Her first 100k

[Mon1986]

Anyone else trying to achieve this! Not doing bad so far; though fear I’m not allocating it correctly so all advice gratefully received;
I’m 35 FYI, no DC but we are trying.

14k in Stocks and Shares ISA Vanguard Lifestrategy
60k in cash ISAs Easy access though probs should change
20k though madly fluctuating in Crypto

Pension is about 60k though I’ve just started a job with a Defined Benefit pension scheme

I’m not really counting the Crypto as part of the money as so high risk so about 74k total saved 🙂

Been very fortunate to be able to save so much as I have a good job now but in my twenties we both were seriously strapped for cash! It’s really been the last 5 years that I’ve been able to accumulate

I’d never heard of herfirst100k but I really agree that support for women to invest is hugely important. I opened my stocks and shares ISA 5 years ago having always saved in cash (or made mortgage overpayments) before: it’s made a difference to my total wealth even over the bumpy pandemic years and the cumulative effect of compound interest means it should continue to grow from here. I really wish I’d known enough to open it in my 20s (not that I had that much to save then).

Thanks for starting the discussion here OP - agree it’s too easily shut down or ignored. Though I also agree with PPs that £60k in cash is too much unless saving for something specific. I’ve got enough for a 2-3 emergencies to happen in quick succession (cost to replace / fix our car, boiler and roof for example) and the rest is invested. It works so much harder for me that way 😊

I’d say too much in cash ISA and not enough in pension for your age. I also don’t think your crypto allocation is too much. I think it’s a wise move
Do take into account big changes when or if you decide to have DC.
I caution including equity in your home as part of your assets unless you plan to move/downsize imminently. Nobody knows what will happen to house prices or home/unearned wealth tax in the future so it’s risky to include it. Maybe half it and use that figure to account for economic changes ? We have been unlucky with house equity for various reasons so I'm always cautious about it.

Shared with DH (34yo):

Premium bonds £20k
Cash account £10k
Stocks shares ISA £240k

Pension £90k (mine only). Not sure about DH but likely similar
House equity £250k
Crypto £150k (fluctuates wildly and I trade very frequently)
Business investment account £130k

DC have JISAs which I’m aiming to get them close to their first £100k by the time they are 18. Lucky buggers.
With compound interest, I’m hoping to grow the ISA and my pension significantly until I'm 60.

wow really nice thread. It's great to be able to put your own circumstances into perspective.

Flat 1 : 300k equity
House 2: 168k equity
cryto : 13k
saving: 10k

Currently at the beginning of a reno so all spare cash is going into the build for the next 1 year. Hoping it will be worth it.

Really interesting to see the amounts some people have saved
@Fretfulmum you've saved a phenomenal amount. How did you do it? job? inheritance?

our circumstances for context
Hubby (33) and I (32)
with respective salaries of 110k ( law) 220k(medical)

loads left over every month, but all being sucked up by the house at the moment

I agree it's refreshing to see a thread where women can openly discuss their finances.

I'm absolutely clueless about money and making smart decisions but am starting to consider getting a financial advisor. No idea where to even start on that!

My situation. 43, shared with dh:

Equity : £400k
Joint savings : £50k
Personal savings : £15k
Pension : about £100k
His pension : about £250k

We earn around £350k between us and I'm due a one off payment of around £800k in the next year or so. I had recently started to think property is a good thing to invest in but I think that's purely because I'm very unimaginative when it comes to this stuff

@CollegeDoctor86 most of savings are from compound interest which we have accrued over many many years. I started stock investing at 18yo with very small amounts of money which have accrued to very large amounts of time

Wow some amazing success on this thread!

Anyone trying to achieve this goal on an average salary?

Age 52

Stocks and shares ISA 42k
Crypto 20k
Barclays shares 2.5k
Easy to get to savings 6k
Flat 200k , no mortgage

Joint with my DH
House with 525k equity
Various pensions, just under 1.4 million.

DH has some savings, I haven’t asked how much.

Has anyone here listened to Her First 100k podcast or followed her on SM? She is very inspiring.

I have a DB pension that I have been paying into since I was 21 (I am now 38, same company). Obviously it isn't a 'pot' as such but will pay out a good amount. My accrued pension calculation up against the LTA is currently £285k.

I have other DC pensions worth £30k.

Equity of around £400k shared with DH but our monthly payment is huge because we did a loft/extension so DSS could move in.
DH is 15 years older than me so we want to clear the mortgage sooner rather than later.

I also have a few hundred quid in a LISA and a hundred or so in crypto. Plus a small cash emergency fund.

@Waferbiscuit - im a single mum (no maintenance from ex) with 2 dds and have saved over 100k. Yes it would be easier if there was other household income but it’s not impossible as a single woman or mum. Not at all - girls should aim high.

Isa £1000
Cash £10k
Premium bonds £30k each
100% Equity in home
Two rentals worth £350k bring in £14000 pa no mortgages.
Several Pensions due to pay out various amounts between £4000-£23000 each pa.
Gold, jewelry, fine wine etc £20k

Love this. Age 32, DH 38.

Equity in house: approx 200k
Investment portfolio (managed by FA & covers ISA, S&S etc): 480k
Pension: me approx 25k, DH approx 100k
Separate own ISA: 22k
Joint separate savings (easily accessible & half to be moved to investment portfolio): 25k

I’m aiming to boost my pension over the next year. I’ve just started a higher paying job after mat leave, so wanted to see the lay of the land in terms of our expenses.

We’ve got two big expenses this year - a car for me & flights to Australia. That’ll probably take up most of our savings, but we’re saving approx 5k per month currently.

One DS, no school fees etc but something to look into in the future.

Well done on your savings OP...just a few thoughts..
I'd echo what others have said -

1. Your pension allocation seems low.

1. You have a large amount in your cash ISA - I think moving some of this to your Vanguard investment ISA would be worth thinking about.

The Vanguard Lifestrategy fund lets you choose your level of risk (from 20% - 100% investment in worldwide stocks & shares, with very low fees). At the higher risk catagory I think the return on investment has been above 16% this financial year? If my calculations are accurate that would have been over £9K extra for your money in the cash ISA, if it had been invested.

1. What is your housing siutuation? With interest rates still low, and the LISA if open to you, there are advantages to thinking about buying if you have not already done so.

1. If you want to gamble, I'd buy a lottery ticket rather than crypto - cheaper, safer and probably a greater chance of hitting the jackpot!