3 ms·
You seem to have a pretty small nest-egg considering the number of years you've worked and the amount that you make. I'd suggest that, given what I assume to b
by smoyer 9y ago
You seem to have a pretty small nest-egg considering the number of years you've worked and the amount that you make. I'd suggest that, given what I assume to be your spending habits (and it's just an assumption), that you really can't afford to not be working anyway. If I were you, I'd practice minimizing what I'm spending per month before I even thought about what else to do. Being independently wealthy is a continuum - many people could stop working if they were willing to minimize their spending dramatically.
- throwaway82729 9y agoI've been employed for 13 years and I started with a low-paying job ($35k). I had to pay off some loans in the early part of my career and didn't save much for the first 6 years. After that, I bought my house which ate into my savings. The house is currently worth $500k more than what I paid for it. Currently, I try to save at least $4k per month. I drive a cheap car (pay $134) per month and have no other debts other than my mortgage. The only thing we splurge on is food and even with that, we don't spend more than $15/person when we go out.
- smoyer 9y agoAh ... so it wasn't an average of $450k over those years. Sorry I misread your situation. Unfortunately, I don't know of anything that can help you with your H1B problem in the US. There are exceptions in other countries that are more desperate for certain types of professionals.
- maxwin 9y agoSince you said your family has some health problems. I suggest that you find a way to continue to work and save for at least 2 years .
- sheepmullet 9y ago> Currently, I try to save at least $4k per month Is that excluding stock and bonus? When I was on a similar wage I was saving $12k/month.