CABVOL
MOLON LABE
- Joined
- Mar 22, 2007
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My yearly expenses total around 18k a year. I don’t do much that I don’t want to, I’m just a home body. I’ll buy a video game every couple of months and that’s basically the entirety of my leisure spending.
I’m 25, essentially fresh out of college, making ~30k trying to find my career path so I haven’t invested much. Just general savings. I hope I find a career I want to settle in with relatively soon, but I’m currently back at a restaurant I served at in college while I’m looking for work from home opportunities. My girlfriend is off for her masters in a year, and I have no clue where we’ll be living since she hasn’t picked her school. So work from home is pretty much a must at this juncture.
Sorry, weird tangent on my life situation right now lol. But basically- yeah live below your means. It’s hard for some, but I manage it well.
Right now, if you can manage to invest 1-2k a year, put it in Total Stockmarket Index Fund through Vanguard (some of the lowest fees available), you will be a well-off individual by the time you retire. (Based on the history of the stock market, your money will double about every 7 years). Obviously, as you can afford, you can invest more.
Also at your age, I’d invest at a 80/20 (stocks/bonds) ratio.