
This post was edited on 6/18/13 at 12:12 pm
Posted on 6/18/13 at 12:36 pm to theoldwiseone33
quote:
Right now I'm 25 and wife is 24. Net worth of about $95,000. Bringing in about $150,000 year. Own a rent house bringing in $800/m with a total payment of $550/m. Plan is to buy at least 2 rental properties per year for the next 15 years and hopefully have enough passive income by 40 to work when I please. We save 30% of Gross Income.
Doing quite well. There is no doubt that being married without kids is when you can really rack up the savings. I could save over 50k a year if I was married and she worked a job making something even close to me.
Graduate school will be a major setback for me...probably adding 100k in liabilities is a lot to work off. I should see a significant pay raise exiting school though.
Once I find a city to live in permanently, I plan on taking the passive income approach.
Sometime when I am 25, I'll have a net worth around 50k. Not worried about finances...this is something I am quite frugal about and I have the right kind of money management know-how (although I am risk averse).
Getting married and not having kids could escalate the net worth quite quickly if I can find a gal
MBA exit salary around 110k and it only goes up from there...
Posted on 6/18/13 at 7:33 pm to lynxcat
quote:
Sometime when I am 25
punks
Posted on 6/18/13 at 7:39 pm to AUtigerNOLA
I did copier sales for 6 years now I am in oilfield sales. Wife graduated bsat from Lsu and did It mgmt
Posted on 6/18/13 at 7:46 pm to Fat Bastard
quote:
Sometime when I am 25
punks
Not going to complain about being young
I say 'sometime' because I have no clue how bonuses will work out and how much I will be able to save once I move.
Posted on 6/18/13 at 8:29 pm to lynxcat
quote:
Not going to complain about being young
Actually I am very glad to see youngsters here with good heads on their shoulders who will be successful.
Posted on 6/18/13 at 10:07 pm to lynxcat
quote:
lynxcat
1. Get married before going back to school
2. Have her support you
3. ??????
4. Profit
I don't have any hard set financial goals other than maxing out my 401k every year and then maxing a Roth after that if possible. My company matches 40% of what I put in all the way up to the max(a free 7-8k/year) so I feel that I can't pass up a free 40% return. At this point, I rather do that than begin saving cash for a house or any outside investments.
I also recently moved to NYC so I don't own a car nor will I be looking to purchase a home here. Other than exorbitant rent, my expenses are very low so I probably save 25-30% of salary and then around 75% of bonuses. If I can keep this up for another 5-7 years before having kids, I feel that I'll be able to live comfortably.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News