Where Your Dreams Become Reality
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Subject: RE: Financial Advice Wanted
Mainly my comment to you is just "good going brother!"
My advice (which you don't need to take at all as you've obviously done well):
1) You should have some money that is an "emergency fund" that is not in any of those investment accounts. It's OK for it to be your checking account as long as you don't ever dip below the proper amount. The amount should be 3-6 months of expenses. I suppose that $3,000 could actually be about right (3 months), but since you don't seem to have trouble saving money, you might want to bump that up a bit. The whole idea is to keep from going into any debt. If you had $8-10,000 in liquid funds that isn't in an investment account, that wouldn't be horrible.
2) Keep doing the saving and investing that you have been doing, BUT...
3) DO take some time and money to do fun things too brother! MOST people have trouble with the investing part of their lives and thus need guidance there; you seem to be ok there, so it is good for you to examine the FUN in your life. Are you having any? Is there something you'd like to do? Quite honestly with $100,000 invested at age 24, if you wanted to go take some expensive trips or something and really live it up a bit so that you're investing less, you have earned the right to do that (don't touch any of that investment money to do so of course). You're only in your 20s once. YOU have earned the right to go have some fun in your 20s; do that out of income only...keep those investments going.
You're going to retire very wealthy some day.
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