Comments on: $100,000 by Age 30 http://myfinancialjourney.com/archive/100000-by-age-30 Sun, 03 Jul 2011 02:33:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MFJ http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-126633 MFJ Wed, 01 Sep 2010 22:08:43 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-126633 @Neil - I made it and actually my investments have been holding up really well. Thanks for the comment. @Neil – I made it and actually my investments have been holding up really well. Thanks for the comment.

]]> By: Neil Hampshire http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-126632 Neil Hampshire Wed, 01 Sep 2010 22:02:12 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-126632 Now that it is 2010, I wonder if your 401k has been hammered and I wonder how close you are to your 100K journey. I want to let you know that at the age of 34, PUMAR made it being a security guard working for less than 14.00 an hour and working overtime. It took him 3 years. Now that it is 2010, I wonder if your 401k has been hammered and I wonder how close you are to your 100K journey. I want to let you know that at the age of 34, PUMAR made it being a security guard working for less than 14.00 an hour and working overtime. It took him 3 years.

]]> By: DP http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-26559 DP Thu, 06 Sep 2007 18:10:45 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-26559 If you live in a high income tax State or a city (such as NYC, for example), consider traditional 401K. If you retire in Florida, you will not pay State taxes and thus save 11 - 12% State / City income taxes you would pay on Roth 401K. Don't know your situation, but Roth 401K is not always better than Traditional one. And of course, keep in mind, 2007 Roth IRA contribution limits are $4,000 per person and 401K (traditinal or Roth) $15,500. Good luck with your goal. Looks like you will get there. If you live in a high income tax State or a city (such as NYC, for example), consider traditional 401K. If you retire in Florida, you will not pay State taxes and thus save 11 – 12% State / City income taxes you would pay on Roth 401K. Don’t know your situation, but Roth 401K is not always better than Traditional one. And of course, keep in mind, 2007 Roth IRA contribution limits are $4,000 per person and 401K (traditinal or Roth) $15,500. Good luck with your goal. Looks like you will get there.

]]> By: My Financial Journey » Another Financial Goal: My very own full court basketball court http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-19140 My Financial Journey » Another Financial Goal: My very own full court basketball court Fri, 29 Jun 2007 12:00:24 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-19140 [...] you follow my blog you know I have a goal of having $100,000 in principal put away by the time I reach 30, I have also talked about how I would like to make $100,000 per year by the time I reach 30, [...] [...] you follow my blog you know I have a goal of having $100,000 in principal put away by the time I reach 30, I have also talked about how I would like to make $100,000 per year by the time I reach 30, [...]

]]> By: My Financial Journey » When I think I want to retire http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-6715 My Financial Journey » When I think I want to retire Wed, 18 Apr 2007 12:16:32 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-6715 [...] take a quick stab at the question myself. As you may or may not know I have a goal to have put away $100,000 in principal by the time I reach age 30. I’ve been making pretty good pace with that goal and I see myself reaching it, but it really [...] [...] take a quick stab at the question myself. As you may or may not know I have a goal to have put away $100,000 in principal by the time I reach age 30. I’ve been making pretty good pace with that goal and I see myself reaching it, but it really [...]

]]> By: R.G http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-2707 R.G Mon, 26 Mar 2007 04:30:10 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-2707 Hi, Congratulations on your financial planning achievements. I didn't start my 401k until age 27. From ages 23-27 I had a high income (for my age) of 70-110K p/yr potential. With the down trend lately in the auto industry I suffered about a 15K p/yr loss in income. Now at age 30 I only have about 10K in my 401 and I just got my wife to start one. I work with a guy who is 26 and has about 50K in his 401 already. I also work with guys who are in their 50's and have no money to their name. Good luck, I am sure you will have a good future. Hi,

Congratulations on your financial planning achievements. I didn’t start my 401k until age 27. From ages 23-27 I had a high income (for my age) of 70-110K p/yr potential. With the down trend lately in the auto industry I suffered about a 15K p/yr loss in income. Now at age 30 I only have about 10K in my 401 and I just got my wife to start one. I work with a guy who is 26 and has about 50K in his 401 already. I also work with guys who are in their 50′s and have no money to their name. Good luck, I am sure you will have a good future.

]]> By: My Financial Journey » Ask the readers - How do you come up with that magical retirement number? http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-1063 My Financial Journey » Ask the readers - How do you come up with that magical retirement number? Thu, 15 Mar 2007 13:05:54 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-1063 [...] thing I’ve taken a little slack for is right now my only public goal is that I want to have $100,000 in principal deposited by the time I reach age 30. This is a good goal and has been pretty popular with many of my [...] [...] thing I’ve taken a little slack for is right now my only public goal is that I want to have $100,000 in principal deposited by the time I reach age 30. This is a good goal and has been pretty popular with many of my [...]

]]> By: My Financial Journey http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-13 My Financial Journey Wed, 29 Nov 2006 20:49:50 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-13 All I did to get from 91 to 100 was increase the percentages...in fact right below the last chart is a list of changes I had to make. Realistically raises should help me out a little bit each year, but I didn't want to count on something that was out of my control. All I did to get from 91 to 100 was increase the percentages…in fact right below the last chart is a list of changes I had to make.

Realistically raises should help me out a little bit each year, but I didn’t want to count on something that was out of my control.

]]> By: Living http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-12 Living Wed, 29 Nov 2006 20:43:12 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-12 What can you do to make up the difference from saving $91k to $100k in principal? I'm just dying here, because we're just getting started as well and I'm making stretch goals for next year in my head. What can you do to make up the difference from saving $91k to $100k in principal? I’m just dying here, because we’re just getting started as well and I’m making stretch goals for next year in my head.

]]> By: My Financial Journey http://myfinancialjourney.com/archive/100000-by-age-30/comment-page-1#comment-11 My Financial Journey Wed, 23 Aug 2006 16:24:59 +0000 http://www.myfinancialjourney.survivingkids.com/archive/100000-by-age-30#comment-11 Well you can see a pretty good breakdown, including what I make per year here http://www.myfinancialjourney.com/index.php/archive/what-percentage-of-your-income-to-do-you-live-on/ I don't have a formal budget, but my wife and I have very simliar mindset on spending money and are pretty good about only putting money towards things we really need or truly will enjoy. At same time we have a new house, she drives a somewhat newer car 99 Accord, and we still get out and do things. It's just eliminating all the small useless expenses from our lifestyle that allows us to live like we do. Well you can see a pretty good breakdown, including what I make per year here

http://www.myfinancialjourney.com/index.php/archive/what-percentage-of-your-income-to-do-you-live-on/

I don’t have a formal budget, but my wife and I have very simliar mindset on spending money and are pretty good about only putting money towards things we really need or truly will enjoy. At same time we have a new house, she drives a somewhat newer car 99 Accord, and we still get out and do things. It’s just eliminating all the small useless expenses from our lifestyle that allows us to live like we do.

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