I'll start with some background info. I'm 23 years old, 0 debt, $70,000 in savings, and have a $65,000 annual salary. I just started a job that has a 40% 401k match so I was planning on maxing that.
I was planning on improving my career skills + salary by job hopping but the job I got out of graduation is at a very well established company that treats me well. I'm able to work remotely which means "from home" to most, but I think I would be able to pull off traveling and working at the same time.
I've never really lived outside of my parents house, (Went to a commuter college), but don't think that the amount of money I currently make will allow me to live comfortably and do things like max my 401k.
Financially, I feel like the best thing to do is continue living at my parents. After a year, I'm hoping my salary will be closer to 90k. I think I can feel okay traveling + working at that point or moving out. I was planning to do that for about a year, then come back and buy a place that I could also rent out.
But, I guess I'm not really too happy with life right now, mooching off my parents makes me feel like I'm a kid, and maybe it is just some angsty 20 year old thing, but I feel like I sort of need my own independence. I'm not sure if traveling will really help but I think it is a good mid-step between full independence and I think it may help me enjoy social activities more.
I feel like I have so many options that it's a bit overwhelming and I will just fall back on the easy/comfortable thing to do.
So I guess there's a couple of questions here:
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What should I do with my money? Is 401k + save till I buy a place to maybe rent out a decent financial plan? Is there one better?
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Has anyone else here been in a similar situation? What did you end up doing?
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What do I do from here? Is this life from now on? Work?
Submitted January 02, 2018 at 07:49AM by Tasogoro http://ift.tt/2CDBTjA
