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re: What amount do you save per month?
Posted on 3/2/24 at 7:52 pm to Drizzt
Posted on 3/2/24 at 7:52 pm to Drizzt
I would like a lot more flexibility in my work schedule whenever possible. What you are describing is exactly why I am big on the financial independence objective. My general target is $5M investable assets much of which will need to be in taxable brokerage.
0
Posted on 3/3/24 at 2:06 am to HeartAttackTiger
I have way too much in savings as it is so I aim to put at least $5K per month in my brokerage account. Between maxing my 401K at work and consistently contributing to my brokerage I figure I’m doing ok.
Posted on 3/3/24 at 2:39 am to Drizzt
quote:
I don’t want to regret not enjoying life.
Amen brother. That’s what living life should be all about. I’ve seen too many people have their lives cut short. I’m in Spain now on day 2 of a 31-day European trip.
“Get busy living or get busy dying.”
Posted on 3/3/24 at 6:43 am to HeartAttackTiger
10% of take home. It is automatic. It is usually for a purpose like a down payment or a planned larger cash purchase but I keep it going even when we don't have something planned. It's really easy when you are use to not seeing the money.
Posted on 3/3/24 at 9:17 pm to armsdealer
quote:
10% of take home. It is automatic.
mine was 55% 10 years ago. prolly around 60% plus now from my salary only. this is not counting any dividends or rental income or trading income.
This post was edited on 3/3/24 at 9:23 pm
Posted on 3/4/24 at 7:26 am to Fat Bastard
Interesting.
Are you just forever accumulating or when do you intend to turn on the real spending?
Are you just forever accumulating or when do you intend to turn on the real spending?
Posted on 3/6/24 at 11:27 am to LSUcam7
quote:
Interesting.
Are you just forever accumulating or when do you intend to turn on the real spending?
I'd like to know the answer to this as well.
Posted on 3/6/24 at 12:31 pm to HeartAttackTiger
Ours varies from month to month, there are so many factors at play. We put aside 15-20% a year into retirement accounts, some money each month into 529s, and I'm not exactly sure what percentage we put aside per month into just regular savings.
There are some months where we put a lot in because there isn't much going on, no big purchases or travel and there are some months we don't put in any. We have a good amount in savings so we're doing ok in that regard I suppose.
There are some months where we put a lot in because there isn't much going on, no big purchases or travel and there are some months we don't put in any. We have a good amount in savings so we're doing ok in that regard I suppose.
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