Reply to Finally hit $100K in retirement savings

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Reply to "Finally hit $100K in retirement savings"

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[quote=Anonymous]I am glad for you, OP.  Big congratulations.  This was us many years ago.  The first 100K is the hardest.  After that, it starts growing at a nice clip.

Wanting that our DS gets  a financial  leg-up in life - we let him go to our state school for graduation with merit scholarship and with some of the saved tuition money we bought him a new car.  When he graduated college debt-free we made him live with us for a couple years for free.  We paid for everything. We made sure that most of his earnings (100K+) was locked into investments and retirement.

He is in another city now, about to get married. Living in an apartment with his fiancee.  We set him up with necessities for an apartment - furniture, furnishings, cleaning supplies and all kitchen stuff etc.   DH and I will pay for the entire wedding.

Meanwhile, they now live a modest lifestyle like the majority of their peers in their 20s ... but without student debt, car payments and 100K in their savings.  And thankfully, they have a saver and investor mindset and are responsible kids.

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