First of all, this is an amazing place. I found this community shortly after the Early Retirement Seed was planted in my brain about a month ago. I spent a while lurking and learned quite a bit, including how open and truly committed many people on this board are to helping faceless people across the nation/world realize their financial goals.
I am a 22 year old college senior from Minnesota. After my Feb. rent check goes through, Ill have just under $ 3,000 in savings. I am employed in an organic foods store stocking produce (a great job by the way) where work ~25-30 hours a week and make about $ 1,000 a month after taxes.
I am a very frugal person. I have NEVER driven, much less owned a car. I buy my clothes at Goodwill on sale days and bring home TONS of food from work for free, which cuts my groceries bill by ~80%. I do pay for a phone, but am planning on ditching the plan when it expires. My Achilles heel is weed, which I pay little for. I justify it by being very cheap with everything else.
EVen though I am graduating from a small, prestigious liberal arts college with a Political Science degree, they gave my broke family enough money for me to graduate with $ 12,000 in loans. I will start making payments in June.
Preliminary ER plans:
Open 401(k) in April with my work. They will match up to 4% of my income, which I plan to meet. I would also like to dump some money in an IRA right away, and to continue putting in as much money as possible monthly. I plan to live frugally and hopefully find a better paying job in a few years so I can accrue as much money by my late forties as possible.
My dream is to buy 50-100 acres of land in northern Wisconsin or Minnesota debt free and grow my own food. At this point in my life, as silly as it sounds, I want to live on a subsistence farm close to the Earth and work with my hands. I'm fairly sure I want to do this without kids, though with all of this, I cant speak for my future self. I can only help set him up financially.
Ive been talking to some people close in my life who recommend opening a ROTH IRA as well, and dumping up to $1000 of my current savings into it, while also making automatic contributions to my 401(k).
Again, I just started thinking about all of this a month or so ago, and have been lurking on this board for a few weeks, so I have a HUGE amount to learn!
Thanks for reading!