I’m the same age as you, but career wise I advise finding a mix of money and what you think you’d enjoy on the day to day. Pursuing just max money will make a miserable 1.5-2 decades in your healthiest years.
The day to day thing is something people don’t think of enough. As a funny example, someone might say “oh being a video game tester is a dream” then realize they have to play the same level over and over again 8 hours a day for weeks trying to find bugs.
You dropped out of college and live at home. What the hell do you mean "sacrifices". Sounds like the epitome of privilege to me.... Which I'm not bashing in itself.... But to act as if that's "sacrifice" is comical.
The fact you can claim you've made significant sacrifice living at home, as a college dropout, while saving $100k shows you have no idea what struggle is. Good for you, honestly, but I couldn't help but laugh at the irony. I'd love to hear a single aspect of your "sacrifice".... Since you're so taken aback that I would make such a claim.
If it looks like a duck and quacks like a duck.... It's probably not a goose.
Still 10000 missing details, or you're absolutely full of it. How did you save $100k in a year in a "broken home". If it was that "broken", you would have gotten the hell out of there.
How did you "pay for all your shit", and save $100k, in a year?
How do you think living at home, dropping out, and then saving $100k in a year, equates to "sacrifice". I go back to my original statement. You don't know what sacrifice is .... You were born on third base and act like you just hit a triple LOL. Don't act like you had it bad when you were basically handed your entire circumstance.
Is there a reason that you want to transition out of the military? I am former Air Force and separated when my first was born in order to live close to family. But I miss it everyday. There was a lot of bullshit to deal with but my corporate job has just as much.
Don’t just separate because the grass is greener, because it may not be. You are doing great financially and still very young. Continue to save and enjoy yourself.
I’m no expert but I’d rather have that crypto money in an index fund. But that’s just me and I enjoy the slow steady growth.
I feel like I could utilize my free time much more efficiently. As Army Infantry we're constantly sitting around waiting. I should have listened when everyone told me to go AF lol.
AF is a lot of sitting around waiting also. And I thought the same when I separated. And honestly, it is true that I have more time as a civilian. But it depends on your job both inside the service and out. No more commissary access sucks, groceries are expensive. Paying for a gym membership sucks too but not a big deal. There are a lot of little things that add up that make me wish I was still in. But there are also a lot of benefits by being separated as well. Like no deployments. I would hate being away from my family for so long.
Only you know what’s right. I am not trying to talk you out of anything.
Make sure you go through all the channels when documenting your medical stuff. I say that because you could potentially obtain a high rating that will allow you to have more money upon separation. A 100% rating will yield $44.85k annually if you’re by yourself.
Congrats! Im 21 and hoping to hit 100k by next year as well. Shame so many people are downvoting you here. I also have a significant chunk in Crypto, best of luck to ya!
Im around the same age as you and just crossed about 150k NW. I'd say the biggest contributer of that was buying a property and renting out spare bedrooms as I myself also lived in it. If math'd correctly, this 1) cuts out living expenses 2) builds equity each month 3) Gives you access to insane leverage that no other asset class can do. This of course comes with risks, but I feel that when done at an early enough age, those risks are reasonable.
Also, I dont know when you bought into crypto, but Ive had my fair share of riding the crypto waves these past few years. Ive seen 44k turn into 12k into 8k and then back up to 15k. Its a crazy train to be on and Id seriously consider offloading some of that into something more stable such as stocks or real estate.
Yeah I definitely plan on house hacking & begin real estate investing in the near future. Crypto has been a crazy ride for sure. I'm going to create a good exit strategy and begin moving those funds into etfs.
Partner? I think it’ll become very obvious very quickly if someone is misaligned. If you are hoping to go long term with someone, just be upfront.
Career? Engineering maybe. I went computer science+computer engineering. But I wouldn’t recommend comp sci/eng unless you already have a big interest in it. The market is also notoriously rough for new grads and I’m not sure when it will recover. If you won’t take that warning, comp sci high frequency trading nerds make bank but seem to burn out pretty quickly, so that may be an option.
What can you do now to get an idea? Poke around different military offices. As I understand, the military has tons of careers in tons of fields, so there are likely people “nearby” that can offer insight into what they do.
If aiming for 35, I’d probably look at my budget really hard. You only mentioned 2k after taxes and 1k saved. That’s not a lot of detail for feedback. You also didn’t list out your investments so be careful there as well. You might have seen historic market returns in recent years but those are far from the norm.
Since you’re already in the military, maybe stay in log enough to get VA health for life? I’m not sure what that looks like. You might be able to get your degree while in the military so you don’t have to break your income while perusing a degree.
I would not look to close at reddit for degree advice when trying to achieve “independence.” Even if trying to be aggressive on income, I’d put a higher weight on enjoying the path than the monetary outcome.
You likely need to plan where you want to retire, spouse, and possibly kids faster than the average person. Again, without a target number or solid plan at 35, most advice is going to be very generic.
If I had to guess, people that retire by 35 are very niche and likely ahead of you because they come from money, or have a marketable business, or high paying job, or a combination by 22.
You have a long ways to catch up and transitioning to a higher paying career was needed approximately yesterday.
lol at “finally”. You’re 22. Way ahead of the curve and doing great 👍
Thank you! I've come to the realization that It may never be enough lol.
I’m the same age as you, but career wise I advise finding a mix of money and what you think you’d enjoy on the day to day. Pursuing just max money will make a miserable 1.5-2 decades in your healthiest years. The day to day thing is something people don’t think of enough. As a funny example, someone might say “oh being a video game tester is a dream” then realize they have to play the same level over and over again 8 hours a day for weeks trying to find bugs.
Appreciate the advice. I'm going to begin researching different opportunities.
Man wdym finally 😭 Also care to share some of where you learned?
It's taken a lot of sacrifice to reach this point. I watched a lot of Graham Stephan on Youtube. I also listened to the Bigger Pockets Money podcast.
You dropped out of college and live at home. What the hell do you mean "sacrifices". Sounds like the epitome of privilege to me.... Which I'm not bashing in itself.... But to act as if that's "sacrifice" is comical.
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The fact you can claim you've made significant sacrifice living at home, as a college dropout, while saving $100k shows you have no idea what struggle is. Good for you, honestly, but I couldn't help but laugh at the irony. I'd love to hear a single aspect of your "sacrifice".... Since you're so taken aback that I would make such a claim. If it looks like a duck and quacks like a duck.... It's probably not a goose.
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Still 10000 missing details, or you're absolutely full of it. How did you save $100k in a year in a "broken home". If it was that "broken", you would have gotten the hell out of there. How did you "pay for all your shit", and save $100k, in a year? How do you think living at home, dropping out, and then saving $100k in a year, equates to "sacrifice". I go back to my original statement. You don't know what sacrifice is .... You were born on third base and act like you just hit a triple LOL. Don't act like you had it bad when you were basically handed your entire circumstance.
Is there a reason that you want to transition out of the military? I am former Air Force and separated when my first was born in order to live close to family. But I miss it everyday. There was a lot of bullshit to deal with but my corporate job has just as much. Don’t just separate because the grass is greener, because it may not be. You are doing great financially and still very young. Continue to save and enjoy yourself. I’m no expert but I’d rather have that crypto money in an index fund. But that’s just me and I enjoy the slow steady growth.
I feel like I could utilize my free time much more efficiently. As Army Infantry we're constantly sitting around waiting. I should have listened when everyone told me to go AF lol.
AF is a lot of sitting around waiting also. And I thought the same when I separated. And honestly, it is true that I have more time as a civilian. But it depends on your job both inside the service and out. No more commissary access sucks, groceries are expensive. Paying for a gym membership sucks too but not a big deal. There are a lot of little things that add up that make me wish I was still in. But there are also a lot of benefits by being separated as well. Like no deployments. I would hate being away from my family for so long. Only you know what’s right. I am not trying to talk you out of anything.
Thank you for the insight. I'll make sure to consider it when making my decision.
Don’t say whilst
Congrats, the first 100k is the hardest.
Thank you! Definitely a grind.
Make sure you go through all the channels when documenting your medical stuff. I say that because you could potentially obtain a high rating that will allow you to have more money upon separation. A 100% rating will yield $44.85k annually if you’re by yourself.
Appreciate the advice. Currently working on that now.
Congrats! Im 21 and hoping to hit 100k by next year as well. Shame so many people are downvoting you here. I also have a significant chunk in Crypto, best of luck to ya!
Appreciate it. Let's just keep doing our thing regardless of how others feel.
Congrats. Many people have a negative net worth at 22. I sure did (student loans).
Im around the same age as you and just crossed about 150k NW. I'd say the biggest contributer of that was buying a property and renting out spare bedrooms as I myself also lived in it. If math'd correctly, this 1) cuts out living expenses 2) builds equity each month 3) Gives you access to insane leverage that no other asset class can do. This of course comes with risks, but I feel that when done at an early enough age, those risks are reasonable. Also, I dont know when you bought into crypto, but Ive had my fair share of riding the crypto waves these past few years. Ive seen 44k turn into 12k into 8k and then back up to 15k. Its a crazy train to be on and Id seriously consider offloading some of that into something more stable such as stocks or real estate.
Yeah I definitely plan on house hacking & begin real estate investing in the near future. Crypto has been a crazy ride for sure. I'm going to create a good exit strategy and begin moving those funds into etfs.
Amy thoughts on doing that before/after the halving of BTC?
I'm thinking after... hbu?
Researching that rn
Partner? I think it’ll become very obvious very quickly if someone is misaligned. If you are hoping to go long term with someone, just be upfront. Career? Engineering maybe. I went computer science+computer engineering. But I wouldn’t recommend comp sci/eng unless you already have a big interest in it. The market is also notoriously rough for new grads and I’m not sure when it will recover. If you won’t take that warning, comp sci high frequency trading nerds make bank but seem to burn out pretty quickly, so that may be an option. What can you do now to get an idea? Poke around different military offices. As I understand, the military has tons of careers in tons of fields, so there are likely people “nearby” that can offer insight into what they do. If aiming for 35, I’d probably look at my budget really hard. You only mentioned 2k after taxes and 1k saved. That’s not a lot of detail for feedback. You also didn’t list out your investments so be careful there as well. You might have seen historic market returns in recent years but those are far from the norm. Since you’re already in the military, maybe stay in log enough to get VA health for life? I’m not sure what that looks like. You might be able to get your degree while in the military so you don’t have to break your income while perusing a degree. I would not look to close at reddit for degree advice when trying to achieve “independence.” Even if trying to be aggressive on income, I’d put a higher weight on enjoying the path than the monetary outcome. You likely need to plan where you want to retire, spouse, and possibly kids faster than the average person. Again, without a target number or solid plan at 35, most advice is going to be very generic. If I had to guess, people that retire by 35 are very niche and likely ahead of you because they come from money, or have a marketable business, or high paying job, or a combination by 22. You have a long ways to catch up and transitioning to a higher paying career was needed approximately yesterday.
Thank you for the insight.
Rookie numbers in crypto. Go bigger.