Hi MMM community,
My name's Aline. I'm new here. I'm so happy that I recently discovered Mr. MM's blog, and I'm also elated that there's a community available to me for advice and social chit chat and whatnot. :) Finally a place where I can talk about riding my bike around town to save gas and people won't think I'm bat shit insane! :P
As you might guess by the title, I'm a college student. I have roughly 2 and a half more years to go. Unless something crazy happens, my scholarship, the fact that my college's tuition is dirt cheap, the monetary birthday gifts I've collected over the years since I was a wee one (always been a saver), and the jobs I've picked up along the way will mean I will have no student loans. Yay! :D
I also have a car that I paid for myself right off the bat when I got it. No loans or anything like that.
I am fortunate enough to live at home and commute to university and have parents who pay for absolutely everything else. Groceries, insurance, phone bill, gas, gym membership...everything. I guess they figured since I paid for the "big stuff" they would cover everything else. My father absolutely insists on covering the rest. I Can't say no to that. I try to keep costs at a minimum for them in return. I shop at thrift stores for the most part, ride my bike around town instead of driving my car, and thanks to the $10 iPhone bill MMM post I'm researching that, too...as a tangent however, I have a weakness for expensive exotic and organic food, unfortunately. Then again I cook for my family several times a week so they get the benefits too, haha :P I figure my spend-thriftiness now will train me for when it really matters later anyhow.
I have exactly $13,106 in the bank, and it never gets touched because of the above reasons. My summer internship that I have right now and my tutoring gig during the school year contribute to it on a regular basis. The company that I am doing the internship with pays really well and seems to like me so it is likely I will continue working for them during summer and winter breaks until graduation. I did some guesstimating the other day and after paying off the last bit of tuition and all that, if all goes well, I will have roughly $50K in the bank come graduation day.
Also, luckily there is a family trust coming down the inheritance line that involves real estate (rental units) and some cash. Right now it's kind of fuzzy stuff, but my generous father wants to make sure it gets to me eventually.
So...I don't want to toot my own horn, my situation is pretty great, but...I have no clue how to maximize my assets while I am still sheltered in this wonderfully cushy situation. I really have no idea what 401k's are (something about retirement), Roth IRA's, you name it (okay I know what a CD is...that's probably about it). Thanks to my parents I haven't had to deal with that kind of thing much yet. *sheltered*
I have a goal to retire in my 30s like MMM. I love the idea of sticking it to the man early in life, not being a drone, and instead living a simpler life working on my tiny little dream house (carpentry runs in my family's blood), having my own veggie garden and...you know, kind of like Lenny and George's dreams in "Of Mice and Men" (I wanna pet the rabbits!).
I also have what I think is an ingenious plan to make all my working money here where I live where the cost of living is super high and then move somewhere cheaper (visited Colorado last summer and fell absolutely in love...and what do you know, it's cheaper than the crazy ass state I live in!) I think it is diabolical in the most stick-it-to-the-man sense...muhahaha. *strokes evil mustachian mustache*
Where do I start? How do I take the first steps during college to achieve badassity? I've seen some stuff on the blog about investing...but would love a more tailored response to my situation. :)
Thanks for reading my story, I'm looking forward to meeting and talking to all you great Mustachians. :)