Bit of an update from a post I made in this subreddit just under 2 years ago about hitting 20k- https://www.reddit.com/r/financialindependence/s/Vt9aYYVvP3
I finally hit the number everyone says is the hardest to get, my first 100k! Very proud of myself, I’m only 23 so I have a lot of time for compound interest to work its magic in the market. I have worked 6 days a week these past 2 years at 2 separate jobs, sometimes 12 hour days to get to this point. My plan with this 100k is to invest it in something stable and safe long term and just act like it doesn’t exist. The next 6 months will be used saving money to travel the world next year. I plan on backpacking Europe for a few months and then another trip to Africa, Egypt, Thailand, Japan, and Australia. Being as frugal as I have been has taken a lot of discipline, but has taught me valuable lessons that I will carry with me through my life. The ability to appreciate the little things in life along with the discipline I’ve gained is more valuable to me than the money.
Took some pto to celebrate this weekend with friends and then it’s right back to work! Thank you guys for the words of encouragement on my last post it definitely helped keep me going : )
Finally hit 100K in savings at 23 in just under 3 years!
byu/Redditor999420 infinancialindependence
Posted by Redditor999420
1 Comment
First and foremost, congrats young fella. Don’t stop investing though, you’re going to be a millionaire before you know it.
as for something safe-ish given you have your whole life ahead of you. My vote goes to VOO and get rich slow