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Hello,
I have been a lurker on this forum and finally joined as a member. I am 35 years old. DW is 33. Have 2 wonderful kids (7 and 5) that keep us on our toes all the time.
We are LBYM family (credit goes to DW) that managed on single income from 2005 - 2011 (DW stayed home to raise our kids) and we haven't had the opportunity to save much during our mid - late twenties.
We never believed in taking loans (except for mortgage currently at < $170K). All our credit cards are paid in full every month and our vehicles (used) are paid for in cash
I Worked with Megacorp for 10 years with pension benefits and recently switched to another Megacorp. DW joined the workforce has been working with Megacorp for the past 3 years. With kids in public schools, our day care expenses reduced and dual income is helping with boosting our 401k's and savings since last year. We are maxing our 401K's starting this year.
Here's our current financial status
Tax deferred accounts: $210K
Taxable accounts: $20K
Property (overseas): $120K
Emergency Fund to cover 1 year of expenses.
I look forward to learning more from this community and experience power of compounding along with other community members.
Best,
VJ
I have been a lurker on this forum and finally joined as a member. I am 35 years old. DW is 33. Have 2 wonderful kids (7 and 5) that keep us on our toes all the time.
We are LBYM family (credit goes to DW) that managed on single income from 2005 - 2011 (DW stayed home to raise our kids) and we haven't had the opportunity to save much during our mid - late twenties.
We never believed in taking loans (except for mortgage currently at < $170K). All our credit cards are paid in full every month and our vehicles (used) are paid for in cash
I Worked with Megacorp for 10 years with pension benefits and recently switched to another Megacorp. DW joined the workforce has been working with Megacorp for the past 3 years. With kids in public schools, our day care expenses reduced and dual income is helping with boosting our 401k's and savings since last year. We are maxing our 401K's starting this year.
Here's our current financial status
Tax deferred accounts: $210K
Taxable accounts: $20K
Property (overseas): $120K
Emergency Fund to cover 1 year of expenses.
I look forward to learning more from this community and experience power of compounding along with other community members.
Best,
VJ