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I don't think the OP is literally saying he has no money worries, it's just a figure of speech I think, and it's great he's in this shape. Only thing I'd say is at his age, put 20% down, get a fixed rate mortgage, plan on paying that off in 15 years, put the rest of his cash in low cost stock index funds, work hard for 20 more years, then he'll literally have no money worries at that time.
Location: Formerly Pleasanton Ca, now in Marietta Ga
10,351 posts, read 8,569,440 times
Reputation: 16698
Quote:
Originally Posted by JustMike77
Meh, you're only 36. You'll learn. When I was your age I thought 150 grand was all the money in the world. Now you need more than that just to buy a 911 turbo. And BTW, where can you go through grad school for 20 grand ?
It doesn’t take an economist to understand inflation. My salary, savings,and investments escalate over time faster
And it doesn't take a doctor to diagnose and treat chronic disease....right? (inside joke on his prior posts) I suggest you consider getting a fee for service financial advisor to present options to you regarding buying a home and retirement and other investments.
I know, you risk your health, why not risk your money by relying 200% on google...but consider it.
Let’s change the topic to....how much money in cash/personal investments do you have saved up? Divide by two if you’re married and subtract your debt. GO!
Let’s change the topic to....how much money in cash/personal investments do you have saved up? Divide by two if you’re married and subtract your debt. GO!
Not into bragging and I am not going to get too specific on this forum, but suffice it to say I am less than twice your age OP and have about 6 times your assets saved. No debt, no dependents. House is free and clear and is worth about twice your current savings. I generally live under my monthly income.
Last edited by Parnassia; 08-10-2018 at 12:45 AM..
Not into bragging and I am not going to get too specific on this forum, but suffice it to say I am less than twice your age OP and have about 6 times your assets saved. No debt, no dependents. House is free and clear and is worth about twice your current savings. I generally live under my monthly income.
I didn't say assets or post my assets. I posted cash/personal investments. Your claim is impossible at that age ($900,000 at 17 or younger) unless you are a trust fund baby or lottery winner, and why would you have a house at less than 17. You obviously made this up or arent' good with numbers. Show me the math.
Not into bragging and I am not going to get too specific on this forum, but suffice it to say I am less than twice your age OP and have about 6 times your assets saved. No debt, no dependents. House is free and clear and is worth about twice your current savings. I generally live under my monthly income.
Quote:
Originally Posted by Berteau
I didn't say assets or post my assets. I posted cash/personal investments. Your claim is impossible at that age ($900,000 at 17 or younger) unless you are a trust fund baby or lottery winner, and why would you have a house at less than 17. Something is off here. Show me the math.
Hey financial genius, try multiplying by 2 not dividing.
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