Hello Everyone,
I am a new member on ER.org, but have been a long time saver. My journey started when I discovered about personal finance at 27, but the saving really started when my income increased at 29. I've saved enough to purchase my 1st investment property (live + rent out 2 rooms) 2 years ago at 31.
I think and talk about FIRE with my bf all the time, but he is not too interested... yet .
So I'm really glad I found this forum!
Currently, I want to buy another investment property but feel like I can't save fast enough. With the goal to retire at 40 and travel the world, I feel that I am behind... plus being burned out at my day job doesn't help either.
Here's my financial breakdown. Would love to know how I am doing?
I'd also would love to hear some advise on how you keep yourself motivated.
Age: 33
Salary: $71,000 (before tax)
Savings: $1400
Emergency Fund: $22.5k
Credit: $1278 (pay off at the end of the month)
Stock: $29k
401k: $31.5k (16% pre-tax income)
RothIRA: $80k
REI Fund: $23k
House: $150,000 ($64k loan balance)
Total Net: $272k
Thanks, everyone!
I am a new member on ER.org, but have been a long time saver. My journey started when I discovered about personal finance at 27, but the saving really started when my income increased at 29. I've saved enough to purchase my 1st investment property (live + rent out 2 rooms) 2 years ago at 31.
I think and talk about FIRE with my bf all the time, but he is not too interested... yet .
So I'm really glad I found this forum!
Currently, I want to buy another investment property but feel like I can't save fast enough. With the goal to retire at 40 and travel the world, I feel that I am behind... plus being burned out at my day job doesn't help either.
Here's my financial breakdown. Would love to know how I am doing?
I'd also would love to hear some advise on how you keep yourself motivated.
Age: 33
Salary: $71,000 (before tax)
Savings: $1400
Emergency Fund: $22.5k
Credit: $1278 (pay off at the end of the month)
Stock: $29k
401k: $31.5k (16% pre-tax income)
RothIRA: $80k
REI Fund: $23k
House: $150,000 ($64k loan balance)
Total Net: $272k
Thanks, everyone!
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