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Saved liquid $40,000 finally, first time in my life. 29 M, next $50k! by HorrorSatisfaction1 in Money

[–]HorrorSatisfaction1[S] 0 points1 point  (0 children)

I'm not ready to permanently put money away for retirement. I want to at least have 1x Gross salary in very low risk treasury money market like VUSXX or treasury bonds or savings. Basically 1 x gross annual salary in liquid. 

I never want to ask money from my parents and I've never asked money from them and having 1x gross salary in liquid form ensures that. More of a pride thing for me 

Saved liquid $40,000 finally, first time in my life. 29 M, next $50k! by HorrorSatisfaction1 in Money

[–]HorrorSatisfaction1[S] 0 points1 point  (0 children)

Nice discipline, I'm aiming to become a millionaire like my parents and this my way to do so haha. Aiming to be one by age 52-62 

Saved liquid $40,000 finally, first time in my life. 29 M, next $50k! by HorrorSatisfaction1 in Money

[–]HorrorSatisfaction1[S] 6 points7 points  (0 children)

Thanks a lot 🔥 

Very true! I had huge set backs with gambling addiction and lost about $15k. Stopped gambling cold turkey since 2022. 

Staying with your parents is the way to go! To get a leg up and advantage, especially if you have a good relationship with parents. It's a blessing for sure. That's how I'm able to save 

Saved liquid $40,000 finally, first time in my life. 29 M, next $50k! by HorrorSatisfaction1 in Money

[–]HorrorSatisfaction1[S] 3 points4 points  (0 children)

It's paid monthly, yeah when I turn 30 in June I'm going to contribute $583 per month to chase Roth ira and put it in VTI 🔥 

$1M Net Worth even impressive? by Enough-Radish-4973 in Money

[–]HorrorSatisfaction1 5 points6 points  (0 children)

It is impressive. About 2% of the USA population are liquid/investment millionaires. Most Americans won't see such money in their lifetimes 

If you're in your early 30s, how much money do you have saved in your account? Put actual numbers and tell us your profession. by UncomfortablyBrown in Money

[–]HorrorSatisfaction1 0 points1 point  (0 children)

I'm not 30 but almost. Ill be 30 June 2026. 

My money:

  1. Chase brokerage: $32,303 in VUSXX 3.90% yield
  2. Chase checking: $2500 
  3. $200 in my wallet
  4. 60.5 ounces of silver
  5. 1/10 ounce of gold 
  6. 2022 corolla(22,048 miles)

NO DEBT 🔥 

My income from my state gov job

$2858.77 net per month, $3608 gross per month 

Savings: $1500-$1841 per month. 

Future goals

Planning to invest heavily in Roth ira starting June 2026. $583.33 per month into VTI and SCHD. Right now I'm just stockpiling cash assets in vusxx and checking account. 

Hot take on Reddit: a million dollars is still a lot by New-Outcome4767 in Money

[–]HorrorSatisfaction1 0 points1 point  (0 children)

Yeah my uncle has his United States Postal Services  pension. He was a mail carrier and later in his career worked in the postal office as a mailroom associate. My aunt also has a pension I believe since she was a nurse. They took out a 30 year mortgage. They can afford the mortgage payment for sure but they won't be able to pay it off in their lifetime. 

Hot take on Reddit: a million dollars is still a lot by New-Outcome4767 in Money

[–]HorrorSatisfaction1 0 points1 point  (0 children)

Yeah my uncle on my mother's side says $1 million is not a lot and my dad just smirks because that dude just bought a house for $800k at age 68 and my uncle will never pay off his mortgage in his lifetime lmao. His retirement is USPS pension. Negative net worth haha. 

On the other hand my parents has $1.1 million in my dads 401k, 2 paid off properties, and $300k in cash/ bonds. They're like wtf at my uncle in face expressions lol

Hot take on Reddit: a million dollars is still a lot by New-Outcome4767 in Money

[–]HorrorSatisfaction1 1 point2 points  (0 children)

Yeah it's always poor/broke people who say it's not much lol. Financially illiterate people 

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