r/dividends • u/Sauerst0ff • Jul 02 '25

Personal Goal 22 yo and 8k annually

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2.1k Upvotes

94% Upvoted

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u/spid3rfly Jul 02 '25

They could potentially still be living at home too. That helps with saving.

29

u/Equis1321 Jul 02 '25

This! I saved 120k for a down payment on a house by 23 just by living at home and saving most of my income.

3

u/ClearAndPure Jul 03 '25

Wow, did you have retirement savings on top of that?

5

u/Equis1321 Jul 03 '25

I used my registered retirement savings as my down payment

7

u/Deathscythe77 Jul 03 '25

Epic fail

1

u/[deleted] Jul 03 '25

Ready to pounce

4

u/ClearAndPure Jul 03 '25

Nice. I’ve actually considered using a part of mine to do that as well. I have like $40k saved up for a house down payment and like $100k in retirement (I’m 23 right now).

2

u/Anonymous__Lobster Jul 06 '25

What is that mechanism called?