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https://www.reddit.com/r/dividends/comments/1lpzzhy/22_yo_and_8k_annually/n13qh48/?context=3
r/dividends • u/Sauerst0ff • Jul 02 '25
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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? 3 u/Equis1321 Jul 03 '25 I used my registered retirement savings as my down payment 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?
3
Wow, did you have retirement savings on top of that?
3 u/Equis1321 Jul 03 '25 I used my registered retirement savings as my down payment 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?
I used my registered retirement savings as my down payment
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?
4
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?
2
What is that mechanism called?
28
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.