As the title says, I have accumulated ~$1M liquid at the age of 27. I understand that this is ultimately not enough to live off of long term, but what would you guys do at this point? Ultimate goal is to be an entrepreneur, but I am in no rush.
Would you stay in industry and continue to save and invest? Go for it now? Move to abroad for a while? Travel?
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I would rinse and repeat a few more times you made that fairly quick.
How
Savings from job put into $TQQQ/$SOXL dips and holding
You got your tax bill yet?
bro knows the way. bought SOXL at $8
I’m 30 and sitting on ~$1.3mm. I’m still doing the same job but thinking on this a lot. One thing to remember is the market could go down -30% and you would be thinking very differently if you altogether left. I would use it as a way to put your job into context—can you stress less knowing that if you’re job went away you’d be fine. My thought is to build a slightly bigger buffer before making a total life change. Realistically you’d be fine if you stopped today and didn’t save another dollar but I’d prefer to have more cushion.
What number do you think you want to get to? I'm similar age/NW
My man you can not be posting about your net worth like this on the RE forum. It makes the legions of analysts, associates, and VPs that got rug pulled in 2022 want to blow their shit smooth off.
All about the HODL
Buddy thank you for advocating for people like me
Username checks out 👍
Buy a house, get married, start a family.
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