Comments on: How to Save $60,000 by Age 23 https://fourpillarfreedom.com/how-to-save-60000-by-age-23/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 20:48:29 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1484 Mon, 06 Nov 2017 14:15:05 +0000 https://fourpillarfreedom.com/?p=24767#comment-1484 In reply to Mrs. Farmhouse Finance.

Thanks so much, Mrs. Farmhouse Finance! Working through college turned out to be a great financial decision and it definitely gave me a leg up on saving money. All the earnings that I would have had to put towards loans I was able to instead put towards investing.

Congrats on paying off your student debt with your husband, that’s a major milestone to pass. Best of luck with your own savings journey and be sure to stay in touch 🙂

]]> By: Mrs. Farmhouse Finance https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1481 Sun, 05 Nov 2017 21:48:00 +0000 https://fourpillarfreedom.com/?p=24767#comment-1481 Wow! Congratulations! You are light years ahead of most of your peers. You were very smart to work through college and keep your expenses low once you graduated and started working. As a teacher, I did not make as much as you through my twenties, but because my husband and I didn’t have much student debt (only $10,000 that we paid off years ago), we were in pretty good financial shape when we got married and have been ramping up our savings ever since. I look forward to following your journey!

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1478 Sat, 04 Nov 2017 16:59:04 +0000 https://fourpillarfreedom.com/?p=24767#comment-1478 In reply to SteveC.

That’s a great question. If I was shooting for complete F.I. I would only need around $375,000 ($15k * 25) but undoubtedly my annual expenses will go up in the future when I have a family. Also, as you said, I plan on working in some capacity even after FI, so it’s tough to say what my FI number is. As of now I’m shooting for $150k – $250k before I consider quitting my job and pursuing my own work. That will likely only take me 1-2 more years of corporate work. So that’s my short-term goal. We’ll see how it goes 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1477 Sat, 04 Nov 2017 16:54:38 +0000 https://fourpillarfreedom.com/?p=24767#comment-1477 In reply to SMM.

I can definitely attest that it gets easier and easier as time goes on. Eventually you start saving an incredible amount of money without even trying – it just becomes a lifestyle 🙂

]]> By: SteveC https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1475 Fri, 03 Nov 2017 15:11:21 +0000 https://fourpillarfreedom.com/?p=24767#comment-1475 Is 15k a year the figure you use when calculating how much you need to save up in total to reach FI?

I know you plan to earn money after you reach FI and most likely won’t live on so little if you have a family but, as of now is that the dollar amount you are shooting for?

]]> By: SMM https://fourpillarfreedom.com/how-to-save-60000-by-age-23/#comment-1474 Fri, 03 Nov 2017 15:10:07 +0000 https://fourpillarfreedom.com/?p=24767#comment-1474 Hooked is a great way to describe it. It becomes a way of life after a while and gets easier and easier to live simply and then one day you realize this is the way I want to live anyway. 🙂

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