Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-26-2016, 01:02 PM   #21
Full time employment: Posting here.
 
Join Date: Jul 2014
Posts: 616
Welcome! You've got a lot of different factors impacting your financial situation, but it sounds like you are on the right path and focusing on the important things. Increasing your savings/investments with any extra money will help in both the short and long term.

You mention wanting to travel more to create memories for your daughter. I can't speak for anyone else, but I know my strongest memories of my family are the everyday moments we spent together. Your attention and time are the things that will stay with her.

You're still young and have a lot of time, so the little changes you're making now will have big impacts long term!
__________________

__________________
Katiek is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-26-2016, 01:35 PM   #22
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 1,725
Quote:
Originally Posted by wallymama View Post
Are we totally screwed?
Just the fact that you are aware of your FIRE needs, are motivated to act on them, and are fairly young puts you ahead of the pack. Keep control of your spending to the extent that you can, LBYM, save and invest in low cost funds/ETFs. You will show progress over time. Good luck.
__________________

__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 06-26-2016, 01:50 PM   #23
Recycles dryer sheets
Taxman59's Avatar
 
Join Date: Sep 2014
Posts: 484
Quote:
Originally Posted by Katiek View Post
You mention wanting to travel more to create memories for your daughter. I can't speak for anyone else, but I know my strongest memories of my family are the everyday moments we spent together. Your attention and time are the things that will stay with her.
I completely agree! I am 57, and can remember fondly playing Parcheesi every day at lunch when I was in 1st through 3rd grade with my mother. I would walk home from school for lunch and play while we ate. I wouldn't give up those memories for anything.
__________________
Taxman59 is offline   Reply With Quote
Old 06-26-2016, 06:01 PM   #24
Dryer sheet aficionado
 
Join Date: Apr 2016
Posts: 27
Welcome! You've taken the first step in that you recognize you want to take action. DW and I are in the same age bracket, different circumstances but the same desire to finish up w*rk early. First suggestion, read and learn all you can if this really interests you. You'll find there isn't just one path to FI, but many and many pros/cons of each depending on individual situation and needs. Second suggestion, find the path that works for you and build your strategy around it. Ignore the hype of X investment is the best, Y fund is the way to go, do X with your cash... Find, based on your learning, what is good for you and keeps you motivated over the years- end of the day no strategy is good if you can't stick with it.

DW and I focused on paying off our debts (excluding mortgage) before we heavily started investing beyond our company 401ks etc to get matches. We refi'ed our mortgage down to a 15yr with low interest rates to work on getting that done quicker as well. From there focused on high quality dividend paying stocks and low cost index funds. This was just our path but may not be appropriate for you or your interests. Keep asking questions, keep learning and best of luck!
__________________

__________________
CabinLifeAt50 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mid 30s (married with young kids) w $5m NW Target aroundtheblock Hi, I am... 23 07-12-2017 06:21 AM
FIRE - family and friends just can't relate! bearkeley Life after FIRE 79 11-09-2015 12:55 AM
Mid 30s couple with ~10-15 year FIRE goal IMD801 Hi, I am... 2 05-29-2014 07:36 PM
Fellow FIRE Posters in Their 30s? z-d-g Life after FIRE 20 11-28-2011 10:49 AM
Planning to ER next year, in my 30s. IDunno Hi, I am... 27 02-21-2005 05:09 PM

 

 
All times are GMT -6. The time now is 11:09 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.