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The Money Mustache Community
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Quarter Century Update!
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Topic: Quarter Century Update! (Read 3072 times)
Guizmo
Bristles
Posts: 272
Quarter Century Update!
«
on:
July 21, 2014, 02:29:47 PM »
Hi all!
I recently turned 25 and wanted to share what I've accomplished so far!
Assets:
1 Bd Rental Condo: $50k
Cash value of pension: $3.5k
401k: $1k
Roth IRA: $6.5k
Savings for downpayment: $12k
Liabilities:
Credit Card at 0% : 2k
I got paid about $35k at my job. Just recently got a raise to around $42k. I paid off my condo earlier in the year and clear about $500 a month after all bills. I currently live with my parents to save for a downpayment on a rental property I want to buy next year.
My goal is to get to 30 with $150k in retirement accounts and have 2 more rentals. Thank you all for the sharing your badassity and making me realize that I can be pretty badass too!
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pdxcyn
5 O'Clock Shadow
Posts: 48
Re: Quarter Century Update!
«
Reply #1 on:
July 21, 2014, 06:31:02 PM »
Very impressive accomplishments for your age! Congrats!
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ReadyAimFired
5 O'Clock Shadow
Posts: 23
Re: Quarter Century Update!
«
Reply #2 on:
July 22, 2014, 06:28:04 PM »
Guizmo, that is quite impressive. I am sure that you are well ahead of your peers in not only your thinking but your attitude. Great Job!!!! I have not doubt you will reach your goal.
RAF
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Gone Fishing
Magnum Stache
Posts: 2925
So Close went fishing on April 1, 2016
Re: Quarter Century Update!
«
Reply #3 on:
July 23, 2014, 05:59:10 AM »
Pretty close to where I was at your age. You are certainly on the right track. In a few more years, once compounding really starts to take hold, your assets will grow faster than you ever could have imagined!
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EarlyRetirementGuy
Stubble
Posts: 133
Re: Quarter Century Update!
«
Reply #4 on:
July 24, 2014, 05:02:40 AM »
Well done! You're in almost the exact same position as I was at 25 a couple of years ago.
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arebelspy
Administrator
Senior Mustachian
Posts: 28444
Age: -997
Location: Seattle, WA
Re: Quarter Century Update!
«
Reply #5 on:
August 13, 2014, 10:55:25 AM »
Nice. That's a great start, and it'll begin to snowball faster and faster from here! :)
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I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me,
this Business Insider profile
tells the story pretty well.
I (rarely) blog at
AdventuringAlong.com
. Check out the
Now page
to see what I'm up to currently.
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Quarter Century Update!