| Currency |
|---|
| United States Dollar - USD |
| Date Joined |
|---|
| 3/1/2018 |
| Salary Range |
|---|
| 100,000 - 149,999 |
| Occupation |
|---|
| Government |
| Age Range |
|---|
| 40-44 |
| Cost Of Living |
|---|
| Medium Cost Of Living (MCOL) |
| About Me |
|---|
Completed a Bachelors degree in 2007 (General Business)
Completed a Masters degree in 2013 (Public Administration) |
| Why I Joined |
|---|
| Track my networth here as Networth IQ was not working so well and has been shut down. Keep statistics on my savings behavioral patterns. |
| Best Financial Decision |
|---|
| I took a position running my Fraternity House in 06/2007 that has allowed me to live rent free and utility free up until 08/2013. I left this position in the middle of August 2013. While doing this I realized my potential to save heavily for my retirement. I also began modestly saving for another vehicle (for when mine dies) and a house for the future. This position has enabled me to finally max out my TSP government retirement (similar to a 401k plan) in 2010 as well as max out my Vanguard Roth IRA for 2011. I began contributing into my government TSP account is 07/2008 and maxed it out in 2010 at $16,500 with a 5% matching. I opened a Vanguard Roth IRA in August 2009 and I started maxing out Roth IRA at the $5000 limit as of 2011. As of 2013 the Roth IRA contribution limit was increased to $5500, which I have been maxing out in contributions. I was saving for a house but my wife purchased one in 2015 and I am assisting in the mortgage payments (we were married 06/30/2018). I am currently saving $114 for another car (even though mine works fine) so I can pay almost the whole cost of the car rather than take an automobile loan out. I did this when I bought my current car in 05/2015. Also I paid off my student loans within 9 months (November 2007 to July 2008) as not to have any long-term debt! I also prepay my car excise tax every year to get a 2% discount from the town. I pay my car insurance in full every 6 months to receive a very large discount. |
| Worst Financial Decision |
|---|
| Not opening up a Roth IRA while I was in college. |
| Current Investing Strategy |
|---|
Currently focusing on dividend stacks to increase quarterly dividend income to then reinvest.
SAVE, SAVE, SAVE! Save all change and roll it! Return bottles for the redemption money! |
| How do you manage your finances? |
|---|
| On a bi-weekly basis utilizing 32 different bank accounts while using my credit cards solely for their financial benefits and cash back discounts. |
| What tools do you use? |
|---|
| I use Mint.com and net worth calculator from Personal Capitol (www.personalcapital.com) now to get a daily numbers rundown!!!! Online bank accounts (separate long and short term funds with different bank accounts), managing my budgets and allocation of money on paper (yes with ink and paper, will start using excel one day), and almost daily or every other day analyzing my credit card statements, TSP and Vanguard statements, and bank accounts. |
| I need financial help with... |
|---|
| Managing money with my spouse once I get married. This will be a little more challenging. |
| Favorite Authors |
|---|
| Authors of "The Millionaire Next Door", Garrison Keillor (Host of A Prairie Home Companion radio show) |
| Favorite Books |
|---|
| Nineteen Eighty-Four, Fahrenheit 451, and Casino Royale |
| Favorite Movies |
|---|
| 1984, Fahrenheit 451, and Catch Me If You Can, Awakenings |
| Last Login |
|---|
| 9/14/2024 |
| Budget |
|---|
| This user has not created a budget |