Quote:
Originally Posted by vash
@25 and asking the question; you're already ahead of the curve. Well done.
If I could start over at 25, I'd probably dip my toe in like Aigel stated. By a place first. And put into the 401K. At least what your company will match.
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Yep, with the mindset that you are showing at your young age, you shouldn't have any problem saving enough for a very active, and rewarding retirement. You are so far ahead of the way most people treat saving for retirement, that you may be able to think about an early exit from the workforce.
I too, started at a young age, but was only able to just get the matching 3% with a slowly growing profile until a few years back when I cranked my 401K up to 20% plus the matching 3%. It is now growing by leaps, and bounds with another 13 years till retiremnet.
I have so many friends that are living for the day, and spending every dime they earn on toys for today, not a life for tomorrow. A good co-worker friend (45 years old) who also drives a brand new Silverado, and a new Hraley, is also building a new house that will be done a month or so. He was saying that he should probably start thinking about getting into the 401K in a company that he has been working for 22 years ! This is not being responsible to his wife, or his family, and sets him up for having to work longer than he wishes to try to maintain his lifestyle.