Search found 4 matches

by elin09
Fri May 19, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Almost done saving for emergency fund...now what?
Replies: 8
Views: 1050

Re: Almost done saving for emergency fund...now what?

I am currently 26 years old, and ... - My goal is to have the option to quit my 9-5 job and live off of passive income within the next 10 years You are doing a great job of saving, and I love that you are looking to have the option to live off of passive income. Life happens--goals change, personal...
by elin09
Fri May 19, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Almost done saving for emergency fund...now what?
Replies: 8
Views: 1050

Re: Almost done saving for emergency fund...now what?

Welcome to the forum :) . You have an excellent savings rate. Keep it up. I am currently 26 years old, and will be done putting money towards my emergency fund next month. I'm keeping my emergency fund in an online savings accounting with 1.05% interest rate. At the same time, I am on track to max ...
by elin09
Tue May 16, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Almost done saving for emergency fund...now what?
Replies: 8
Views: 1050

Re: Almost done saving for emergency fund...now what?

Saving 70% on a $70K income is $49k. This would be $490k over 10 years. You would need to get one or more rental properties and rent it out. If its out-if-state rentals, you would need to hire a managements company. This would reduce your rental income. Your rental income would meed to be $4k/month...
by elin09
Tue May 16, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Almost done saving for emergency fund...now what?
Replies: 8
Views: 1050

Almost done saving for emergency fund...now what?

I am currently 26 years old, and will be done putting money towards my emergency fund next month. I'm keeping my emergency fund in an online savings accounting with 1.05% interest rate. At the same time, I am on track to max out my Roth IRA account (which I just opened last year), and have invested ...

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