|United States Dollar - USD
|200,000 - 249,999
|Cost Of Living
|High Cost Of Living (HCOL)
|Scottish guy Married to a Thai girl and we have one young daughter together. The wife and I are both maxing out our 401k, Roth IRA's, HSA. Residing in Calif currently. Both of us work in tech jobs and the salary range is for both our salaries combined.
The one thing that I must stress to all that read this, especially to younger savers, is that hardest journey is from zero to 1 million, it takes the longest. But, for 2+ million, if you look at any profile here on this site, you will see that the journey to the next million(s) is much faster and just goes exponential. That my friends is compounding interest! You shouldn't wonder how the rich get richer, you should aspire to get to 1 million yourself. One thing I found it once my portfolio got to 500k, it then started to really accelerate, so your goal should be first to get to 500k in savings. So don't give up and keep going until you get to that goal first. When the market is down and your portfolio is down, just buy more. Our govt will print money until it blows up the currency.
|Why I Joined
|The only way to get time freedom is through money, so I need to track my money. I will retire early. F.I.R.E follower, working on for Fat FIRE. The final goal is 3m at which point I retire or Financial Independence Recreational Employment mode.
|Best Financial Decision
|Using a networth tracking site, buying a small house, paying it off early, max contributions to 401ks, Roth IRAs and HSA. Putting the leftover income into brokerage accts. Live below your means so you can buy your freedom.
|Worst Financial Decision
|Not saving for retirement sooner. Not saving for retirement sooner. Not saving for retirement sooner. Not saving for retirement sooner. For those of you not listening. Save early, save often. Let compounding do the hard work. Refinancing my house too many times rather than just paying it down. Not saving for retirement sooner, if you are young, save for retirement now. That is the one lesson that you should take from any of these profiles. I've had to save extremely aggressively in order to get where I am because I'm older also.
|Current Investing Strategy
|Obtain retirement income through index investing and 4% rule.
|How do you manage your finances?
|I don't balance my checkbook. I have a cushion of savings. Vanguard! You need to own stocks to stop losing out to inflation. Don't let the govt take away your hard earned money, by ASSETS (Stocks and Real Estate)
|What tools do you use?
|I need financial help with...
|Getting invested instead of sitting in cash. VTI, VOO, QQQ and getting out of Bonds, no longer buying bonds, they are a loosing bet with the level of inflation we have.
|Millionaire Next Door - Thomas J. Stanley's books, jlcollinsnh.com, madfientist.com, choosefi.com, gocurrycracker.com, rootofgood.com, millennial-revolution.com
|Rich dad poor dad, millionaire next door, the simple path to wealth
|Wall Street 1/2 (You got 90% of the American public out there with little or no networth. I create nothing! I own.)(What's your number? more), Tron Legacy.
|This user has not created a budget