chris66
Recycles dryer sheets
- Joined
- Jan 21, 2014
- Messages
- 78
You're doing great. I see you are still focused on paying of the mortgage. I have to restate what was said a year ago -- maxing out your 401K and other investments is probably the better way to go. But, I understand having no debt can be liberating, and if that's your goal, then that's what you gotta do. It may mean a little longer to your goal. Kids may also change your plans.
I got serious about saving around 28 myself, and retired 20 years later. But, I didn't have kids, and I got uber serious about investing in the past decade during my marriage -- so I was dumping money in during the recession and continuing during the growth. The timing was lucky (the behavior, tho, was because I had learned about investing). DH and I also both had high incomes.
Also, like you did with your spouse, choose your friends wisely, too. It's easier to live simply when you're younger. Your peers aren't raking in the bucks necessarily, and they're still dealing with things like student debt, so even if they aren't LBYM, they still have some constraints on their spending. The pressure to consume to show your status grows as you get older, especially if you hang out with folks sometimes referred to as "aspirationals".
You're definitely on your way! Keep the updates coming. I'm pulling for you
I got serious about saving around 28 myself, and retired 20 years later. But, I didn't have kids, and I got uber serious about investing in the past decade during my marriage -- so I was dumping money in during the recession and continuing during the growth. The timing was lucky (the behavior, tho, was because I had learned about investing). DH and I also both had high incomes.
Also, like you did with your spouse, choose your friends wisely, too. It's easier to live simply when you're younger. Your peers aren't raking in the bucks necessarily, and they're still dealing with things like student debt, so even if they aren't LBYM, they still have some constraints on their spending. The pressure to consume to show your status grows as you get older, especially if you hang out with folks sometimes referred to as "aspirationals".
You're definitely on your way! Keep the updates coming. I'm pulling for you