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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Congrats on the family money, OP! Your first move should be to reallocate that inheritance so that it aligns with your time horizon instead of your parents or grandparents. Your second move should be to find a reliable financial advisor. You don’t want to get too far ahead of your skis, OP. Most people sporting significant new money end up squandering the majority of it before they learn discipline and control. [/quote] Shocker there are many dinks in their late 20s/early 30s easily making $250-350k each, putting their HHI at 500-700k…particularly in DC. Finance, law or tech. If you aren’t making at least 250k in your early 30s in those fields you’re doing something wrong. My wife and I are in that boat, late 20s/early 30s and have been over 700k HHI for the last 3 years. We save 60% as we have nothing material to spend our money on. We own a nice home (bought w/ a very low rate and big enough for multiple kids), two modest cars, and take a nice trip but outside that we barely spend money on wasteful things like fancy clothes/jewlery/michelin star restaurants. [/quote] +1. DH and I are late 20s, HHI $1.1M. Both in Tech. I work about 10 hours a week, DH is consulting at 30 hours. We have about $4M in investments. This is not rocket science folks! It’s called working hard and saving to the max. [/quote]
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