Hello everyone,
31M living in New York, moved here 2 years ago from Europe.
I am a Software Engineer who makes 185k per year, my saving account has 55k in it, 401k is at 30k, and I have stocks for 40k.
I am planning to get to more than 100k of savings by end of 2026, and to be honest I am not entirely sure on what to do next, the only thing I am sure of is that I will move back to Europe in 2027, and that I probably want to quit my job and do something that is more about what I can do for the world, instead of what I can do for my boss.
At the end of 2026 my 401k should be about 50k.
My options/ideas:
1. Keep 60k in savings and invest everything else that gets into my account after that for the next 2 years. Realistically I will be able to invest 1500$ per month.
2. Keep saving and quit my job when my savings + stocks are around 150/200k, and try to start a Software Product business: I have the idea but I would have to build it and prototype for six months to an year before even being able to pitch it/present it properly.
3. Shift to entrepreneur and quit my job. Learn more about investing on startups and test the angel investor ground. Very risky. Could genuinely lose everything with a couple of wrong choices.
4. Invest the 100k in properties. This is not a great choice in the UK (where I want to go back to) especially after the recent legislation changes.
Thoughts? What would you do if you were in my situation?
I'd appreciate different point of views. Thank you!