July 28, 2006
-
The reason I asked about $50K in my last entry is because that’s how much I have in savings right now (not including my 401k) from working for the last 5 years. I know it’s not much considering the fact that I have no expenses or debt…that’s right–no rent, no car payments, no credit card debt, no school loans). I’m currently just investing it in a mutual fund (and some CDs) but it’s not doing too well so I’ve been thinking about just spending it, lolz.
- appetizers and drinks at Harpoon Harry’s in Long Beach
- tacos, pizza, and microbrewed beers at the Abbey in Seal Beach
- happy hour at I Cugini in Santa Monica…$4 wine, $7 martinis, $5-9 appetizers from 3-8pm
- martinis at the Cameo Bar in the Viceroy Hotel…sitting in cabanas by the pool
- dessert at Shutters on the Beach
Going to climb Mt. Shasta this weekend…see you guys Monday!
- appetizers and drinks at Harpoon Harry’s in Long Beach
Comments (24)
I should move in w/ my parents too! It sounds like it’s worth it.
why not get a financial advisor, then you can have money to do both, save and spend.
)
at least continue saving….and maybe consult a financial advisor.
good god you’re lucky! no debts or student loans whatsoever???
must be nice to have NO expenses! I’m jealous!!
if you need help spending it… hahahaaaaaa
good for you for saving!!
spend it!!! spend it!!! spend it!!! And if you don’t wanna spend it, can you give it to Muah????? I’ll make good use of it!!
u should loan it to me. that’s what i call a smart move. hahaha
nice lil nest egg there, just remember, it’s not how much money you end up with in life, but how much you enjoyed life in the process of using it, hehe
50k is a lot. You did a good job saving money. Most people wouldve spent it on frivolous things. I didn’t start saving for the future until about 3 years ago.
wow , that’s great. congrats on being responsible. I say invest it then – you’ll have much more at an older age which is when you’d rather enjoy your money – not now.
so you’re able to go on all those vacations, eating out a lot, and still save that much? *jealous*. Why am I always broke? haha.
Anyway, I think you’re young enough to take a risk and put it towards something that can make a lot more money than a crappy 5% interest rate from the bank or so.
it’s good and hard to have money saved up..good job!
wow no bills whatsoever. no wonder yr able to travel so much!!
hm. why spend it? just save it. no doubt sometime in the future you’ll find a use for it.
well, if the investments arent doing well right now, i would suggest not touching the money, because investments happen in cycles, there’s a low time and a high time. the low times are actually when you should be putting more money in, and the high time would be the time to take the money out.
i have a couple of friends who have been reading up on this (plus i have a financial advisor also, but the friends seem to be better because they’re not taking ne commission from me)
haha, wish i have 50k by the time i’ve worked for 5 years o_O meh!
Ha ha ha.. in that case TRAVEL the world.. shoott..take 5 years off! haha.
*hi five* on saving all that money without any debt…awesome! i am trying to clear all my debt and will be doing that for a very long long time i’m afraid.
mt shasta?
have fun!
Thats soooo cool…. Maybe you can consult me on how to save money.. Now my piece of advice – buy an investment property..
OR- i can use that money for my sabbatical 
congrats. $10k/yr is a good amount.
mt. shasta, i envy you =/ have a nice week
in the end, whether you’re rich or poor or president or bum or king or soldier, we all end up in the same box =) but congrats on having the discipline to save so much. how about giving some to your parents or charity?
uh, definitely don’t just spend it!!!
save some more and use it to buy a house and then furniture. :p
My friend who is a consulting, I believe he is prolly 27 now and he has $100k saved up and counting as he’s travels 100% of the time, like you has no debt, no rent to pay, no car payments. He’s looking to put a downpayment for a property right now. CD is a way to go, stable growth and interest rates are locked in for awhile. Try out short term CDs as there are many banks out there who are offering a good 5.5% on the average. You should earn free money on ur money