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re: Money in savings at different ages

Posted on 6/2/15 at 3:29 pm to
Posted by Salmon
On the trails
Member since Feb 2008
83650 posts
Posted on 6/2/15 at 3:29 pm to
quote:

25 year old making $30,000 = $37,500 goal


Posted by STLhog
Nashville, TN
Member since Jan 2015
17729 posts
Posted on 6/2/15 at 3:34 pm to
I'm 26 and didn't start working until 24 because of a master's. I've got about 25k, 10 in a roth, 10 in current 401 and 5 liquid. I feel pretty good about it.

It could be a lot better than that but I have debt from school and my parents haven't helped me with jack shite.

I don't plan on having kids until 32-34 and I expect my salary to double by that age so I'm not too worried about it. I pay a lot on loans/month but also have a very healthy amount of fun. I'll start saving more as my salaries/bonus increase and I pay off loans/car.

Just develop a specific plan and stick with it. Focus on that plan rather than worrying about yourself and others.

A lot of people are saving to pass shite onto their kids who become little shits. I wasn't one of those and don't want to have one of those.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17729 posts
Posted on 6/2/15 at 3:36 pm to
quote:

25 year old making $30,000 = $37,500 goal


LOL. That is MAYBE .01% of the population. And they probably started with 10-20 from mom and dad or whoever.
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