glock35ipsc
Dryer sheet wannabe
- Joined
- Jul 17, 2006
- Messages
- 21
Hello everyone. Well, my first post was a screw up already! I posted this in the wrong forum, so here it is again
I've been looking around this site for a week or so now, and I think I finally found a group that thinks the way I am trying to think.
First I found the Rich Dad site, but their methods and means are not the same as mine. I am not very interested in real estate, and that seems to be the largest push there. Nor does buy and hold investing seem to be popular there. Although I have learned alot, I think this place will be a better fit. I have read books like The Millionaire Next Door, The Millionaire Mind, Richest Man in Babylon....and they are more to my liking.
I am 36 y/o, have a fantastic wife of 12 years who is 30, and two wonderful children. We both hope to have enough to RE, although we have yet to define the "E". My wife contributes the maximum matching % to her 401(k), and started contributing to a 457 about a year ago. I contribute the max to my SIMPLE IRA at work, as well as an extra 3% to a Roth IRA.
We also hold 5 stocks that are DRIPs. As of late, we have been buying the minimum dollar amount allowed in the DRIP stocks. We do have some debt, and are trying to pay that down as quickly as we can.
I tried doing some trading with my Scottrade account, and found out that I am better off not trading. Grin I was able to find some good buys, but wound up being a pig and didn't sell when I should have and watched then go up......then down.
I hope we are on the right track to RE. I am convinced now more than ever that the best thing for us is to continue contributing the max to our retirement plans through work, working on reducing our debt, eventually maxing out the Roth IRA annually, and continue contributing to the DRIP stocks monthly along with trying to increase that monthly amount as we go.
At the rate we are going now, we should be debt free, other than the mortgage, in four years. I hope to be a frequent visitor here in the very near future!
Bob
I've been looking around this site for a week or so now, and I think I finally found a group that thinks the way I am trying to think.
First I found the Rich Dad site, but their methods and means are not the same as mine. I am not very interested in real estate, and that seems to be the largest push there. Nor does buy and hold investing seem to be popular there. Although I have learned alot, I think this place will be a better fit. I have read books like The Millionaire Next Door, The Millionaire Mind, Richest Man in Babylon....and they are more to my liking.
I am 36 y/o, have a fantastic wife of 12 years who is 30, and two wonderful children. We both hope to have enough to RE, although we have yet to define the "E". My wife contributes the maximum matching % to her 401(k), and started contributing to a 457 about a year ago. I contribute the max to my SIMPLE IRA at work, as well as an extra 3% to a Roth IRA.
We also hold 5 stocks that are DRIPs. As of late, we have been buying the minimum dollar amount allowed in the DRIP stocks. We do have some debt, and are trying to pay that down as quickly as we can.
I tried doing some trading with my Scottrade account, and found out that I am better off not trading. Grin I was able to find some good buys, but wound up being a pig and didn't sell when I should have and watched then go up......then down.
I hope we are on the right track to RE. I am convinced now more than ever that the best thing for us is to continue contributing the max to our retirement plans through work, working on reducing our debt, eventually maxing out the Roth IRA annually, and continue contributing to the DRIP stocks monthly along with trying to increase that monthly amount as we go.
At the rate we are going now, we should be debt free, other than the mortgage, in four years. I hope to be a frequent visitor here in the very near future!
Bob
