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29 and trying to take the right steps.
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jags8228 is age 29
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Hey everyone,

I've been following the FIRE Reddit for awhile and figured this would be a good place to get some advice as a 29 year old trying to set themselves up for the future as I want to retire early.

Currently, I have a job that pays right above 90k and I love the job and the 90k is plenty in my area of the country.

My other investments and assets include13,000 in savings, 60k in an investment account, 6k in a traditional IRA, 30k in a 401k, and I currently own my condo that has about 65k in equity that I bought in April 2020 with a 3% interest rate.

The only real monthly debt I have is my car, which is a Tesla model 3, which I understand was a bit of a luxury purchase but when I needed a car in late 2021 it was either pay MSRP for a Tesla or pay an insane mark up on a used or new car.

Right now, I max out my 401k as I'm trying to get caught up in that regards. I was working a travel job for awhile which didn't provide a 401k, hence why it's not where I would like it to be. With my 401k maxed out and all expenses paid, I still have a fair amount left over to live a pretty great life as a 29 year old.

My long time gf of 4 years lives with me, is in medical school, and pays me a very small amount in rent. Eventually, her income will make saving a lot easier, as she will be making 3-4x what I make now. No kids in our future (already had a vasectomy).

What else should I be doing to help achieve financial freedom. Should I max out my Roth IRA each year at the expense of some of my 401k investments? Keep going as planned with my main investment being my 401k?

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Posted
1 year ago