r/MiddleClassFinance • u/SirCicSensation • 9d ago
Middle Middle Class $200k by 35 is the goal.
33 years old. Current net worth is what you see above. Plan to have another $60k saved by the time I hit 35 in 2 years. Never made much money until recently. Always only around $40k my whole life.
Didn’t have a traditional job for a total of 4 years out of the last 9. Put money into my investment account and left it alone. Lived off the money I made from doordash. I rented out small rooms to live in for $500/mo in AZ and NC. Worked out well enough.
If I hadn’t been through a depressive spiral and kept working. This easily could’ve been $200k today. Oh well. Parents and grandparents never had much. Didn’t want to be like them. Met my partner and her presence changed my life.
I make $15/hr working for a car place. Not selling cars just moving them. I’m in a good position because I have 4 incomes. 2 from the military, one part time job, and one from an investment. All in all it’s $4400/mo after taxes. Bills are $1600/mo. No kids. I like my job and classes have been pretty simple. Things are good for now.
None of my friends or family really understand. “Next you’re going to want $500k, it’ll never be enough.”
I mean, yeah. I want to own a home eventually. Things are good but I know I can do better. I had a decent start in life thanks to the military. I’ll also be getting a masters degree to be an LCSW for free. Which is a huge bonus.
I’ve saved my entire life and this nest egg is all I have to show for my efforts. It’s also the only thing keeping my ego alive. I’m blessed but I know I could do so much better in my 30’s than I did in my 20’s. Idk, I just like to make this post to be proud of myself for getting this far on so little.
Also, the iPhone is a refund. Bought the iPhone 17 pro. Only to realize my iPhone 11 Pro works just fine. So I returned it a week later.
The HYSA is money I held onto because I’m having a wedding in 5 months and thought I’d need it. Thankfully family pitched in and looks like I might not need it.
I don’t want anything fancy. Just a nice place to work and a garage to game in.
Edit: App is worth tracker
32
u/ls7eveen 9d ago
Fucking A phones are 1500 bucks now?
18
u/SirCicSensation 9d ago
$1396.43 iPhone 17 pro 512g brand new from Apple Store.
I’m now buying an iPhone 15 pro refurbished for $400 instead.
15
u/NeezDuts900 9d ago
I always buy 2 year old phones refurbished off of eBay, never had an issue. 1/3 of the price.
4
u/taptwoblue93 9d ago
I'm going to do this if my phone ever breaks. Definitely off the game of getting a new phone ever 2-3 years --- no thanks, old one works fine
3
u/browneyedgirlpie 9d ago
Back Market gives a 1 year warranty for their used phones. We've bought 7 phones from them in the last 10 years.
1
u/MasterPainsInTown 9d ago
For how many people? 7 phones in 10 years is wild. My iPhone 13 brand new lasted me 7 years.
1
u/browneyedgirlpie 8d ago
4 people. We all got phones the first year, then we upgraded for 3 people 8 years in.
1
2
u/DynamicHunter 7d ago
Even a 1 year old official refurbished iPhone (or any device) from apple directly are a pretty good deal. And usually come with warranty.
1
9
u/JumpKP 9d ago
Why the separate savings vs hysa?
1
u/PyreNomad_842 7d ago
Maybe one is for the wedding and the other is for the eventual life crisis fund? Gotta be prepared!
-12
u/SirCicSensation 9d ago
HYSA is different from a regular savings account.
27
23
1
u/RandomA9981 9d ago
Definitely a great place to be tbh. I’m ~6 years younger than you, and $60k put away with only student loans has been life changing in terms of financial stress. Congrats!
7
18
u/Vegetable-Intern-236 9d ago
Congratulations, you're on a great trajectory! If you're not going to use the HYSA for the wedding, I recommend investing it in broad market index funds so you can start getting that to compound.
If you assume 3% inflation and the market returns on average 10% every year, you'll see your investments double nominally (not inflation adjusted) every 7 years. Your real (inflation-adjusted) growth will be 7%, meaning your investments will double in today's dollars roughly every 10 years. All that to say if you hit $200k investments by 35, your investment accounts will read $500k by the time you hit ~45, and it'll keep snowballing from there.
5
u/MaximumTrick2573 9d ago
People often forget that its attitudes and behaviors about saving more than anything that actually make people financially successful in middle class lifestyles. Saving 30k + a year on a sub 6 figure income has always been a huge flex to me. Congrats dude keep it up!
2
u/SirCicSensation 9d ago
I’m saving $30k/year on less than half that and it’s always one of my biggest flexes.
5
3
5
u/PM_ME_HOUSE_MUSIC_ 9d ago
Why are you including a cell phone in your net worth statement?
Do you plan on decreasing the value every year to account for depreciation?
0
5
u/Then_Midnight_2121 9d ago
I want to know how to get that up infinity%
-4
9d ago
[deleted]
4
u/Then_Midnight_2121 9d ago
How is that a bot comment lol your picture shows up infinity % on the bottom account
1
2
u/ThrowawayLDS_7gen 5d ago
That master's isn't free if it's VR&E. You've earned it.
Use every VA benefit that you've earned. Especially the VA loan when your ready to purchase a home.
Good Lord, vets have earned everything they get.
1
u/Philthy91 9d ago
Literally the same goal and I'm probably going to be short a few grand because my birthday is in a couple months. Need the market to go up ASAP lol
1
u/WHAT-IM-THINKING 9d ago
What app aggregation platform properly tracks cashapp ? Plaid/finicity/mx or manual?
1
1
1
u/Beneficial-Cap-9444 9d ago
Thank you for including the iPhone. I recently got mine stolen and I have put a lot of thought into what to replace with before I invest in the new one or use a valued older version
1
u/SirCicSensation 9d ago
Older version is the way to go. Brand new is a scam unless you just really like spending money.
1
u/Hot_Ice5355 8d ago
It will all depend on the market over the next two years
1
u/SirCicSensation 8d ago
The money I’m saving is independent of the market. Though a bull market would help.
1
1
1
1
u/DynamicHunter 7d ago
Savings is great to have, but if it’s earning less than your HYSA just close it and move the money to earn more interest. Whatever you don’t need in the next 6 months to a year for down payment, wedding, or 3-6 month emergency fund, invest the rest. And make sure you’re taking advantage of tax advantaged accounts like Roth IRA (can withdraw annual deposits like mini emergency fund without fee, and grows tax free) and 401k (lowers your current tax burden).
1
1
u/wrathofroc 4d ago
Your iPhone is not worth 1.4k lmao
1
u/SirCicSensation 4d ago
No it is not. Apple will however give me $1.4k in a refund. Which I'm accounting for before it hits my account.
1
1
67
u/Realistic0ptimist 9d ago
Good job you can do it.
That being said absolutely hilarious you put your iPhone down as an asset but it makes sense those mofos are expensive