| 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)
Base 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) +300HR OT = $120K
2023: 89K (ages 33 & 27) +500HR OT + $150K
---Moved & Switched jobs--
Started with DoD
2024: 86K (ages 34 & 28)
[email protected] |
| Why I Joined |
|---|
| Compare and track. Be part of a community that is financially literate. |
| Best Financial Decision |
|---|
| Buying my house in 2019. I bought a house that I knew would appreciate above average. It cost me a tad more than what I wanted, but I really loved it and knew others would love it also, when we move. We bought at 260K in June 2019, and sold August 2023 for $397K. While we were living there, we paid down the $260K mortgage to $160K. So, after realtor fees (6%/$25K) after selling we walked away with $220K. We moved to Illinois and bought our home in cash for $215K. This one move changed our trajectory and gave us options for our futures! |
| Worst Financial Decision |
|---|
| When I bought the house in 2019, with a VA loan, I paid extra to buy a lower interest rate. Then refinanced 1 year later anyway due to rates lowering. My lender did give me a decent deal, so it didn't cost much to refinance but it was overall a dumb move from the start, to pay $$$ to lower my rate from 4.25% to 4% then refinance to 3%. Roughly it was a $4K-$5K mistake. |
| Current Investing Strategy |
|---|
My Wife and I have completely combined incomes and put everything into joint accounts. It is OUR money not his/hers.
Invest in TSP and Roth IRA. I also have a little bit in crypto. I'm >90% Stocks, Aggressive Growth.
|
| 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 |
|---|
| Anything Boyd Craven |
| Favorite Movies |
|---|
| Shawshank Redemption, Schindler's List, The Patriot, All the Lethal Weapons, V for Vendetta, Dumb and Dumber, Anything Jim Carey, Yes to Mel Gibson, All the Matrix and John Wicks, A Knights Tale, Dark Knight all, John Candy is my spirit animal, ghostbusters -- the originals, not the new ones! NO HORROR, Zombieland! Hunger Games, Robinhood - Mel brooks, Russell Crowe and the Costner versions. Most Avenger movies. Most X-Men, 007 - Peirce Brosnan and some Sean Conery. Finding Forrester, Happy Gilmore, Billy Madison, We all love Chris Farley. Robin Williams should still be making amazing movies! |
| Website |
|---|
| https://www.sofi.com/invite/money?gcp=b1197a55-8be4-42a9-a6e6-521c8d6974a2&isAliasGcp=false&fbclid=IwZXh0bgNhZW0CMTEAAR2zYTQdMQPCBZAa_iTYViu2Z9q9-CbPxpS81lYvx1wTCXGiknWiV1kM0Kk_aem_ARFXbvXdmgC7L3fKkZ1pWt-H-e6VXE87fTO3lnfTZ3zbtn9z8ysKoOaJg1aGiezbI52KJYmUg5RTQ8qFdtdnRT8s |
| Last Login |
|---|
| 9/9/2024 |
| Budget |
|---|
| View Budget |