. I had recently moved to Washington, D.C., with a $40,000 starting salary, almost $45,000 of student debt and very little savings.and learned that if I continued to make only the minimum payments on my student loans over the course of 10 years, I would pay $16,000 in interest on top of my original debt.Within three years, I paid off my debt, and the next year I doubled my income. In 2017, I bought my first home before my 30th birthday.
I automated my savings contributions, put my loans on autopay and began investing using a robo-advisor that selected and managed my investments for me. That simple system of automation ultimately helped me accomplish one of my biggest goals: homeownership. In July 2017, I bought my first home in Washington, D.C., a 514-square-foot one bedroom, one bathroom apartment, for $345,000, with 10 percent down.As my income grew to include a six-figure salary, business revenue and rental income, I've spent more on things I love, like travel, but have
I still monitor my variable spending so I can continue to invest in the stock market, but do so in a way where my money doesn't feel stretched day-to-day.Last year, I invested over 45% of my income, a big jump from when I only invested about $133 per month. Now, in addition to maxing out my 401, I max out anIf I never contribute another dime to my retirement, I'm on track to have over $3.7 million by age 65. I still invest aggressively because I want to get there sooner.
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