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Forum » Rate my financial situation/10
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Thread: Rate my financial situation/10

post 1697710523 02-11-2024, 01:31 PM
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#1
  1. Crazy_Desi
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  1. Crazy_Desi
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Rate my financial situation/10

Age: 37
Income: $165k remote
Savings: $150k
401k: $230k
Roth: $20k
HSA: 10k

No debt, no property

Thoughts?
post 1697710583 02-11-2024, 01:32 PM
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#2
  1. mchabs
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  1. mchabs
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you should poop on a midget
post 1697710603 02-11-2024, 01:33 PM
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#3
  1. tripod29
  1. tripod29
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Mid.

When you say 150k savings.....are these funds sitting in a typical savings account?
post 1697710613 02-11-2024, 01:33 PM
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#4
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By tripod29⏩
Mid.

When you say 150k savings.....are these funds sitting in a typical savings account?
High yield savings yes

Why mid? Isn't this good
post 1697710703 02-11-2024, 01:35 PM
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#5
  1. Issobolic28
  2. IG Taurus46ott
  1. Issobolic28
  2. IG Taurus46ott
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Good job beta *pats you on the head*
post 1697710843 02-11-2024, 01:38 PM
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#6
  1. tripod29
  1. tripod29
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Originally Posted By Crazy_Desi⏩
High yield savings yes

Why mid? Isn't this good
Take 6 months of expenses out of the 150 and put the rest to work bruh.
post 1697710943 02-11-2024, 01:39 PM
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#7
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By tripod29⏩
Take 6 months of expenses out of the 150 and put the rest to work bruh.
high yield savings is giving me 5%
post 1697711163 02-11-2024, 01:42 PM
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#8
  1. OGfrom06
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  1. OGfrom06
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Still a ******
post 1697711233 02-11-2024, 01:44 PM
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#9
  1. ChunkBuster
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  1. ChunkBuster
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No property?
post 1697711263 02-11-2024, 01:45 PM
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#10
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By ChunkBuster⏩
No property?
yea I'm a renter
post 1697711683 02-11-2024, 01:54 PM
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#11
  1. Visel
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$410k net worth by age 37. This puts you in the top 24% of USA for your age range. Decent, way above the median for your age, but a little shy of being the average (which takes into account millionaires so no sweat).

$165k remote is great in 2024. What matters more than that though is how much you're able to save.

I'd give you a B+, or a 8/10. Keep it up mang.
post 1697712493 02-11-2024, 02:13 PM
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#12
  1. BalognaNbeans
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  1. BalognaNbeans
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Buy property you goof
post 1697713003 02-11-2024, 02:24 PM
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#13
  1. Destor
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  1. Destor
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Why do you have $150k in savings and no property
post 1697713423 02-11-2024, 02:35 PM
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#14
  1. Bingo559
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  1. Bingo559
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lol, no-coiner
post 1697733473 02-11-2024, 09:55 PM
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#15
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By Visel⏩
$410k net worth by age 37. This puts you in the top 24% of USA for your age range. Decent, way above the median for your age, but a little shy of being the average (which takes into account millionaires so no sweat).

$165k remote is great in 2024. What matters more than that though is how much you're able to save.

I'd give you a B+, or a 8/10. Keep it up mang.
I am pocketing around $40-50k/year not including retirement/hsa/roth
post 1697733553 02-11-2024, 09:57 PM
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#16
  1. conics
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  1. conics
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Originally Posted By Crazy_Desi⏩
high yield savings is giving me 5%
Which hsa r u using

I’m thinking of putting mine in Millis bank it gives 5.5%
I don't check my CP, IDC about reps/negs


♥♥♥♥♥♥♥♥ RIP Zyzz, The Father Of Aesthetics. 1989 -2011. Forever in our hearts ♥♥♥♥♥♥♥♥
post 1697733683 02-11-2024, 10:02 PM
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#17
  1. EireGunner
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  1. EireGunner
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Originally Posted By Crazy_Desi⏩
High yield savings yes

Why mid? Isn't this good
If u wanted misc to congratulate u just say so instead of this masquerade pretending you want honest feedback
:)
post 1697733883 02-11-2024, 10:08 PM
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#18
  1. ALEXH-
  2. mastersofhardcore
  1. ALEXH-
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Age 38.

2 Twin Boys

Property worth 800k - owe - 350k (450k equity)

Savings - not much, 10k

Yearly income - 190k between myself and my partner.
P
post 1697733903 02-11-2024, 10:09 PM
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#19
  1. conics
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  1. conics
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Originally Posted By ALEXH-⏩
Age 38.

2 Twin Boys

Property worth 800k - owe - 350k (450k equity)

Savings - not much, 10k

Yearly income - 190k between myself and my partner.
How old r ur kids? What age did u marry

I’m gonna marry 36 at earliest
I don't check my CP, IDC about reps/negs


♥♥♥♥♥♥♥♥ RIP Zyzz, The Father Of Aesthetics. 1989 -2011. Forever in our hearts ♥♥♥♥♥♥♥♥
post 1697734023 02-11-2024, 10:16 PM
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#20
  1. Luc1fer
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Not great

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

█▓▒▒░░🧵Make trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 ░░▒▒▓█
post 1697734263 02-11-2024, 10:22 PM
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#21
  1. conics
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  1. conics
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Originally Posted By Luc1fer⏩
Not great

This u?

Age and income?
I don't check my CP, IDC about reps/negs


♥♥♥♥♥♥♥♥ RIP Zyzz, The Father Of Aesthetics. 1989 -2011. Forever in our hearts ♥♥♥♥♥♥♥♥
post 1697734403 02-11-2024, 10:25 PM
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#22
  1. swordplay76
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  1. swordplay76
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Sounds pretty good to me.

I'm poor tho. And I just turned 30.
5'10
post 1697734413 02-11-2024, 10:26 PM
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#23
  1. the700level
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  1. the700level
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What’s your after tax monthly income and monthly expenses?
- Disregard females, acquire real estate
- MAGA
- Fauci for prison
- Pureblood
post 1697734463 02-11-2024, 10:27 PM
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#24
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By Luc1fer⏩
Not great

see this is why I wanted to ask. it's easy to say I'm doing great when I'm comparing myself to bums, but compared to other people who are college educated (I'm assuming you are), I'm not doing too well
Originally Posted By EireGunner⏩
If u wanted misc to congratulate u just say so instead of this masquerade pretending you want honest feedback
go play in traffic incel
post 1697734493 02-11-2024, 10:27 PM
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#25
  1. digital022
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Roth IRA seems a little low. I'd recommend making the max contribution of $6,500 yearly.
Your schtick sucks and it screams insecurity.
post 1697734573 02-11-2024, 10:30 PM
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#26
  1. AlwaysFocus
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Rentcel = keep paying my mortgage
post 1697734623 02-11-2024, 10:31 PM
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#27
  1. jafomofo
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not great, would be ok if you had substantial equity in a home on top of it but you are looking at 3x your savings to get a modest home or rent for life.
"I'm not like most girls." -most girls
post 1697735093 02-11-2024, 10:48 PM
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#28
  1. Crazy_Desi
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  1. Crazy_Desi
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Originally Posted By jafomofo⏩
not great, would be ok if you had substantial equity in a home on top of it but you are looking at 3x your savings to get a modest home or rent for life.
what if it was $800k at 40? still bad? thats my projection if I'm still single then

anyways is your assessment based on misc standards or real life?
post 1697735183 02-11-2024, 10:52 PM
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#29
  1. sf813
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Originally Posted By Crazy_Desi⏩
what if it was $800k at 40? still bad? thats my projection if I'm still single then

anyways is your assessment based on misc standards or real life?
How do you plan to add $400K to your net worth in 3 years?
post 1697735223 02-11-2024, 10:54 PM
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#30
  1. Visel
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Originally Posted By jafomofo⏩
not great, would be ok if you had substantial equity in a home on top of it but you are looking at 3x your savings to get a modest home or rent for life.
IDK, seems a little too pessimistic for me, srs. There's some nice houses in Texas, New Mexico, Florida, that OP could buy in about 2 years in full with cash. And I'm not talking 2/2 1300 sqft 1960s unrenovated dumps. I'm talking 4/3 2000 sqft built within the last 5-10 years and a nice pool or deck, master bathroom, a fenced in yard. Unless we get another real estate spike akin to what happened during COVID within the next 2 years. Right now he could sign on for a mortgage and just kill all of that debt with all of his upcoming savings in less than 3 years.
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