Today is the 54th edition of our periodic guest post series called 10 Questions and a Pizza Place. (The 1500′s are pizza fanatics.) We have a list of 17 questions we pose to fellow financial bloggers, and they are free to pick and choose 10 or answer all 17. Let us know if you would like to be featured in a future edition of 10 Questions. Note: We’ll be switching up our questions and starting a new feature very shortly. Stay tuned…
I first came across Leigh’s Financial Journey way back in July, when FI Fighter listed her among his favorite blogs. I hopped on over to her site, and loved it. She is a young woman, working in the high-paying tech industry. But rather than drive a Mercedes, carry a Louis Vuitton bag, and walk around in Louboutin’s, she saves her money.
Her story is quite interesting. She has a crush on math. (I don’t share your crush Leigh, but understand it on those rare occasions where my work gets me to the right answer.) She shares her spending, saving, and goals for each year, which I think is so helpful. I am always so impressed when I see younger people on the right financial track. In today’s society, it is easy to be led astray. Too bad they don’t make reality TV shows about personal finance…
Tell me about your blog and why it’s great.
I blog with real numbers, from the perspective of someone in their twenties who makes pretty darn good money. (I grossed just under $200,000 in 2013.) I want to show the world that not everyone with a high salary spends it all. I started my blog because I found all the financial advice on the internet for twenty somethings was to contribute to a Roth IRA while your income is low! Well I surpassed the Roth IRA contribution limit my second year out of college, at 23, so that didn’t apply to me. I also bought a condo with 20% down at 23 and started maxing out my 401(k) at 22. I am neither a partying twenty something nor a “let’s get married and have a bunch of kids” twenty something. That voice didn’t exist! I think I’ve carved out a bit of a niche and it’s been going well.
What would you do if you inherited $1,000,000 (after taxes) today?
Oh that’s easy! First, I would pay off my mortgage in full (there is about $150,000 left today). Then, I would set aside the rest of the money into one year CDs at four different banks (since you should give it some time to think before acting on the windfall). Honestly, after a year, I would probably lump sum the money into my regular AA and then call it quits. I’m pretty burnt out from the tech industry and would love to try something else. My net worth right now is around $500k and another $1 million would most definitely be enough to call it quits for good, as that would give me about 35 years’ expenses saved with the mortgage gone. Continue reading