I’m a few months into my new job and have decided to get aggressive and more serious about my saving. Previously it had been difficult for me to truly allocate money into my savings. Now I have a 401(k), money from each paycheck to save, and a diversified pool of funds. I’ve made a few moves over the past month or so to get serious about growing my wealth, including signing up for new investment banking services, and compiling a chart/graph of my net worth.
My current diversification:
Basic use cases for each:
The idea here is to have a number of buckets that I can contribute to on a regular basis, all with varying levels of risk/return. It became increasingly obvious to me that I needed to let the majority of my money sit somewhere where it will grow, and that is not a savings account. Once I have my savings at a comfortable spot, most of the money I make each month will be going straight into my retirement/investing/brokerage accounts.
I might even give updates on my net worth, as I’ve seen on another blog about personal finance, but I don’t have the guts yet :)