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/biz/ - Business & Finance

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51531432 No.51531432 [Reply] [Original]

Hey /biz/

Opening my options here to financial management.

26 Floridian chad
salary is 63500 annual
mortgage is $1500 and no other debt
roughly 18-19k in savings and retirement
I was an idiot as a kid. Stopped doing drugs, got a degree and am 3 years into my profession.

I've worked hard to change my life around and want to help secure a comfy future. What should I do to retire by 35?

>> No.51531448

>>51531432
Recommend looking into kneepads, the bottom is in and you can go far if you know what you're doing.

>> No.51533942

>>51531448
oh

>> No.51534569

>>51531432
Max out your 401k contribution each year, hopefully your company matches. Start a Roth and max it out too. Go for aggressive profiles for both. You're young enough to absorb any downside. Learn to cook. Only go out once a week so you don't die of boredom but every other meal should be homemade. Don't buy a new truck. Find a 10 year old one and drive it into the ground.

>> No.51535240

>>51534569
My company matches 50% for the first 6% of my compensation and they will only vest 25% for the first year since I just started.

As for everything else, thanks anon.