| Date Joined |
|---|
| 10/4/2016 |
| Salary Range |
|---|
| 100,000 - 149,999 |
| Occupation |
|---|
| Government |
| Age Range |
|---|
| 40-44 |
| About Me |
|---|
| Cop with 20.8 years of service. Married. Both savers and investors from the start. Promised wife that she could retire after 20 years of work in corporate. She quit work on her 41st birthday, a year ahead of schedule. Having put in 20 years, I too can leave my job any time I want to from here on. But, work is still meaningful and it's still worth it to stay a few extra years. Every extra year bumps up my pension by a little bit. |
| Why I Joined |
|---|
| To track my progress. I love looking at numbers, especially when they go up. I view it like a video game. |
| Best Financial Decision |
|---|
| Marrying a smart, frugal wife; Living on 1 income; purchasing rental property after the last crash; maxing out my 457/401k for the last 16 years out of a total of 20 years; starting 457k at 20% from the start of my career; never expanded our lifestyle to fit our (mainly her) increasing incomes. |
| Worst Financial Decision |
|---|
| Liking new cars. Now, buying CPO cars instead of new, but we like nicer cars now. So, only a slight move up in price. A slightly used Mercedes is still more expensive than a new Honda Accord. |
| Current Investing Strategy |
|---|
| We're living on my income alone. So, we need to keep being frugal. Keep saving and investing, though not as much since we're now a single income family. Looking at options other than real estate. Try to max out my 457k and 401K in order to lower taxes. Try to stay an extra 5 years on the job to make sure my pension will last well after retirement. Still keeping an eye out on the real estate market, in case a great deal comes along. Goal is more passive investing as I get older. |
| How do you manage your finances? |
|---|
| I just try to save/invest as much as I can from my paycheck and let the wife handle what's left of it. I pay myself first, and I don't feel guilty spending the rest. Well, maybe a little guilty. We are still quite frugal and living well below our means. |
| What tools do you use? |
|---|
| Calculator, notebook, my iphone notes. Very crude. And, this website. |
| I need financial help with... |
|---|
| How to generate similar returns as our real estate now that most of the real estate has been sold off. |
| Favorite Authors |
|---|
| Suze Orman; Warren Buffett; Bruce Lee; |
| Favorite Books |
|---|
| Rich dad, poor dad was the book that started me on the journey; Millionaire next door; |
| Favorite Movies |
|---|
| Lord of the ring, braveheart, saving private Ryan |
| Last Login |
|---|
| 4/4/2018 |