<prompt> Human: Hello all, I have a great job that I love that I am starting soon and I want some advice on how to best save for my future. Neither of my parents ever earned more than 30k combined we were consistently below the poverty line and I was the first person in my family to go to college. This is more money than I could ever imagine, but I want to make sure I am becoming financially independent for both them and myself. I want to buy a car and I am getting an apartment which will be my greatest expense since I will need to drive to work.Some details about myself:1. No debt at all no student loan debt, car debt or credit card.2. I have about 40k in total. I have about 20k in a few Vanguard indexes SP 500, Small Cap, Emerging Markets, Tech, etc. and 20k in raw savings. I worked all throughout collegesummers and pretty much saved as much money as I could.3. Personal background: Economics and Engineering, BA, and Masters. Questions:1. I was thinking of buying a car with my 20k in savings. Should I buy a new or used car? I care more about reliability and was thinking of buying a new hybrid for 25k. If I can get a reliable used car that would be the best situation, but heard getting a new especially with my situation is best.2. I found an apartment and my housing would be about 1000month. This is more than I wanted to pay, but I figure Id live in a nice place thats pretty close to work and in a good area.3. I want to spend max 2,000-2500 food, housing, car insurancemaintenance and gas and invest the rest of my money. I can do this myself and do not plan to get an advisor. Will likely just do mostly SP500 and a few other indices.4. Invest 10,000year into a retirement fund.That would mean I could invest up to about 100k a year after taxes and retirement contributions. Am I doing enough? I generally am a pretty frugal person do not care about spending a lot of money or having nice things, but I still like to occasionally go out and I have worked all my life to get to this point. I have never earned this much and my family has a history of being bad with money that I am trying to break. I want to do this mainly so I can not worry about money, enjoy the comfort more and take more life risks in work and otherwise. I always have an irrational fear I will be fired though I have never been and my life will be over. Obviously, this is extreme, but it comes from the fact that financially I have no fallback or inheritance, which although it does not bother me, gives me more reason why I really want to be financially independent so I can enjoy work and life a bit more. I also want to save up so I can give my parents money annually in a few years, eventually, buy my mom a nice house and car, but I do not want to do that until that money can be justified with adequate savings. For myself I just want to buy a Tesla Model 3 eventually and a nice house not anytime soon, however. Otherwise, I just would like to travel once or twice a year. Thanks! This subreddit really did a lot for me and was the reason I started investing a few years ago and realizing that someone like me could become financially independent.  <response>: Invest 10,000year into a retirement fund. That would mean I could invest up to about 100k a year after taxes and retirement contributions.This is not enough for retirement. You should max your 401k at 18k a year. You should contribute 5.5k a year via a backdoor Roth IRA. If you have a HSA available, max it. 