Here is the spreadsheet with all the details(explaination for each category below):
I only started tracking my finances since June but here is the breakdown for the given spreadsheet's each category
Income
Salary: I work a entry lvl white collar job making $33hr+OT
Yield: Interests+Dividends (all of my passive income basically)
Oher: Scholarship money + FAFSA mostly (Im currently studying CS)
Expense
Rent: I live in SF with a roommate
Food: All prepared at home and brought from Costco
Need: Haircut,Bills and just things that are needed and I wont regret spending on category
Want: Money spent knowingly that I will regret in the future
Net: Income-Expense
Invested
Stocks/Etfs: How much I invested in that month
Crypto: Same as above
Debt: This is money I owe to my parents, They hold all their savings in bank account so I convinced them to give me some portion of it to invest which I will have to pay them back in future without paying any interest
Investments: Monthly track of total assets and liquid
Assets in Each Equity: My top assests (the rest are individual stocks)
The common question will be how do you have such high networth at this age but I started working part time since I was 14 under the table and invested all into Bitcoin and VOO starting then and my expenses were $0 until March of this yr so basically I invested every dollar
I plan to retire with $1.5M ($1M in tdys money but this is 10+ yrs later so adjusting for inflation) in the nxt 10-15 yrs at foreign country where I'd want my mo expenses to be under $4k with a family and kids. Estimating 8% annual return for my given portfolio (conservative estimate) do you think this is feasible, Am I going too risky based on assets choice?
Any advice/comments greatly appreciated
19M $170K Networth & Asset Distribution (DETAILED) GTFIH
byu/Humble_Government239 infinancialindependence
Posted by Humble_Government239
1 Comment
I’d get rid of the bitcoin personally, but any other suggestions are putting the cart ahead of the horse. Your life has no where near started. Focus on getting your income up and advancing, and the rest will follow.