FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
Ok, all the bad stories of how young folks today are clueless about finance. One of my clients asked me to look over his daughter and SIL's finances and give them an opinion. Here's what they have, he is 27 and she is 26,no kids.
1)They both work at stable jobs and do the max into their 401Ks.
2)They both fund a Roth for $250 a month.
3)They bought a house and put 20% down 2 years ago.
4)The daughter's grandmother left her $30,000, which she has not touched for 7 years and is now worth $57,000.
5)They have NO credit card debt, or student loan debt.
6)The SIL makes extra money working as a baseball coach for a small local college.
7)They have $20,000 in an emergency fund.
Nice folks, they are truly on the path to FIRE. It was nice to get to know them, and see not all young people are clueless...............
1)They both work at stable jobs and do the max into their 401Ks.
2)They both fund a Roth for $250 a month.
3)They bought a house and put 20% down 2 years ago.
4)The daughter's grandmother left her $30,000, which she has not touched for 7 years and is now worth $57,000.
5)They have NO credit card debt, or student loan debt.
6)The SIL makes extra money working as a baseball coach for a small local college.
7)They have $20,000 in an emergency fund.
Nice folks, they are truly on the path to FIRE. It was nice to get to know them, and see not all young people are clueless...............