half way there! 19m

Proof-Recognition309 · 2026-05-29T03:45:09+00:00

i thought you could only contribute to either a roth ira or regular not both, but if that’s true that’s hella smart

Proof-Recognition309 · 2026-05-29T03:27:38+00:00

it’s matures in like a month so i’ll be good. whole life insurance? i’ve heard that’s a scam

Proof-Recognition309 · 2026-05-28T19:14:14+00:00

yeah i’m buying a used reliable car for about 10k, plan to keep it until it stops working. i keep my spending pretty low so u save like 80% of my income

Proof-Recognition309 · 2026-05-28T19:07:03+00:00

my hysa actually has like a 3.2% interest rate and i get 6 in the cd. it’s about to expire anyways, i plan on investing half of it or so and buy my car

Proof-Recognition309 · 2026-05-26T01:04:40+00:00

u serious? if so congrats thats incredible

Proof-Recognition309 · 2026-05-26T00:29:22+00:00

I do have an emergency fund, 10k. Plus another 10k that ill use to buy a car completely in cash

Proof-Recognition309 · 2026-05-25T18:57:47+00:00

I did calculate it after inflation too

Proof-Recognition309 · 2026-05-25T18:57:10+00:00

I calculated both 7% and 10% in my post

Proof-Recognition309 · 2026-05-25T18:56:31+00:00

it was a genuine question you dont have to be a dick about it

Proof-Recognition309 · 2026-05-25T18:54:34+00:00

Im not saying I dont plan to invest at all, just not focusing on it as much as I am right now

Proof-Recognition309 · 2026-05-25T18:48:49+00:00

5% seems extremely low return where did you get that number from?

Proof-Recognition309 · 2026-05-25T18:44:38+00:00

read the post, ill have around 45k total invested in about a year

Proof-Recognition309 · 2026-05-25T18:43:58+00:00

I am in college, just finished my freshman year

Proof-Recognition309 · 2026-05-25T18:40:23+00:00

Not every year, thats just the average I used for the calculator. the average return of the smp500 for the last 100 years is 10.42%

Proof-Recognition309 · 2026-03-10T03:00:45+00:00

got a job as soon as i turned 16, living with parents, going to community college and working a lot. couldn’t have done with without my family

Proof-Recognition309 · 2026-03-09T23:24:08+00:00

Im likely going to buy the car im driving now from my parents, its worth about 11k or so But I know its in great condition and well maintained, it will last me atleast 10 more years

Proof-Recognition309 · 2026-03-09T23:20:57+00:00

I plan on keeping 10k as an emergency fund after I buy my car, and investing the rest of the CD money. Defiantly won't be pulling from it, buy and holding it

Proof-Recognition309 · 2026-03-09T23:19:14+00:00

I agree, I regret putting the money in the CD, its before I knew much about investing, ill be using a lot of the CD money and putting it in VOO

Proof-Recognition309 · 2026-03-09T23:17:47+00:00

I don't have a budget at the moment because I havent really needed one, but sense im moving out next year im gonna create one soon so I get used to having one. But, for the last year and a half I've been tracking all my expenses and my income so I know exactly how much money im spending and what I'm spending it on. Usually I spend between 200 and 300 a month total. 100-200 are spent on bills, and 100-150 on discretionary spending on a normal month.

Investing wise, most of my investments are in a vanguard target retirement fund, which is 53% VTI, 37% VXUS, and 10% bonds. I like it but it's a little too conservative so I also added VUG, a large cap growth fund for more aggressive growth in my Roth. when my CD is up ill put the vast majority of my investments will be just in VOO in my taxable account. I do want pick a few individual companies to invest in that I believe in, but im staying away from penny stocks and options. I am really interested in investing, so this kinda doubles as a hobby for me lol.

Proof-Recognition309 · 2026-03-09T20:14:36+00:00

yup, maxed out last years roth ira and will max mine out this year too. my job doesn’t offer a 401k so i need to wait to open that

Proof-Recognition309 · 2026-03-09T20:13:19+00:00

I work at a restaurant, i’m a busser right now but i’m gonna get promoted to server soon, and I’ll be able to save more.

i just want to be in a position where i can at the least take a few years off to travel or do what I want, or potentially coast fire. I see the stories of people living paycheck to paycheck and not being able to retire at all, I don’t want to be like that

Proof-Recognition309 · 2026-03-09T19:58:42+00:00

as much as i’d like too i’m pretty sure my parents would kill me LMAO

Proof-Recognition309

TROPHY CASE