INTRODUCTION:
ME AND MY FINANCIAL SITUATION: Chris, 32, single (never wants to marry), homeowner, only $20,000 in a 401k so far, $1,000 in saving, homeowner (not paid off), no credit card debt, no crazy fancy lifestyle, Army Reservist, and only make about 45k/yr. civilian and Army combined.
I joined this site after posting one thing as a guest and receiving wonderful/meaningful replies. I hope to learn much from coming here regularly. I don't really know too much of what I am doing with the finances thing. I just 'wing' it and do what seems safe at the time.
I know there has to be more and there has to be a better way to invest and obtain completely worry-free financial freedom.
So far, I plan to get rid of the mortgage payment by paying it off as soon as possible. I start in a month to religiously pay an extra $100 on my mortgage per month towards the principal. (Automatic payment=out of sight out of mind).
In addition, I will make an extra payment in February. I want my auto-payments paid ahead of the month instead of always behind it.
Hopefully, I can increase the amount I drop into the mortgage over time and get this paid off SOON!
I will continue to put away 10% of my pay into the 401k the whole time of course.
(Not much $ left over for fun, huh?)
After the house is paid, I want to invest the equivalent of the mortgage into SOMETHING or SOMETHINGS that accelerate into the financial status most of you enjoy.
Now that you know me, any and all advice is ALWAYS welcome!
Thank you!
ME AND MY FINANCIAL SITUATION: Chris, 32, single (never wants to marry), homeowner, only $20,000 in a 401k so far, $1,000 in saving, homeowner (not paid off), no credit card debt, no crazy fancy lifestyle, Army Reservist, and only make about 45k/yr. civilian and Army combined.
I joined this site after posting one thing as a guest and receiving wonderful/meaningful replies. I hope to learn much from coming here regularly. I don't really know too much of what I am doing with the finances thing. I just 'wing' it and do what seems safe at the time.
I know there has to be more and there has to be a better way to invest and obtain completely worry-free financial freedom.
So far, I plan to get rid of the mortgage payment by paying it off as soon as possible. I start in a month to religiously pay an extra $100 on my mortgage per month towards the principal. (Automatic payment=out of sight out of mind).
In addition, I will make an extra payment in February. I want my auto-payments paid ahead of the month instead of always behind it.
Hopefully, I can increase the amount I drop into the mortgage over time and get this paid off SOON!
I will continue to put away 10% of my pay into the 401k the whole time of course.
(Not much $ left over for fun, huh?)
After the house is paid, I want to invest the equivalent of the mortgage into SOMETHING or SOMETHINGS that accelerate into the financial status most of you enjoy.
Now that you know me, any and all advice is ALWAYS welcome!
Thank you!