Post age, where you're at financially, and where you hope to be

[Marshac]

What is your liquid net worth and what are your milestones?

Age- 27
Liquid NW- $75k
Milestones- To finish school...again.... I'm back in school full-time with students ~10 years my junior, but damn it's awesome.... I haven't posted in awhile since FIRE is now much lower on my list than doing well on the MCATs. So yup, I really did do it it. All those years ago when I said I would... So for all you FIRE folks worried about your healthcare costs- consider this post a coupon for 5% off your next exam once i'm Dr Marshac. Thankfully IT is [FONT='Calibri','sans-serif']conducive [/FONT]to consulting work (I do DB work now), so i'm not quite a ramen eating college student. Oh yeah, I also got married 3 months ago, and my wife an an RN...

How long did it take you to save up your first 100k, 200k, 300k, etc.

Not there yet.

 

[bow-tie]

Good luck with school, Marshac.

 

[Pavo]

Hi -

Age: 26
Where I am at: Off to a great start, but worked hard, long hours to get to this point. Started working (and saving/investing) full time about 2 years ago, and I managed to save and invest about 75k as of Friday's close. I should hit 100k by year's end, or January at the latest.
Where I hope to be: 5 million, minimum. If my dad did it in 30 years with a 7th grade education, broken english, and a heavy accent, then there is no reason why I can't do it (and faster) with formal education and 'proper' english.

Marshac - Congrats & good luck to you with school! Ironically, I'm finishing up my post-bacc right now at night, and I plan on taking the MCATs in about a year. It's very odd taking coursework at the undergrad level - they are so scatter-brained (but I was no different at that age).

My transition will be from finance to medicine. More money in finance (I'm literally setup to jump into a hedge fund or Goldman with my experience and contacts within a couple of years), but definitely not what I'd like to do for much longer. My personality and interests are more fitting to medicine than the business/legal world. I'll do it until I go to med school, and in the meantime, I will sock away as much as possible, and hopefully, work under contract part time when I am in med school (projected start at 29). Arg! I'm so jealous that you'll be in sooner! I can't wait to go.

 

[Meadbh]

Hi -

Age: 26
Where I hope to be: 5 million, minimum.

My transition will be from finance to medicine. More money in finance (I'm literally setup to jump into a hedge fund or Goldman with my experience and contacts within a couple of years), but definitely not what I'd like to do for much longer. My personality and interests are more fitting to medicine than the business/legal world. I'll do it until I go to med school, and in the meantime, I will sock away as much as possible, and hopefully, work under contract part time when I am in med school (projected start at 29). Arg! I'm so jealous that you'll be in sooner! I can't wait to go.

Ah yes, the young and idealistic.........
I know a guy who went in the opposite direction. He's running a biotech fund now.
Meadbh (old MD)

 

[aaronc879]

What do you all think?

I could but i'm used to living on 18K per year after tax. It all depends on what he "needs" to cover his expenses.

 

[idoru]

I'm 21. I've got 9K, no debt. Hope to have first 100k at 26. 200k at 29. 300k at 31, etc. Planning to retire before 40 just raking in the dividends.

 

[Milton]

I'm trying to gauge where most of you on this board are financially in life.

Why?

 

[Pavo]

Ah yes, the young and idealistic.........

My idealism strengthens as I age; Berkeley was on to something when he presented his theory. My mind & inner world keep blossoming.

Interesting as quite a few of my clients are former practicing MDs - neuroscience primarily. Low barrier to entry when covering the healthcare sector as an in, and now they manage their own funds.

 

[daystar]

Age 28 (today) - 300K
Age 32 - 500K
Age 40 - 1M
Age 48 - 2M
Age 57 - 4M

I would like to get an early retirement offer from my federal job between 48-57. However, if I really like my job at that time, maybe I'll just work till I'm 65 or so. Who knows?