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Real Estate
Reply to "I used to think a million dollar house would be a mansion"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How are 29 year old Feds making any money, even the lawyers? The 29 year olds I know are MAYBE GS-14s at the high end. That's not much more than $200k dual. Hell, I just turned 29 and I'm in the equivalent of a GS-13 position and thought I was doing well for myself.[/quote] Pretty easy, acquire the minimum 1 yr experience and compete for a promotion via USAJOBs. I am a fed which I was able to obtain GS-15 by the age of 29(over 5 years ago). With my DW fed income as well we are in the 280Ks. We will probably peak at 300Ks, not bad for saving and avoiding overspending on the taxpayer behalf. BTW, we also are living in a million dollar plus home. My neighbors are at least 10 yrs old than us, sometimes are like WTF do you.[/quote] Do you have student loans? I don't know your situation, but I would think not given that it would be pretty hard to save the $200-300K downpayment on your millon dollar home on two government salaries while paying off student loans in your late 20s and early 30s. What people here are not willing to admit is that it also counts as getting family help when someone pays for all of your college and grad school. Then, you can save enough money to purchase an expensive home, rather than sending $1-2K per month to a student loan servicer. [/quote]
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