5 ms·
I'm with you 100%. Although, in terms of planning ahead, you might want to have a family or girlfriend/boyfriend in the future which will eat into your cash flo
by debt 13y ago
I'm with you 100%. Although, in terms of planning ahead, you might want to have a family or girlfriend/boyfriend in the future which will eat into your cash flow considerably. Also, you'll probably want nicer shit as time goes on. Living in a shitty apt in some crappy part of town loses it's novelty when you know you could easily, for a little bit more a month, get a better place.
Just something to plan for.
- Jtsummers 13y agoDepending on the area you live in, with a salary like that and that level of savings, you can own a house by your early to mid 30s. A decent house here can go for as low as $100k (middle Georgia). Lower if you're willing to accept older homes and the issues that usually entails (asbestos, will need more in upkeep costs earlier, 60s/70s stylings for the interior). A single professional can make in the upper 5 to low 6 figures. After retirement accounts, you can pay off that mortgage in 5-10 years. If you don't go for the ludicrous $500k homes (or higher) that we have around here, you can live nearly debt free (in this case a mortgage no worse than rent at the decent apartment complexes). And by your 30s be debt free (I was late getting into the job market after a failed attempt at grad school, so for me it'll be late 30s, but close enough).
- gknoy 13y agoReading things like this make me wish that 15-years-ago-me had thought about that, and been making that kind of money.