I’m 42 years old and have no kids. In 2014, my net worth was negative $35,000 (student loan debt). I was hired at my current company at $65,000 (bonuses were around $20,000 to $25,000 though). I joined this community a few years ago and it’s been a life changer with so much info I’d never been taught before. I now make $150,000 with a 10-15% annual bonus. I take home $3500 every two weeks.
My mortgage has a balance of $283,000 (3.0% interest), estimated value based upon current home sales in the area is about $590,000.
I max out my 401k (current balance after this shitty market is $265,000). I have also maxed out my IRA the last few years (current balance $22,000, low for my age I know). I have $95,000 in my investment account and I put $300 into that account every week. I add $250 into my savings account every week. This is mainly so money is constantly leaving my main checking account and is a mental trick I use, if the money isn’t in my checking, it’s not available to spend. I only ever spend from the checking account. All other accounts, besides my general savings for unexpected large bills, never get touched.
I have $63,000 in a 2.75% apy savings account ($20,000 of that is earmarked for home improvement projects), $7000 in a regular savings account. My partner and I have $5500 in a joint savings account that we both add to monthly to use for fun things (concerts, nights out, vacations).
There is no other debt, cars are paid off and in good shape and I’m not financing any home improvements or planning to.
Despite everything listed above, I’m terrified that I’m doing something horribly wrong and overlooking some key elements.
Any advice would be greatly appreciated. And I know this all sounds kinda douchey considering how many people are struggling financially right now. I feel extremely lucky to be in the position I’m in.
Submitted November 14, 2022 at 01:44AM by Lshizzie https://ift.tt/gb4XpDJ
