Is 130 000 Dollars A Lot For A 23 Year Old

Is $50,000 a lot of savings for a 30 year old in the US to have in the bank?

Good job! Hopefully you're debt free or interest is higher than any debt interest otherwise its a wash. From a business perspective you can do a lot with $50k, leveraging out the value using invoice discounting, letters of credit or buying income generating assets such as machinery you can rent out or campervans or even flipping cars at the auction for example. I commercialise small businesses and many of them start from $60k in value so your hard work and diligent savings will stand you in good stead. Suggest reading the beermat entrepreneur to start with. You may even be able to buy a whole or part of an existing business. Personally I do not recommend crypto as an ‘investment’ for your hard earned savings, IMHO.

I am 24 and make $100k a year. I have about $130k saved up, and have no debt. I'd like to be a millionaire by 30. Where's the best place to invest?

I am 24 and make $100k a year. I have about $130k saved up, and have no debt. I'd like to be a millionaire by 30. Where's the best place to invest?Not to sound obnoxious, but most of the advices here are “crowd” wisdom -> It won’t make you THAT much money.So you are 24, 130k saved, 100k/yr.Let’s say you’ll make:100k in 2017 at 24110k in 2018 at 25120k in 2019 at 26130k in 2020 at 27140k in 2021 at 28150k in 2022 at 29160k in 2023 at 30You’ll make 910k, BUT, you need to tax the money + spend the money to live, otherwise, what’s the point of having money if you don’t spend it? . . .You then need to insure that your salary will follow this trajectory, which is absolutly non obvious (many will think it is), you need to insure that the salary will be recurring, etc…Let’s say you are left with 60k/yr flat, each year (which is a generous assumption).Let’s break this down:You need to achieve 13% CAGR to turn your $130k into $1M in 7 years, adding each year $60k.Things that will NOT yield you 13% per year for seven years straight:Index FundsMega Cap StocksREIT/Real Estate at this point of the cycleAccounting for the fact that usually return is proportional to risk, you can’t make that return doing the things that crowd wisdom suggests.You need to have a bit of vision:Which countries will have increased their GDP the most by 2023?Which companies are going to make the biggest % of revenue there?Which REIT are exposed to those countries?How would I go about buying properties with a 25% downpayment there? Etc.What about the currency risk? What about their monetary policy? What about the laws and bureacracy there? Etc etc..And we are just talking about nominal return, not real return…Bottom line: Lower your expectations, especially if you are a novice and don’t know anything about finance, economy and business.Luckily for you and me you can study hard and acquire the knowledge to make a lot of money.But my friend, if you hope to find the magic tip that yields you 13% per annum on Quora you won’t go that far walking on your own or without sheer luck.The first question you should ask yourself is why you’d want to become a millionaire by 30. Why not a different amount and a different age. Will the increased pressure to reach your arbitrary(!) goal improve your health? Or maybe will it make you take more risks, increasing the probability of you getting poorer instead of richer?Think about itGL

I am 27 years old. I make around $170k a year and have $250k saved. I find that all the Financial Advisors that would take me on as clients are not up to par. Is it reasonable to think I can manage my own money?

Yes.It is perfectly reasonable. With a solid (presumably) reliable income like yours, you don't need to have a complicated financial savings strategy. Basically, you just need a way to protect the real purchasing power of the ample resources that you manage to set aside. If I  might make the further assumption that you are well educated and intelligent, then your likely hood of financial success investing for yourself is extremely high if you follow a few basic steps:1) don't be greedy. Betting it all on one stock,  one tip, one 'sure thing' in an effort to get outsized returns and retire at 28 is how most self directed investors find ruin. 2) youth is on your side. This makes sound investment advice simple: buy the lowest cost (fees)  S&p index fund. Place between 50 and 75‰ of your savings into it and dont touch it till you are 70 1/23) whatever you do with the remaining 25% wont matter. Buy bonds and reits if you are conservative, or hold a portfolio of diversified (10-12) individual stocks if you are interested in the stock market and willing to do the homework required to investigate and follow the stocks after purchase4) best advice : continue to live below your means. At your income level, happiness can be easily found spending several tens of thousands dollars less than your full salary.