200k Invested milestone
Hey y’all,
This is my 2nd ever post on the sub. I’m 10% of the way to my fire number. 2 years ago when I was 25, I hit my first 100k invested. Figured I would update it again. I’m 27 now and I’m at 200k+ milestone invested now. You will notice the huge cash position as I am trying to build up a down payment for a home.
Asset breakdown:
401k: 113k
HSA: 17k
Roth: 61k
Brokerage: 13k
Cash: 30k
Car: 20k ish not really counting as an asset. 2022 SUV that I bought used with 25k miles on it.
Gas prices hurt right now but I think I will drive this to the ground before even buying anything else.
Lessons learned so far from 25->27
Quit trying to pick stocks lol this is so hard. I bought some Saas stocks and you know how it is right now. I have about 4% of my 401k in this. Used to be 7%.
Even if I do pick stocks make sure it’s the mag7 or something with that type of a moat.
Life is just getting more expensive as I have gotten older. I do notice that and I am not stressed about it so far. I’m in a pretty good position right now with a decent job, cash pile and healthy. Some AI fears but I don’t believe it will be something that will replace me, more like an helpful tool to use on the job for the next 5-10 years.
Cars aren’t worth it. As long as it’s reliable it’s enough.
Always have insurance for everything. Car, health, term life. Seen too many examples of people getting screwed fast.
Having real skills is something that will always be useful. Especially when I’m young. I will continue to learn and improve my skills/knowledge in my field. Getting these promotions will greatly increase my timeline to fire and improve the quality of my life in this slow grind to 2m invested.
Continue to max out my tax advantage accounts much as possible without having to sacrifice my quality or life or worrying about money. Just automatically let this happen in the background. I fell slightly behind on maxing out the 401k past two years and didn’t bother to max out the HSA.