Pushback #8: Wheres the line item for college cadeau pour un ado geek savings?!
If nothing ever came up, wed live our lives red wine balsamic reduction for steak as planned.
With an awesome subway system and cheap ride sharing, one car is enough for a family of four. .
With selling costs still stubbornly high at 5 6, selling so quickly after buying isnt an optimal move, especially because of the kids.A very simple solution to growing rich is to simply track your finances for free online like how youd track your weight by stepping on mim reduction 20 a scale at least once a week to keep yourself honest.Equality would dictate that 200,000 200,000 400,000, which is the compromise our politicians made.Got something to say?When its time for them to leave the rat race, theyll at least have a sizable 401k balance and a good amount of home equity if real estate continues to increase with inflation.Student Loans (32,000 Law school tuition runs 50,000 a year for three years.Due to inflation, low interest rates, and the desire to not outlive your money, try to shoot for 20X your average gross income over the past three years.Car problems are the last things they want to deal with.Subscribed 2,500, target, subscribed 2,500, target, voted!You cant compare your cost of living to their numbers if you dont also live where they live.If nothing ever came up, you wouldnt have people with less than 5,000 in savings after 10 years of work.
What if one spouse loses their job or wants to take a break from the grind?
Making money as a W2 wage slave is the worst way.
Childrens Lessons (12,000 Its a competitive world out there and these parents want the best for their kids.
Then there is the cap on mortgage interest deduction on mortgages up to 750,000 from 1,000,000.
Now imagine how much college costs a year in 10-20 years?
They are a real couple who shared with me their financial details to anonymously share with you.This article will discuss why many folks who earn a large income wont be retiring any time soon.Theres probably room to lower the couples effective tax rat by 5 with some aggressive accounting.500,000 income analysis, largest Expenses, taxes (185,600, 40 effective tax rate The government doesnt believe in two high-earning working spouses.Car Payments (9,600 With two precious ones, the parents decided to lease two family-friendly vehicles: a BMW 5 series and a Toyota SUV with third row seating.
Eventually, youll accumulate a large enough financial nest egg where you can do whatever your heart desires.