Where are you spending money now?

“We’ve barely even started our careers and only have 1 million dollars net worth, is it too late for us?”

Another dumb humblebrag thread

A) it’s never too late
B) you and your DH should have combined finances

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course it’s not too late. Start maxing out that 401k before you do anything else.

I am definitely doing that!

If you knew how to invest, you wouldn't go anywhere near a 401k. Start learning now and in about 5 years, you wish you hadn't gone anywhere near a 401k.
I had a slow day today, but still made 5% in my retirement account. Can't do that in a 401k. And don't forget RMD and taxes.

Are you that annoying poster who claims to have millions of dollars in an investment fund despite working a minimum wage job? And who threatened her son for wanting to invest in ETFs?

start today

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Of course it’s not too late. Start maxing out that 401k before you do anything else.

I am definitely doing that!

If you knew how to invest, you wouldn't go anywhere near a 401k. Start learning now and in about 5 years, you wish you hadn't gone anywhere near a 401k.
I had a slow day today, but still made 5% in my retirement account. Can't do that in a 401k. And don't forget RMD and taxes.

This is terrible advice. 401k uses pre tax money which reduces your income tax plus your employer usually has some sort of match or profit sharing which is “free money”. Most 401ks are administered by large companies like fidelity or Schwab and they have many options for you to invest in. 401ks are a great way to invest for your retirement and are a worthwhile part of your portfolio. Roths are also good.