HornedToad10
Recycles dryer sheets
- Joined
- Oct 6, 2007
- Messages
- 82
Hello,
I don't normally do introduction posts but for this site it seemed applicable.
I'm 25, male and live in Southern California
I have a Master's in Computer Science from UCSB after deciding that a PhD wasn't really what I wanted to do and is just too time-consuming. Now I am contemplating going to night school to get an MBA to go along with the masters. My company would pay $10k/year but it would be a time commitment and I'm not sure if I'll be at the same job for the next 3 years. Thoughts on this, and how much an MBA would help me? And what kind of career path that would direct me too.
I've been working for my company for about 4.5 months so far. As for early retirement, I don't have any specific timeline; too far away to really know. I would like to be earlier than 65, but main priority is FI and buying a house that I will like.
Here's the financial information for critique:
Base Salary: 63k
Company 401k match: Effectively 10% (if I put in 5%, which is what I am doing)
Bonus: Maximum of 10%, I've heard it's pretty regular to get some bonus. So I am guessing 5-8%, but will see when/if it happens.
Emergency Fund: $1700 (working my way to $5000)
Taxable: $4500 (ind. small cap stocks)
Roth IRA: $8200 (ind. small cap stocks)
Vanguard Roth IRA: $3500 (Emerging markets)
Roth 401k(1/3 is Roth, 2/3 is company match so non-Roth): $3000
40% international, 40% large, 10% REIT, 10% Mid
ESPP: $3000
- Saving for engagement ring fund until end of cycle, then next ESPP will be to fund Roth IRA 2008. Make minimum 15% profit every 6 months on the max I can put in (15% of my salary)
Debts:
$3500 student loan - will be paid off beginning of Dec. when they start charging me interest
$4400 interest free loan: paying close to minimum payment on it
Asset:
2005 Honda Civic: 30k miles Phenomenal gas mileage...=)
Net Worth (including estimate of $9k for car): $24,500
Savings/4 weeks:
Roth 401k: $242
Company Match: $480
ESPP: $720
Taxable: $700-750
Thanks for reading, looking forward to reading your comments. I've been doing a ton of financial/investment reading and have especially enjoyed reading this site.
HornedToad
I don't normally do introduction posts but for this site it seemed applicable.
I'm 25, male and live in Southern California
I have a Master's in Computer Science from UCSB after deciding that a PhD wasn't really what I wanted to do and is just too time-consuming. Now I am contemplating going to night school to get an MBA to go along with the masters. My company would pay $10k/year but it would be a time commitment and I'm not sure if I'll be at the same job for the next 3 years. Thoughts on this, and how much an MBA would help me? And what kind of career path that would direct me too.
I've been working for my company for about 4.5 months so far. As for early retirement, I don't have any specific timeline; too far away to really know. I would like to be earlier than 65, but main priority is FI and buying a house that I will like.
Here's the financial information for critique:
Base Salary: 63k
Company 401k match: Effectively 10% (if I put in 5%, which is what I am doing)
Bonus: Maximum of 10%, I've heard it's pretty regular to get some bonus. So I am guessing 5-8%, but will see when/if it happens.
Emergency Fund: $1700 (working my way to $5000)
Taxable: $4500 (ind. small cap stocks)
Roth IRA: $8200 (ind. small cap stocks)
Vanguard Roth IRA: $3500 (Emerging markets)
Roth 401k(1/3 is Roth, 2/3 is company match so non-Roth): $3000
40% international, 40% large, 10% REIT, 10% Mid
ESPP: $3000
- Saving for engagement ring fund until end of cycle, then next ESPP will be to fund Roth IRA 2008. Make minimum 15% profit every 6 months on the max I can put in (15% of my salary)
Debts:
$3500 student loan - will be paid off beginning of Dec. when they start charging me interest
$4400 interest free loan: paying close to minimum payment on it
Asset:
2005 Honda Civic: 30k miles Phenomenal gas mileage...=)
Net Worth (including estimate of $9k for car): $24,500
Savings/4 weeks:
Roth 401k: $242
Company Match: $480
ESPP: $720
Taxable: $700-750
Thanks for reading, looking forward to reading your comments. I've been doing a ton of financial/investment reading and have especially enjoyed reading this site.
HornedToad