| Currency |
|---|
| United States Dollar - USD |
| Date Joined |
|---|
| 12/16/2020 |
| Salary Range |
|---|
| 80,000 - 89,999 |
| Occupation |
|---|
| Government |
| Age Range |
|---|
| 30-34 |
| Cost Of Living |
|---|
| High Cost Of Living (HCOL) |
| About Me |
|---|
Federal Employee. Married w/ Kids. Just trying to get by!
Goals:
07/2023 - Reach 1 million dollar total net worth by January 1, 2033
02/2024 - Reach 1 million dollars in my TSP account by January 1, 2040
Milestones:
09/2023 - Mortgage free - bought a house with cash
01/2024 - $500K net worth (34-me/28-wife, years old)
02/2024 - $100K in TSP Retirement (87 months since opened)
Salaries: (Mike+Wife)
Started with NWS
2016: 35K+20K (ages 26 & 20)
2017: 42K+25K (ages 27 & 21) - Kid #1
2018: 47K+50K (Wife got new job) (ages 28 & 22)
---Moved & Switched jobs--
Started with FAA-Wife decided to stay at home.
2019: 50K (ages 29 & 23) - bought house.
2020: 78K (ages 30 & 24) - Kid #2
2021: 81K (ages 31 & 25)
2022: 84K (ages 32 & 26)
2023: 89K (ages 33 & 27)
---Moved & Switched jobs--
Started with DoD
2024: 86K (ages 34 & 28) |
| Why I Joined |
|---|
| Compare and track. I also use Personal Capital, but due to dual authorization and security of banking sites, its getting harder to use without hassle. |
| Best Financial Decision |
|---|
| Invest. Invest. Invest. I started investing small amounts at 18. But started really heavily investing at 26. |
| Worst Financial Decision |
|---|
| When I bought my house with a VA loan I paid extra to buy a lower interest rate, then refinanced anyway 1 year later. |
| Current Investing Strategy |
|---|
Invest in TSP and Roth IRA. I also have a little bit in crypto. I'm >90% Stocks, Aggressive Growth.
April 1, 2024 - Decided to just take the hit and bumped my TSP contribution to 15%: 9% traditional and 6% Roth. Still getting the bonus +5% match. Plan to go 7%(T)/8%(R) split when I get my pay raise in August. |
| How do you manage your finances? |
|---|
| I'm a combo of "The Money Guy" FOO and "Dave Ramsey" Baby Steps. |
| What tools do you use? |
|---|
| Personal Capital, Excel |
| I need financial help with... |
|---|
| Future Prospects, Plan for the future, Taxes |
| Favorite Authors |
|---|
| Dave Ramsey, The Money Guy Show, Caleb Hammer |
| Favorite Books |
|---|
Total Money Makeover, Everyday Millionaires, Smart Money Smart Kids, Strong Fathers, Strong Daughters
Reading List:
07/11/2023 - The Landlords Troubleshooter |
| Website |
|---|
| https://www.sofi.com/invite/money?gcp=b1160b9e-012b-4436-a42c-e7edfdcc2905&isAliasGcp=false |
| Last Login |
|---|
| 4/19/2024 |
| Budget |
|---|
| View Budget |