I am new on this forum. I hope I can find people to advise me on how I can reach FIRE. Here is my situation:
I am 32 with
Cash: 35k
Real Estate: 240k
Emergency Fund: 45k
Student Loan: -25.8K
Mortgage Debt: -120k
Therefore NW = 174k
Monthly income = 6.6k
Monthly expenses = 3.6k
Monthly savings = 3k
When do you think I can reach FIRE? How much do I need to FIRE?
I am not sure how to invest my cash and future savings. Friends tell me to put 15k per year in 401k, it is my first year working in the US, so I am discovering that possibility. But I also want to have available cash in case I find a good real estate or business opportunities.
Thanks for commenting
I am 32 with
Cash: 35k
Real Estate: 240k
Emergency Fund: 45k
Student Loan: -25.8K
Mortgage Debt: -120k
Therefore NW = 174k
Monthly income = 6.6k
Monthly expenses = 3.6k
Monthly savings = 3k
When do you think I can reach FIRE? How much do I need to FIRE?
I am not sure how to invest my cash and future savings. Friends tell me to put 15k per year in 401k, it is my first year working in the US, so I am discovering that possibility. But I also want to have available cash in case I find a good real estate or business opportunities.
Thanks for commenting