Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

162
Posts
50
Votes
Jared Baker
  • Hartford, WI
50
Votes |
162
Posts

Set for Life Book Question

Jared Baker
  • Hartford, WI
Posted

I have been reading @Scott Trench book Set for Life and a question occurred to me while reading that I am hoping to get some insight to.  It says that the first priority after paying off all bad debt is to accumulate $25,000, or a years worth of living expenses.  Based on the reading this book is focused towards someone like me, just graduated from college, beginning my first job making about $50,000.  Now my question is, should I be putting money into some sort of retirement account like a 401K?  I ask this because it does not mention anything about retirement accounts, at least as far as I have read, and if I did put money into a 401K it will take about 4-5 years to save that much with my current living expense, (the largest parts being rent, insurance, and transportation, as mentioned in the book)

Thoughts on this would be great.

Loading replies...