I'm 25 with a modest net worth of 134k. Being in the Bay Area the idea of owning a home is growing dimmer. With my savings/investment rate of 30k a year + however I feel I could potentially hit 1M by 40 and semi retire (work only 40 hours a week) which would allow me to return to college.
These are my assets:
36k Cash
66.somethingk Taxable Brokerage
18.somethingk Roth IRA
13.somethingk TSP
Would this be a wise idea? I've been flirting with the prospect of not needing to work that hard ever again and since the idea of me ever owning a home is preposterous at this point and the fact my family needs me to care for them it looks tempting.
I made about 58k last year from OT and will probably hit over 60k this year. My pay maxes out at around 60k adjusting with inflation in 11.8 or so more years with OT almost 110k.
Submitted March 26, 2017 at 09:58AM by BourgeoisieLite http://ift.tt/2ojBU3I
