Meet Hairy
Age: 27
Salary: $100,000
Employment: CPA
Hairy’s main concerns, in their own words:
I’m 27 year old CPA living and working in Manhattan. My main short-term, mid-term, and long-term goal is financial independence.
My net worth just crossed the $100k mark and the only debt I have is $7,500 of student loans that I’m slow paying due to 3% rate. My income just crossed the $100k mark as well, and I’m able to keep my expenses down by being somewhat frugal and living with two roommates.
I have gotten my expenses down to a level I feel comfortable with and everything I make over this amount gets plowed into maxing out 401k, IRA, and HSA and what’s left over gets put into my Vanguard brokerage account. Unlike many people my age, I have no interest in buying a house in the near future, and know renting is key for me and will assist in my path to FI.
I’ve currently calculated that I will become financial independent before my 40th birthday, and would like someone to poke holes in my plan. Thanks in advance for your consideration.
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.