|
Typed a really long update and it disappeared! UUGH.
Anyway, the gist of it is that I have been working hard on cutting expenses and increasing savings. IRA/401(k) now at $120K and taxable brokerage account at $31K.
$111K owed on a mortgage, but selling the inherited house (that is paid off) this summer for between $60 - $80K, and then really hitting the remaining $31 to $51K mortgage hard to get it completely paid off in 2 more years.
I got a 2% raise on base pay as of Jan 1, 2017 - that is going directly to the 401(k) - no lifestyle inflation for me. I also took a weird shift that pays a $5000/year premium and have been doing it for one year now.
Doing some work on the mountain rental property this summer that should yield a 20% jump in rental revenues over next ski season. (The improvements will bring my property from silver to gold rating making the rental rates and occupancy little higher. Spending approximately $2K out of last winters profits to get this done. Doing most of the work ourselves, but will need to hire a guy to do a little tile work for one or two days.)
I have been learning a lot over the last year and see that I need an increase in income as well as getting my spending down even more. I may not make my target retirement date of June 2019, but I sure as heck am gonna do everything in my power not to be working when I am in my 60's!
|
Linear Mode
