As we move into 2020, I'm (26M) starting to question if my focus of savings is in the right direction or not. For reference, I have zero debt other than a house mortgage, and getting a raise recently got me thinking about how I've been saving the past few years.
- Salary of $230k/annually
-- $10k emergency cash fund (high yield savings account)
- $25k in misc stocks
- Investments: I personally do not believe in a 401k and instead decided to go with putting money in Betterment. (FWIW I do not have an employer match for 401k, in which case I would rethink starting a 401k). I add roughly $1500/month to this account which has a current total of just over $70k.
Is there anything out of place with my savings plan? Could I be redirecting some of my money elsewhere from what I've stated above?
Submitted January 02, 2020 at 06:41PM by pyr0b0y1881 https://ift.tt/2QFILV3
