Hello I'm 25 year old single male. I've been fortunate to have a job that pays ~150k/yr. It allowed me to pay off my student loans (40k worth) in the first two years and now I've become fascinated with the concept of FIRE.
Here is how I'm currently setup
Assets:
Cash - $20,000
401K - $60,000
IRA - $11,000
HSA - $2,500
Cash Balance - $15,000 (Fully vested)
Brokerage - $70,000
Cryptocurrency - $2,000
Debts:
Car - $20,000 (Interest rate is 1.9% so I feel no rush to pay it off)
Currently I pay $870 a month for a 2 bedroom apartment. I max out my 401k and get a 4-6% match. This is the second year I will max out my IRA. I max out my HSA. I receive a modest contribution to my cash balance every year. I contribute about $3000 monthly to my brokerage account that is invested rather aggressively in ETFs. I will probably sell the rest of the cryptocurrency once price bounces back a bit more. I contribute 10% quarterly to an ESPP and sell it the day it is purchased to lock in the gains.
Is there anything I could be doing better? I would like to get married and buy a house, but don't think I want kids. The idea of financial independence is nice, more for the feeling of freedom than wanting to leave the work force as soon as possible.
Here is how I'm currently setup
Assets:
Cash - $20,000
401K - $60,000
IRA - $11,000
HSA - $2,500
Cash Balance - $15,000 (Fully vested)
Brokerage - $70,000
Cryptocurrency - $2,000
Debts:
Car - $20,000 (Interest rate is 1.9% so I feel no rush to pay it off)
Currently I pay $870 a month for a 2 bedroom apartment. I max out my 401k and get a 4-6% match. This is the second year I will max out my IRA. I max out my HSA. I receive a modest contribution to my cash balance every year. I contribute about $3000 monthly to my brokerage account that is invested rather aggressively in ETFs. I will probably sell the rest of the cryptocurrency once price bounces back a bit more. I contribute 10% quarterly to an ESPP and sell it the day it is purchased to lock in the gains.
Is there anything I could be doing better? I would like to get married and buy a house, but don't think I want kids. The idea of financial independence is nice, more for the feeling of freedom than wanting to leave the work force as soon as possible.