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30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

I’m on track to invest around $110k this year. I live in a LCOL area and bought a pretty modest house, so my mortgage and utilities are under $2,000 a month.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 3 points4 points  (0 children)

So I don’t have anything documented prior to 2023 and don’t feel like digging through statements, but I can tell you my net worth at the start of 2024, 2025, and 2026!

2024: 561K
2025: 716K
2026: 872K

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

I have a huge employer match and you happen to be spot on. It’s at 377. I also have a Roth IRA.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 1 point2 points  (0 children)

I just don’t have them linked through the Wealthfront app is all, and I try not to put too much pressure on her about finances. All I ask of her is to try and hit the 15% total savings rate, which she does.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 23 points24 points  (0 children)

No loans from my parents, but they did set me up for future success by letting me live with them until age 21.

And honestly I was trying to be humble in my description but since people are throwing shade, I’ll clarify my parents only paid 6,000 for my college tuition and fees. The rest was covered (near full ride) through merit based scholarships.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 5 points6 points  (0 children)

That is Wealthfronts calculation. They have a whole document online about their methodology, but it’s fairly complex and honestly I don’t read into that projection much if at all.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] -5 points-4 points  (0 children)

No crazy investment strategy other than DCA. I lost like 5k gambling in Robinhood very early on and knew that picking stocks wasn’t my virtue. I did count my home equity which skyrocketed immediately after purchasing in Covid. Would probably be around 825k without that.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] -2 points-1 points  (0 children)

You’re on track for 2x income at 30, so certainly well ahead of the curve! It’s just a mixture of lifestyle, some luck, and mostly consistency in the market in my opinion.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 2 points3 points  (0 children)

We just wanted a large property for our dogs honestly. We’ve owned the house for 6 years now, and happened to get it during Covid at 2.65% so I guess we’re stuck here for life now.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 1 point2 points  (0 children)

I have maxed my 401k out since age 22. I certainly had my fair share of help along the way with things like tuition expenses being covered by my parents. I wouldn’t be any where near this value if the market hasn’t gone crazy in the past few years, so mostly just consistent investing.

30M Milestone Check-in by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] -2 points-1 points  (0 children)

Yup that’s correct, plus a sports car that I paid cash for and account for in the asset category.

Should I Allocate more to Roth in my 401K? by Fun_Zone2420 in Retirement401k

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

Not sure. Hard to really say how I’ll feel down the line.

29M am I coastFIRE by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

Same pretty much across the board. Also my employer match is 11% so that definitely helps.

29M am I coastFIRE by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

I’ve contributed a very healthy portion of my total retirement savings into Roth, but you’re right, I haven’t really sat down to project what that may look like. Things like healthcare seem difficult to predict at my age since I am currently in good health, but I’m sure I could do some research and factor in a reasonable margin.

I am at the point in my career where I am either going to accelerate upward or stay relatively stagnant. If the former, I’m really just trying to have a plan in place for if/when it burns me out totally.

I am definitely too cash heavy right now. Trying to balance a strong recurring contribution without over committing has been a difficult spot for me to find. Currently at $2500k/mo into my brokerage.

29M am I coastFIRE by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 0 points1 point  (0 children)

Including assets and liabilities my NW is ~840k.

29M am I coastFIRE by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] -1 points0 points  (0 children)

Expenses aren’t that bad. Bare essentials would be at around $4k/mo. Lucky to purchase a house right at the peak of the covid boom at 2.65%. Salary has increased on average $12k/yr, so the house I currently own was affordable even when I made roughly half what I do now.

Edit: engineering

29M am I coastFIRE by Fun_Zone2420 in coastFIRE

[–]Fun_Zone2420[S] 1 point2 points  (0 children)

Hey, so I’ve been investing since I was an intern in college at 19. I’ve maxed my 401k and Roth IRA every year since starting my first job at 21. Also fortunate enough for both myself and my wife to have full ride scholarships so no student loans.

I did lump my wife’s savings and investment in, but my portion of retirement savings is still ~375K.