Rationaleyes
Registered User
- Messages
- 22
Hi All,
I am late 20s and looking for advice on where to place any extra cash I will have. So currently I max my pension at 15% with a 5% company match, all in equities. Have done since the start of this year. I have been in this company since mid 2016 and had been contributing 5% to get the company match since then. I plan to contribute 10% of last years gross income to the pension too before the deadline in October. I have recently (unfortunately) inherited a portion of a house which I am buying out the other parties in. I will be getting a mortgage with a <60% LTV and then start paying that at around 2.9%. Currently I have ~11k in the pension and ~32K in my bank account. After the house purchase and any content purchases etc. in july I will run a calculation on my yearly income/expenditures, and my savings rate, which should come out as ~48% of my Gross salary, including all pension contributions. I am wondering what to do with any monthly savings in the future, after paying mortgage, bills, etc.
I have been reading on various different vehicles for saving as efficiently as possible, from P2P lending, US-ETFs (up to $60k), paying down a mortgage as quickly as possible, but I don't honestly know which of these (or a mix) is best for saving. Any advice would be great. As with many nowadays I'm looking to get on the path to financial independence far sooner than the government retirement age (if it even exists by the time im close to it).
Thanks!
I am late 20s and looking for advice on where to place any extra cash I will have. So currently I max my pension at 15% with a 5% company match, all in equities. Have done since the start of this year. I have been in this company since mid 2016 and had been contributing 5% to get the company match since then. I plan to contribute 10% of last years gross income to the pension too before the deadline in October. I have recently (unfortunately) inherited a portion of a house which I am buying out the other parties in. I will be getting a mortgage with a <60% LTV and then start paying that at around 2.9%. Currently I have ~11k in the pension and ~32K in my bank account. After the house purchase and any content purchases etc. in july I will run a calculation on my yearly income/expenditures, and my savings rate, which should come out as ~48% of my Gross salary, including all pension contributions. I am wondering what to do with any monthly savings in the future, after paying mortgage, bills, etc.
I have been reading on various different vehicles for saving as efficiently as possible, from P2P lending, US-ETFs (up to $60k), paying down a mortgage as quickly as possible, but I don't honestly know which of these (or a mix) is best for saving. Any advice would be great. As with many nowadays I'm looking to get on the path to financial independence far sooner than the government retirement age (if it even exists by the time im close to it).
Thanks!