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Old 03-14-2016, 12:40 PM   #61
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Your savings seems light. Im guessing your expenses are really high?

To put in into 33, wife 31...combined we bring in $140k...On jan 1, 2016 we had a combined net worth of $618,000. We do not own any properties...thats just 401's, roths, savings and taxable investments.

Not bragging...just showing that you do not need to make a lot of money to accumulate money. We're living proof.

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Old 03-14-2016, 01:14 PM   #62
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Originally Posted by dand76 View Post
You may want to take a look Fidelity's index funds to lower your expense ratio.
You might also look at Vanguard Target Retirement 2050 Fund(VFIFX) with expense ration of .16% (versus .75% for Fido). The 10 year graph of this fund looks very similar (but even better than) to Fidelity's.

FIRE reality = Aug 25, 2016
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Old 03-14-2016, 08:45 PM   #63
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Just max out the 401k & 2 Roth IRA's.
Cut your living expenses & you have it made.
"I couldn't wait for success, so I went ahead without it."
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Old 03-14-2016, 10:18 PM   #64
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At 32 I had a negative net worth. At 42 I retired with a comfortable 7 figure portfolio. To make that happen, I needed to take some risks (start a business), seriously improve my career skills, and save aggressively.

So, you could get on track, but you need to make some changes to what you are currently doing.

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Old 03-15-2016, 12:14 AM   #65
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I think you're way ahead of the game just paying attention to it and educating yourself. You're bound to make improvements along the way now that you're aware of where your money is going.

To that end, I think the biggest help for us has been using a budgeting tool to actually make a budget each month because it gives us a plan to follow.

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