Quote:
Originally Posted by JMintzer
Agreed.
One of my daughters works for a non-profit, in DC. Decent salary, but not huge by any means.
When she started, she put 3%/year away for retirement and her company matched it. The next year she upped it to 6% (they matched it, which was their max). Then she went to 10%, so 16%/year in total in her 401k. She was also able to save enough to buy a 1 br condo. She's 32, has over $100K in savings and her pension.
She used to only go to happy hours where they had specials. Same with eating out. They all knew where the bargains were.
She's getting married next month and will rent out her condo (for a profit) as it's a bit small for two people...
|
Smart lady - you taught her well.