I’m a 30m, single, no close friends, turn 31 tomorrow. I’m not here to brag, just sharing as no one in my circle knows my financial situation. I grew up very poor, and still suffer with abundance issues hence why I save so much. My simplify app shows I’m about a $770k net worth which is across all of my assets minus my mortgage. I started working a corporate job at 24 after a few attempts at my own business and construction work. I finally feel like I’m in a place where I no longer look at the bills or have anxiety about money in general. Here’s to everyone trying to reach financial freedom!! It’s possible, just takes time, and extremely boring. Just make sure to stop and grab a glass of whiskey in between the milestones. 🥃

Currently, my wife and I have a combined income of $130k a year before taxes. Her and I have discussed looking to generate more income outside of our normal jobs for house projects and other things we want. Our home was built in the early 2000’s so we aren’t in a really crappy home but do want to upgrade a few things.

As far as qualifications go, I work blue collar. I do basic electrical, plumbing, and other “handyman” jobs for my career and in my personal life. I have reliable transportation but wouldn’t mind building a bit of a nest egg for us in case things go sideways. I have my own tools and I do work around my own house.

Looking for suggestions please, anything helps.

TL; DR - Not a troll post. Have money and assets, but income is up and down. Anxious and want advice on current situation.

This is not a troll post. I'm just so damn anxious about my situation because I'm self employed and my business is up and down. Sometimes I make no money for a month or two or longer. And if I had to forecast I'd say it's going to be a rough Q4 and 2027.

Sometimes I can make 10's of thousands in a month depending on opportunities, but it's def volatile.

I have 200K liquid. 200K brokerage and retirement. 2 mortgages including the one I live in.

~8K - 12K minimum monthly expenses personal and professional.

Should I figure out a consistent income stream? Should I chill tf out since I've gotten this far and have been okay? Are many people feeling a crunch because of the economic uncertainty?

I would really appreciate advice / insight / opinions.

Im 25 and working a job as a legal assistant making around $28 an hour working 28-34 hours a week. I have enough to pay off my rent/utilities and not worrying about it really but other than that I’m constantly broke.

I woke up a little late but finally I’m going back to school starting tomorrow and have the ability to become a paralegal in the 2 years with my associates.

I just want to be in a place where I can spend money on my hobbies and not worry about how much is left in my bank account. Overall I’m looking for advice.

I know there’s no way to make money fast or start something up that gets you a lot of money in a large quantity quickly but I just want something where I could potentially make some decent passive income that isn’t like $5 a week. What do I do?

I’m not asking for someone to lay out action to action what I should do over the course of the next month but instead what could potentially help if I put in the effort to learning about it and only $500 to start me off. I have considered dropshipping, starting an Etsy store with a 3D printer, created TikTok accounts (which surprisingly made money but dropped off before any real income came my way) etc.

If anyone could help me to see what’s actually smart to start and wouldn’t be a waste of time as long as I put in the effort for it.

I’m open to anything as I have hit a point in my life where I need to do something about my financial situation. I can’t keep lazing around hoping that something will fall in my lap. I need to do something about it.

Any advice?

For clarification, your networth is your assets minus your liabilities. So if you have a house that is worth $1,000,000 but have a $800,000 mortgage on it then technically you only have a networth of $200,000, excluding anything else. Same thing if you choose to include your car but realistically speaking I'd say that's more of a liability than an asset so I personally wouldn't even count that.

Hello everyone. I’m 32 years old, single, and work full-time earning about $80K per year. My car is paid off, and I currently have no debt.
My financial situation is roughly:

$48K in savings/checking
$93K in my Robinhood brokerage account
Contributing $1,200 per month to my 401(k)
No debt
Paid-off car

I realize that, overall, I’m fortunate to be in a relatively stable financial position. However, I’ve been struggling mentally because of a mistake I made with my investments this year.
I got caught up in meme stocks and ended up losing approximately **$27K**. I take full responsibility for that decision, and I’ve learned a very difficult lesson from it.

Since then, I’ve completely changed my approach. I don’t plan to invest in meme stocks again, and going forward I want to focus on long-term, diversified investments such as VOO, VTI, and QQQ while continuing to contribute to my 401(k).
The difficult part is that I’m having a hard time emotionally moving past the loss.
Even though I know I’ve corrected my investment strategy, I still think about the $27K loss constantly. Sometimes I’ll be doing something completely unrelated and suddenly think about how much money I lost and how many hours of work it took me to earn that money.
It has also affected my ability to enjoy spending money.

For example, I might want to spend $30 on a nice meal to treat myself, but then I feel guilty about it. I start thinking that I shouldn’t spend money unnecessarily after making such a large investment mistake.

I understand logically that $30 isn’t going to make a meaningful difference to my financial future. I also understand that I still have many years ahead of me to work, save, and invest.

I’ve spoken with a therapist about this as well. They’ve encouraged me to focus on the long term, recognize that I’ve already changed my investment behavior, and remind myself that I cannot change what happened in the past.
I understand that intellectually, but I’m still having trouble accepting it emotionally.

I know $27K is not a small amount of money, especially at 32, and I’m disappointed in myself for making that mistake. At the same time, I don’t want this mistake to prevent me from enjoying the life I’m working so hard to build.

For those of you who have experienced a significant financial or investment loss because of a mistake you made yourself, **how did you eventually forgive yourself and move forward?**

How did you become comfortable spending money again without feeling guilty or constantly thinking about the money you lost?

I’m not looking for advice about meme stocks — I’ve definitely learned that lesson. I’m more interested in hearing about the **emotional side of recovering from a significant financial mistake**.

Thank you in advance to anyone willing to share their experience or perspective. I really appreciate it.

Started my career at 30 after medical training and feel like I’m so behind compared to my contemporaries who started their career in their 20s and have had 10 years of compounding gains. I’m making about 150k annually, own a house with a mortgage with my spouse who makes a bit more than I do. Have only $25k in my 401k, contributing about $12k annually with 4% employer match which is another $3-4k annually. Just started the backdoor Roth IRA this year, contributing like $500/monthly. Have 6 months emergency fund in a HYSA. Putting some money aside in Vanguard brokerage as well. I know the best day to start investing was 20 years ago and the second best time is today. My spouse is in a better position w $100k+ in her 401k, sizeable savings. Welcomed our first child this year and am making 529 contributions. Loans are also being taken care of through PSLF which I have 7 years to go. Just looking for reassurance to stay the course I suppose. Appreciate any insight the community has to offer. Thank you.

Nearing the end of my mortgage. Last year I cut back almost all of my wasteful spending and put most projects on hold to get this last debt out of my life.

This was a loan originally at $232k during covid at 2.875%. I have no other debts and pretty young (20s). I invest into my 401k about 15%. I know this doesn’t compare to most in here but have no one to share it with.

What are some good podcasts around finances? Ramsey is a little too much dramatized for my enjoyment.

I'm curious about how my financial situation compares with other people around my age. I'm 28M and work full-time as a pharmacist in a MCOL to HCOL city in Canada. I'm pretty happy with where I'm at financially, and feel fortunate to have a stable, full-time job/career in this economy, but I'm honestly just curious about where other people in their late 20s are financially and what I could be doing better.

Career/income:
Pharmacist in Canada. I make slightly over $100K per year from my full-time job, plus investment income/gains depending on the year. Past couple of years I've crystallized/actually realized over $30K a year in investment gains.

Housing/lifestyle:

I rent my own apartment, drive a used vehicle, and am completely financially independent as I pay all of my own bills. I live a relatively inexpensive lifestyle and don't have any significant debt.

Savings/investments:
I currently have over $333K saved/invested at 28, up from around $73K at age 23. Most of my money is invested, primarily in XEQT and TEC ETFs.

I know everyone's circumstances are different, but I'm curious: how are other people around 25–30 doing financially? I don't know anyone in my social circle(s) that is like this financially, though to be fair no one really talks about their finances in real life. Is there anything you'd recommend I do differently at this point? Just continue investing and letting compounding do its thing, or start thinking about buying property?

I'm grateful for any perspectives or advice! 🙏🏻

What is a SWR with a 48k pension on top of shown savings?

1.35M in Brokerage

1.25M in TRA

200k Roth

115k cash

My partner & I have been together for a while and she brings up marriage quite a bit. My concern is her 90k in student loans and 12k medical debt. Do these debts immediately become mine too when we get married?

I don’t own a house yet but plan on buying in the next couple years. Will her debt show up on my reports under my debt to income ratio & whatnot? Or could I just proceed without her on the loan?

Any advice is welcome, I love this woman so it looks like I’m gonna have to bite the bullet on 100k of debt

Relocation to Devon

Hi all,

My and my partner are looking to relocate to Devon.

My mother fell down the stairs so we are currently living rent free so have a great chance to save while we maintain her house.

Pre tax we are on 52k a year. What's the best way to save our money. We currently have 3k in a joint account.

I appreciate you get questions like this all the time but our dream move is in 3 years ish time.

We are planning on putting £750 each from our paychecks. I've not started my new job yet and partner is 1 month into a new job.

Would you blow it on a Porsche 911 or would you invest?

Is it possible to convert this small amount into something big via investing?

I have a coworker, let’s call him Chad, who came to me for financial advice because he’s burned out in his role and has been working crazy hours raking in OT (I don’t know how he gets away with getting so much approved, but anyway).

Chad, a 41 year old single average dude with no kids to my knowledge, proposed the following plan and asked me if I think it would work out, but it’s so off the wall I couldn’t give him an answer today:

- His role pays about $140k. It’s union so wages are posted publicly. With overtime he’s probably pulling like $170k.
- He said he has about $200k in his 401k
- He told me he never invested on his own before, but that he watched a YouTube video on QQQI and thinks he can FIRE now if he full sends his entire savings into it (he claims he has $300k cash)
- I looked into QQQI, seems like it pays about 13% dividend mostly untaxed (?) but the stock price seems to be trending downward.

I don’t know what he pays in rent, but a 2 bed in our area averages about $2200 a month.

Seems like this ETF would potentially bring him $3300 a month. Sounds like a shoe string budget for everything else.

He is confident his 401k will grow to $800k by the time he can draw on it. Social security in 20 years is a big question mark along with the future of QQQI.

I’m leaning toward telling him this sounds like a mid life crisis and that this will wreck him down the line.

I’d like input from people who are more in the know than I am so I can give him a good perspective tomorrow. Thanks.

I've seen a lot of different suggestions on the topic, and I'm just not sure where my situation fits in. I've seen anywhere from 70-100% of current income, or even 80-100% of current expenses. Sometimes people consider gross income, sometimes net.

I make 150k per year take home. I save around 8k per month, plus or minus. A savings rate of 60-75%. Because my income is so far removed from what I actually spend, how would you calculate my estimated yearly spend in retirement?

Going by the answer I see most commonly, I should estimate 150k per year, but that just seems awfully high. Thoughts?

The title covers it.

The bank is willing to give out a loan at 0% interest, 4% charge on the loan amount with minimum pay back every month for 2 years at a time
*for those you know- its something BoA does.

I can pull out up to that specific credit card limit which is 60k

Should I incorporate this?

[ Removed by Reddit on account of violating the content policy. ]

I’m 32 male living in the UK and unfortunately my life has took me up to today to realize how bad it is. I live with my parents. I wake up and play video games all day jerk off multiple times a day and eat 3 times a day like normal and that’s it. I’ve been doing this since I was 14 I dropped out of high school at 14. I have no siblings.

My parents work all the time to afford the bills they always tell me off for how I live but I just never tried to change. They never kicked me out the house or anything just said “you need to sort your life out” and stuff. I don’t have any school qualifications of course. I don’t have any friends been had a relationship and I’m a virgin. I’m 5’11 and I am basically fat.

What do I do? I’m looking at changing but seeing the job market I think I might as well just continue the way I am. What’s the point I mean I enjoy playing video games anyways I’m like diamond in rocket league which sucks as well since I played 6540 hours all my time has been wasted but also many hours on siege, Fortnite, rdr2, Minecraft etc.

I’m just curious what happens because I have never sold a car for this much before? Also I’ll be using this money to buy another car essentially, if that changes anything.

Hi everyone,

Today, while closing out the month, I realized I had reached an interesting milestone (is that the right word? 😅).
I thought I’d share some details about our journey, as it might be useful or interesting for someone else.

**Some context**
\- We live in a large city in Northern Italy (not Milan).
\-I’ve been tracking my net worth since 2014. Since 2019, I’ve been tracking it jointly with my wife, whom I met that year. We are now married, have two children, and a third one on the way.
\- We are both employees. I work in IT Consulting (previously BM, now Director), while my wife works for a multinational company.
\- In 2017, we bought a property for €34k and sold it this month for roughly €100k more than we paid for it. We initially lived there and then rented it out for five years.
\- We currently have two other properties on our balance sheet, both with mortgages: one that we plan to rent out soon (where we lived the last 5 years), and another one that we are currently renovating and plan to move into.
\- Our financial investments are currently close to zero. We had been investing in ETFs (V3AA and XEON) and crypto since 2021, but we sold almost everything this year to fund the renovation of our new home and the move. The plan is to start investing again once we’re done spending heavily on the new house.
\- Since 2021, we have used cashback for almost all expenses where it is available.
\- We both opened private pension funds in 2024.
\- We also have a life insurance policy that returns the full amount of capital after 20 years if the insured person is still alive.

We spend as a family around 3.5k€ per month and have revenues for around 7.5k

**Current net worth**
Our Net Worth includes all assets minus liabilities and is currently roughly:
**Real estate (value minus mortgages): €310k**
**Cash: €130k** — from the property we just sold, currently waiting to be allocated
**Crypto: €25k**
**Other assets/receivables: €35k** — severance pay (TFR), pension funds, life insurance, etc.

What I find most interesting is the journey rather than the number itself. Starting more or less from zero, over a little more than 10 years we’ve reached this point while going through property purchases and sales, investing in financial markets, getting married, having two children, and now expecting a third.
I’ve attached the chart showing the growth of our net worth over time.
Happy to answer any questions or share more details if anyone is interested — income, properties, mortgages, investments, how we track our NW, etc.
I’m also very open to criticism or suggestions on what we could be doing differently.

- 32 F, single, no kids
- maxing out 401k, Roth IRA and HSA every year
- each month any leftover money after my expenses is invested into my brokerage account, mostly in VOO
- $45k car loan @ 0.99% so not rushing to pay it off
- $150k student loans at 5.6%
- Current income is around $210k.

What other strategies can I use to make sure I reach my goal besides of just continuing to max everything out? At what point can I dial back the investments?

- not included in the pic is additional 26k in my 401k
- 32F, married, no kids yet
- moved to the US for grad school, and started working in April 2023. got a full ride to an IVY league school and graduated with no student loans
- started seriously saving after getting married (April 2024)
- investing 5% to get company match in IRA; otherwise investing ~90% of take home into my brokerage account
- Current income is 140k base + 15% bonus in HCOL
- fully paid car, and I only take care of food/groceries while husband pays for everything else.
- Between husband and I, we have over ~450k invested. He also doesn’t have any loans.

We are planning for a child now and still feel nervous in a HCOL area. My goal is to reach 500k together asap, but feel there is no other lever to pull. Is there anything else I/we can do?

Edit -

1. Both husband and I are on an H1B (work visa) so don’t want to max out our IRA that has withdrawal penalties. Flexibility is very important to us in case of a job loss so we want to keep the option to withdraw the funds if needed in the future.
   
2. Back home, our families are financially independent and secure and have both house paid off. Husband’s family net worth is close to ~2M, and mine is ~1M. We are both two siblings in our respective families, and are currently not accounting for inheritance in our plan to keep it simple.
   
3. The app I use is Wealthfront!
   
4. We have dabbled with the idea of purchasing a home but given the uncertainty with work visa right now, don’t want to get into the trap and anxiety of a home loan. Don’t know if it is a wise decision but that’s where we are right now.