Originally Posted by HI Bill
Living below one's means is the second.
We have been doing that for a while.
So we did get a late start due to life stuff, errors etc.
We have been debt free except for the house for years. We just bought a home again 4 years ago. We have been concentrating on paying that off more so than investments. We had home issues in the past and wanted to be secure our home. We have been living/spending a little while paying down the home. We are have paid off more than 1/2 in less than four years.
I am 56, the wife is older. Been thinking that we need to increase retirement amounts now instead of waiting 2.5 years till the house is paid off. Figured you can only put so much in a year and we will benefit more from the tax savings now.
I increased my Deferred Comp today quite a bit while still leaving enough to pay down the house. We will just have to spend a little bit less.