UPDATE: Hey guys! 10 months ago I made a post about crossing 300K and another 18 months ago about crossing 250K.
I credit a lot of this to my older siblings and parents teaching me how to save and invest when I was younger - especially one of my older brothers who had the discipline to save every dollar he made for an entire year to buy a car!
Please hit me with any questions or advice - I love to respond in the comments!
Life Changes Since the Last Update:
I got out of the Military successfully, locked down a scholarship, and just finished my first year at a great MBA program in the Northeast. I'm finally back closer to my family!
I also found my significant other! I met her at orientation! It was a bit of a slow burn romance over the first few months of school, doing homework together, getting takeout as 'payback' for helping me with tough problems, but by Halloween I ask her to be my girlfriend and she said yes! We've been going steady every since and are planning a nice trip this summer after we finish our internships!
I got an internship with a major consulting firm, I know they're going to work me hard this summer in the PowerPoint Mines, but I plan to make a good impression, get that return offer, and absolutely cruise through my second year of MBA!
Common Questions and Answers from last update
NW Breakdown:
18.3K Cash
10.6K Checking
7.7K Savings
My Scholarship pays a monthly stipend which has kept me from touching my savings/investments throughout the year. I've cut my expenses down and created a cash reserve right before I left the military to risk mitigate losing my primary income.
382.6K Investments
150.3K Brokerage
139.5K 401K
92.8K Roth IRA
I was a bonehead this year with my IRA! I added funds in January, but didn't actually buy shares of SPY until April!
0.2K Debt
My Current Credit Card Balance
My Job: I was a U.S. Military Officer stationed outside the Contiguous, United States, now I'm an unemployed hippie BUM (MBA Student)
My Investment Mix: I am 100% allocated in stocks - 45% S&P500, 50% NASDAQ, and 5% individual stocks.
Future Plans: Last time I wrote this I said "I want to do well at B-School and pursue a Consulting role at McKinsey/Bain/BCG, find a wife, and live/work somewhere in the Northeast!" I've made it back to the Northeast, I did well in consulting recruiting, and found a serious relationship; going forward I want to lock down my return offer this summer, and then insure that the MBAs coming after me get the same high quality mentorship that I received - **and chill out a LOT more.**