SwethaMandava Posted June 1, 2023 Report Posted June 1, 2023 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. Quote
HugoStrange Posted June 1, 2023 Report Posted June 1, 2023 u need to invest it to grow, if its just sitting in ur savings account you are loosing 5 to 10% due to inflation 1 Quote
ARYA Posted June 1, 2023 Report Posted June 1, 2023 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 Quote
Rabbo Posted June 1, 2023 Report Posted June 1, 2023 7 minutes ago, dasari4kntr said:  After 100k Berkshire Hathaway stock konamantada Quote
Galactus Posted June 1, 2023 Report Posted June 1, 2023 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.  1 Quote
JaiBalayyaaa Posted June 1, 2023 Report Posted June 1, 2023 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 1 Quote
killbillpandey123 Posted June 1, 2023 Report Posted June 1, 2023 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. Â Quote
Hitman Posted June 1, 2023 Report Posted June 1, 2023 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 Quote
JaiBalayyaaa Posted June 1, 2023 Report Posted June 1, 2023 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. Quote
killbillpandey123 Posted June 1, 2023 Report Posted June 1, 2023 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? Quote
8pm Posted June 1, 2023 Report Posted June 1, 2023 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 Quote
Vaaampire Posted June 1, 2023 Report Posted June 1, 2023 Kamakukka ki gudi kattistha ani cheppu. Aadi pilla pooo fans funds collect chesi 1day lo istharu. Take & jump Quote
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