To live at home and rack up savings or not

Hi Guys, I am a first year consultant in NYC looking for some advice. I make $80k base + $8K signing + bonus.

I have been living at home for the past 6 months and am considering living here until August. I am a consultant in NYC and traveled from August-October. My current project is in NYC until June.

Background: Was going to move into the city with IB friends, but they couldn't commute and I didn't want to shell out the cash for rent when I wasn't even sure I would live there (prob a mistake). Their lease is up in August as well as some other friends leases. I have the opportunity to move into NYC with a friends friend this January.

I love the summers/winters where I live i.e. surf/ski, golf, beach, etc. and have calculated my after tax earnings including investments to be $90k. Starting in January, I would change my current holdings as follows;

Cryptos 50% - current rate of return ~ 190% 401k 20% Savings 20% - current rate of return ~25% Cash 10%

I understand this sounds kind of crazy, but I also think it could be a terrific opportunity. - Whether you are bearish or bullish, the money people are making here is absurd. The amount of money I wanted to save this year has been doubled in 6 months from cryptos.

Things to keep in mind

1) I really really really love late spring/summer where I live haha 2) Even if I don't make the returns some people dream about, I still won't have to worry about saving as much as I do now. 3) August is 230ish days away and my parents can get annoying like anyone else's.

I understand past returns are not indicative of future earnings. Is this not something to at least think about?

Worst case scenario: I lose all my cryptos and have 20% of my salary going to 401k Best case scenario: I get to surf and worry less about savings

You miss 100% of the shots you don't take. -Wane Gretzky -Michael Scott

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