Latest responses to “I Remember Breaking Past The $10,000 Savings Mark” Copyright 2013, MoneyBlueBook.com 434900 2010-06-10T23:02:27-07:00 jermonte $10,000 is a good savings goal. There are rich haters out there who may or may not have struggled before. I reached the $10,000 within 2yrs of my first job after buying a house and having my baby boy. I got the job at 25 and hit the savings goal at 27. I took up daytrading big money on April 5, 2010 before the crash began. I raised $15,000 and used an Interactive Broker account 1:4 leverage. I net 30.7% between April 05, 2010 to June 09, 2010. My largest intra day trade was for transacted on June, 08, 2010 for $1344.77. Now my goal is get to the $25,000 trading account level to be a SEC approved pattern day trader (PDT). Point being numerous landmarks made in a matter of 2 years once I got focused on the big picture. 1) GET MARRIED, 2) Save a down payments for a house, 3) Have a baby, 4) Save 10,000, 5) Get a trading account, 6) Make an intraday trade of $1000, and 7) Get PDT Status and get rich. Gotta stay focused and choose what you want out of life. Instead of fixing my broken down 96 Accord that still continues to have a busted winshield, I stayed focused and put my money where it will stack. Every year a new car hits the scene and when I am finally stacking the big chips, I will get one. GOAL 8) is to place a 100,000 trade and make $2000 intraday. Let's get it. 434890 2009-05-29T16:48:51-07:00 Raymond Tim, I remember breaking past the $10,000 savings mark, but I don't quite remember exactly the moment when that happened oddly enough. I believe it was sometime after I started working my first real full time job after law school. Thus it was probably around 25 years of age. The years prior to that, I was a full time student and the part time jobs I had during the summers and during the school years did not result in much savings. I had savings from my part time job days but I always quickly squandered them away on frivolous materialistic pursuits. It took me quite some time to develop the proper savings mentality and get my financial priorities in order - and those things weren't possible until I cut the proverbial parental financial umbilical cord and started fending for myself after graduate school. 434880 2009-05-29T16:36:36-07:00 Tim Raymond, Great post. How old where you when you hit the $10,000 mark ? Lily, this may just be sour grapes... but i can't help but get annoyed at your "my bonuses are well over $10,000" - sounds like you are in the financial industry. The greed of wall street has effected us all horribly over the past year. I wonder how you are fairing now. Part of me hopes that you have fallen from your pedestal, part of me is ashamed for wishing that. I do however suspect you wasted all your money on shiny bobbles. 434870 2009-04-09T05:17:27-07:00 Raymond Hassseem, Please remember to continue taking your meds and stay away from sharp objects. Good luck. 434860 2009-04-09T05:08:22-07:00 Hassseem A curse on all infidels, heathens, Crusaders and other non Muslim persons!! allah ahkbar!! I have noit savings -- only 300 dinars for to buying a new goat. I am poor Muslim man..allah ahkbar!! Please for to send me $$ for tom buy more goats??!! Please!! Just send to Hasseem el-Rafsanjani in Tikrit, Irak, Middle East. Thank you!! allah ahkbar!! 434850 2008-05-31T19:11:44-07:00 mina Hi Raymond, Thank you for posting this valuable life's lesson to the day shifting and paradigm carnival. We basically have the same life experience, just a bit of twist from yours (smile) but all the way, I find your article encouraging and yes, this will be included in the next post. I'll send you a confirmation once posts were in placed. This is inspiring! 434710 2008-01-30T02:49:19-08:00 Raymond Mark - I only included plain old cash in my $10,000 tally since retirement funds are only meant to be unsealed at the time of retirement. Glad you are hitting your financial stride after crossing your milestone as well! 434700 2008-01-28T14:08:47-08:00 Mark @ TheLocoMono Yes, it can be tough to break that mark. I am curious as to whether if breaking that mark includes retirement funds or just plain ole cash? I broke the mark a few years ago before I hit my 30s and it seems like after I broke it, I was able to begin hitting my stride because before I knew it, I started breaking the 20K mark and now closing in on the 30K mark. Pretty soon before this year is over, I should be approaching the 40K mark. It is very exciting and truly motivating. Budgeting is what is probably the hardest thing to do because of priorities, needs, and wants but in the end, budgeting is the best way to break the mark. 434830 2008-01-24T14:19:27-08:00 A I saw this on PaidTwice! My Husband and I are in college and although we have a decent amount of cash built up in our savings I know that come May we will be moving, paying for housing and a whole slew of other expenses- not to mention the school loan repayment that will begin aproxamatly November. All excess cash will go there- for a long time! I can't wait till I have 10K in unallocated cash! I am so excited! 434820 2008-01-23T15:58:12-08:00 MMJ I remember the good old days, before children and the house. We had over 14k in the bank account, but then came the house down payment and the Mrs. left full time work to be a SAHM. We will get there once again. Slowly but surely.