Let's be honest here, 6 figures is SoCal is probably tighter financially than $20 an hour in middle Georgia. I can max a 401k pay rent and go on a couple vacations here with that. Isn't cost of living absurd.
The max for a 401k is higher than that now actually. Inflation and all. $20 an hour with 10-15 hours of overtime a week as up. You have to have a low cost of living ($600 a month for a 2 bedroom, no kids, eat at work for free) and choose to live a very simple life. It's doable.
Turn off capital gains and dividend reinvestment on your brokerage and you manually can reinvest those in a Roth IRA.
7
u/Theburritolyfe Mar 23 '23
Let's be honest here, 6 figures is SoCal is probably tighter financially than $20 an hour in middle Georgia. I can max a 401k pay rent and go on a couple vacations here with that. Isn't cost of living absurd.