how much time it will take for someone with an average salary of 120K-150K to accumulate 100K on an average?

i'm saving on an average of $3000 per month and its going to take almost 3 years with comfortable lifestyle with moderate spending.

u need to invest it to grow, if its just sitting in ur savings account you are loosing 5 to 10% due to inflation

 

Ma @TOM_BHAYYA anna ki 1 week

10 minutes ago, SwethaMandava said:

how much time it will take for someone with an average salary of 120K-150K to accumulate 100K on an average?

i'm saving on an average of $3000 per month and its going to take almost 3 years with comfortable lifestyle with moderate spending.

Just saving wont work

7 minutes ago, dasari4kntr said:

 

After 100k Berkshire Hathaway stock konamantada 

Just one paycheck 😂

are you asking about increasing net worth or cash savings? 

Cash accumulation is the hardest

 401k accumulation is easier as you can max out your yearly contributions and reach 100k in 4 years approx.

 Building house equity is another way to do this in a few years, you save some 6-10k or may be more in principal and also if home value appreciates 10-15k per year, it takes 4-5 years on average to build 100k equity. (Assuming prices will stabilize and we won’t see Covid like run up for another decade).

 Investing in ETFs like VTI, VOO, SPY every month is also a good way to increase your overall wealth

market risk will be there in all the above approaches, cash accumulation is good but you lose the value due to inflation so choose wisely.

 

27 minutes ago, SwethaMandava said:

how much time it will take for someone with an average salary of 120K-150K to accumulate 100K on an average?

i'm saving on an average of $3000 per month and its going to take almost 3 years with comfortable lifestyle with moderate spending.

Compound interest ante ento telidu kobolu

how to invest $300K liquid cash with less risk? I have $300K saved in my account.

Don't say stocks, I invested in 2021 and it is down 70k on paper.

 

4 minutes ago, killbillpandey123 said:

how to invest $300K liquid cash with less risk? I have $300K saved in my account.

Don't say stocks, I invested in 2021 and it is down 70k on paper.

 

Sell the junk, buy SPY with that money 

1 hour ago, dasari4kntr said:

 

100k ok, tarvata $1.8B how? It used to be 100k before. I think now first million is the bitch. 

1 hour ago, Hitman said:

Sell the junk, buy SPY with that money 

right now I parked my funds in robinhood as gold member getting 4.6% apy on those cash. Is it safe to buy SPY?

2 hours ago, SwethaMandava said:

how much time it will take for someone with an average salary of 120K-150K to accumulate 100K on an average?

i'm saving on an average of $3000 per month and its going to take almost 3 years with comfortable lifestyle with moderate spending.

3.33333 years

Kamakukka ki gudi kattistha ani cheppu. Aadi pilla pooo fans funds collect chesi 1day lo istharu. Take & jump