recursion49
Dryer sheet aficionado
- Joined
- Jul 19, 2012
- Messages
- 28
Hi everyone,
Just wanted to reach out for some advice from this forum!
Here's my financials as of today:
Cash: $5k
Investments: $150k
Home & Auto: $300k
Auto: $30k
Total Assets: $485k
Mortgage: $225k
Auto Loan: $20k
Credit Card: $0
Total Liabilities: $245k
Net Worth: $240k
Life insurance (me + spouse): 30-year, $1M policy for each for $750/yr
Savings rate: $20k-$25k/annual (401k + taxable + 529 + ESPP)
Allocations:
55% - U.S. Growth
10% - International Large Cap Index
5% - Emerging Markets Index
5% - Gold
25% - U.S. Bond Index
I think we stick to a relatively skinny budget (having slimmed down drastically from our earlier free-spending days). Having hit my 30th birthday not too long, I wanted to check in to see what the forum thinks of our current trajectory. I'm hoping to retire at 45, which is a bit of a stretch at this point but a good longer term goal. My wife is currently a stay-at-home mom, with my two kids (4 and 1), with plans to eventually return to work once the kids are a little older. Are we on the right track?
Another side question I have is, since we started dialing back on our budget, it seems like boredom has become a bigger problem since dining/entertainment had been a significant portion of our spend. Does anyone have the same experience, or maybe some tips? Hobbies are one thing, but can't be hobby-ing endlessly either! I was thinking of maybe suggestions regarding planning short getaways with family to keep costs low while getting tons of fun in the meantime? We live out by coastal Virginia, if it matters!
I look forward to your thoughtful responses!
Just wanted to reach out for some advice from this forum!
Here's my financials as of today:
Cash: $5k
Investments: $150k
Home & Auto: $300k
Auto: $30k
Total Assets: $485k
Mortgage: $225k
Auto Loan: $20k
Credit Card: $0
Total Liabilities: $245k
Net Worth: $240k
Life insurance (me + spouse): 30-year, $1M policy for each for $750/yr
Savings rate: $20k-$25k/annual (401k + taxable + 529 + ESPP)
Allocations:
55% - U.S. Growth
10% - International Large Cap Index
5% - Emerging Markets Index
5% - Gold
25% - U.S. Bond Index
I think we stick to a relatively skinny budget (having slimmed down drastically from our earlier free-spending days). Having hit my 30th birthday not too long, I wanted to check in to see what the forum thinks of our current trajectory. I'm hoping to retire at 45, which is a bit of a stretch at this point but a good longer term goal. My wife is currently a stay-at-home mom, with my two kids (4 and 1), with plans to eventually return to work once the kids are a little older. Are we on the right track?
Another side question I have is, since we started dialing back on our budget, it seems like boredom has become a bigger problem since dining/entertainment had been a significant portion of our spend. Does anyone have the same experience, or maybe some tips? Hobbies are one thing, but can't be hobby-ing endlessly either! I was thinking of maybe suggestions regarding planning short getaways with family to keep costs low while getting tons of fun in the meantime? We live out by coastal Virginia, if it matters!
I look forward to your thoughtful responses!