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Reply to "How much money save up before moving out?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Forty years ago I was 30 and saved 50,000. It was enough to buy a home.[/quote] This is the way to do it. Parents forcing kids out at 18 just puts them in financial stress for years and years. Better that they live at home, work fulltime, and save up some money, rather than wasting it on rent. [/quote] +1 My DS saves 90K/yr after taxes and maxing out his 401K after graduating from college in 2019. He lived at home from 2019 until 2024, and invested that money in Nvidia, Amazon, and Tesla during the pandemic. He finally moved out two months ago with around 1.3M in cash & stocks.[/quote] SMART GUY! My son is 25 and has about 400K saved. Still lives at home.[/quote]
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