dahcdahc
Confused about dryer sheets
Hello to all-
Would like to say that I've only been on this forum for 30 minutes, and I am pleased with what I am reading. Wish I had found it sooner, but better late than never.
First of all, I keep seeing posts about your Fire date....know what it means, but was hoping I could gain some insight on how to calculate mine.
I am about to be 30 here in a few months, and am about to build a new house in preparation for our first child. Scared to death, as this is the first time I'll consider my self in debt. However, we are fortunate enough that her father will be the acting GC, and won't be charging us a dime to do it. We will be putting 70K of our own money into the deal, and borrowing 200K from the bank.
I have about 85K in my IRA (folks started one for me at 12 or 13), another 15K in my 401K, and another 100K in various stocks, etc. My plan is to see where I stand for now, check my projections on my savings alone, and everything my wife and I can save/invest on her money is only gravy on top.
Any idea what my chances are at Early Retirement?
Thanks, and glad I found this place!!
Would like to say that I've only been on this forum for 30 minutes, and I am pleased with what I am reading. Wish I had found it sooner, but better late than never.
First of all, I keep seeing posts about your Fire date....know what it means, but was hoping I could gain some insight on how to calculate mine.
I am about to be 30 here in a few months, and am about to build a new house in preparation for our first child. Scared to death, as this is the first time I'll consider my self in debt. However, we are fortunate enough that her father will be the acting GC, and won't be charging us a dime to do it. We will be putting 70K of our own money into the deal, and borrowing 200K from the bank.
I have about 85K in my IRA (folks started one for me at 12 or 13), another 15K in my 401K, and another 100K in various stocks, etc. My plan is to see where I stand for now, check my projections on my savings alone, and everything my wife and I can save/invest on her money is only gravy on top.
Any idea what my chances are at Early Retirement?
Thanks, and glad I found this place!!