Comments on: Saving Over $100k by 25 (with a 5-Figure Salary)

By: Kathryn E.

Kathryn E. — Thu, 19 Apr 2018 18:51:43 +0000

In reply to Chris Peach. I think it is worth highlighting that a big reason these young professionals were successful in saving 100,000 before 25 (i.e. 3-4 years out of college) is that they focused their education on skills that would provide employment that paid $50,000-$75,000 out of college. A person with a salary of $35,000-$45,000 would have a difficult time saving $100,000 in three years given it would require an incredible amount of their income be deferred as savings. If you are looking for this level of financial success early, there needs to be a focus on maximizing your income potential by receiving an education in a well-paying field or industry.

By: Chris Peach

Chris Peach — Fri, 22 Sep 2017 22:20:08 +0000

In reply to Joseph. That is a good question! I hadn't thought about that exact situation to be honest! I'll have to do some looking to see what I can find out.

By: Joseph

Joseph — Thu, 21 Sep 2017 21:45:14 +0000

Regarding Gwen, who wants to retire at 35:
Should she start pulling her money out of the stock market, and investing more like a 55- or 57-year-old? It’s hard for me to wrap my head around this question, because on one hand, she’s theoretically closer to retirement than most people her age, and so she should be putting more of her wealth in safer (though lower-yielding) assets. On the other hand, she actually is quite young, and (at least some of) that money is going to have to last a lot longer than if she were close to a traditional retirement age. So that pile of cash is going to be subject to many more years of inflation, and will likely need the higher yields of riskier investments.

By: Chris Peach

Chris Peach — Fri, 28 Jul 2017 21:59:16 +0000

In reply to Jen Rodriguez. Thanks for letting me know. I will take that into consideration and see if I can find a guest that fits that bill. :)

By: Jen Rodriguez

Jen Rodriguez — Fri, 28 Jul 2017 21:06:57 +0000

This sounds great, but I would be more impressed if the people you interviewed were able to save that much money with an income of $35,000-$45,000. Most people are not lucky to land a $75,000 salary before 25.