26M graduating this fall with no college debt, paid off car, ~$50k income — how am I doing financially?
I’m 26 and graduating this fall with a business degree. I currently live with my dad so my expenses are pretty low right now. I make around $50k/year gross working in hospitality.
Here’s where I’m at financially:
Paid off car
No college debt
Around $2k+ in savings
Around $7k invested between Roth IRA, individual brokerage, and 401k
Monthly investing is usually around $400–500
Main bills are insurance, gas, gym, food, etc.
I know I’m behind some people my age and ahead of others, but I’ve been trying to get more serious about saving/investing the last couple years and cut back on partying/spending.
My goals are:
Build a 6–12 month emergency fund
Move out within the next year or so
Hit $80k+ invested by 30
Eventually get into a higher-paying career with my degree
How would you say I’m doing for 26? What would you prioritize next if you were in my position?