(29M) 100k in 401k in 3.5 years
Sitting in the office today, I had to step outside for a walk and reflect on this milestone. Not here to brag, but to share an accomplishment that is a huge goal for many. If you had told me 3.5 years ago when I started my job that I'd reach $100k solely in my 401k, I wouldn't have believed you.
As of now, I contribute 11% (plus a 5% company match). I'm thinking of reducing it slightly given my cost of living is very high (NYC).
For those who are starting earlier than me or later, as cliché as it sounds, consistency is key. I come from a background where a parent lied, stole, and cheated me out of money. I pushed myself to learn anything I could about finances at 18. I've made the mistakes any first-time investor does. Don't compare, just start. Cheers to the future.
Stats:
- 29M | VHCOL
Total NW before DebtEdit Total NW: $211,684 (Roughly 180k in investments, 60k liquid in savings and HYSA)- Debt: $28k (Student Loans ranging from 3.85% - 4.45% interest rate)
- Career: Tech Sales & Co-Owner of a Media Production Company