Currency |
United States Dollar - USD |
Date Joined |
12/16/2020 |
Salary Range |
80,000 - 89,999 |
Occupation |
Government |
Age Range |
30-34 |
Cost Of Living |
High Cost Of Living (HCOL) |
About Me |
Federal Employee. Married w/ Kids. Just trying to get by!
Goals: 07/2023 - Reach 1 million dollar total net worth by January 1, 2033 02/2024 - Reach 1 million dollars in my TSP account by January 1, 2040
Milestones: 09/2023 - Mortgage free - bought a house with cash 01/2024 - $500K net worth (34-me/28-wife, years old) 02/2024 - $100K in TSP Retirement (87 months since opened)
Salaries: (Mike+Wife) Started with NWS 2016: 35K+20K (ages 26 & 20) 2017: 42K+25K (ages 27 & 21) - Kid #1 2018: 47K+50K (Wife got new job) (ages 28 & 22) ---Moved & Switched jobs-- Started with FAA-Wife decided to stay at home. 2019: 50K (ages 29 & 23) - bought house. 2020: 78K (ages 30 & 24) - Kid #2 2021: 81K (ages 31 & 25) 2022: 84K (ages 32 & 26) 2023: 89K (ages 33 & 27) ---Moved & Switched jobs-- Started with DoD 2024: 86K (ages 34 & 28) |
Why I Joined |
Compare and track. I also use Personal Capital, but due to dual authorization and security of banking sites, its getting harder to use without hassle. |
Best Financial Decision |
Invest. Invest. Invest. I started investing small amounts at 18. But started really heavily investing at 26. |
Worst Financial Decision |
When I bought my house with a VA loan I paid extra to buy a lower interest rate, then refinanced anyway 1 year later. |
Current Investing Strategy |
Invest in TSP and Roth IRA. I also have a little bit in crypto. I'm >90% Stocks, Aggressive Growth.
April 1, 2024 - Decided to just take the hit and bumped my TSP contribution to 15%: 9% traditional and 6% Roth. Still getting the bonus +5% match. Plan to go 7%(T)/8%(R) split when I get my pay raise in August. |
How do you manage your finances? |
I'm a combo of "The Money Guy" FOO and "Dave Ramsey" Baby Steps. |
What tools do you use? |
Personal Capital, Excel |
I need financial help with... |
Future Prospects, Plan for the future, Taxes |
Favorite Authors |
Dave Ramsey, The Money Guy Show, Caleb Hammer |
Favorite Books |
Total Money Makeover, Everyday Millionaires, Smart Money Smart Kids, Strong Fathers, Strong Daughters Reading List: 07/11/2023 - The Landlords Troubleshooter |
Website |
https://www.sofi.com/invite/money?gcp=b1160b9e-012b-4436-a42c-e7edfdcc2905&isAliasGcp=false |
Last Login |
5/2/2024 |
Budget |
View Budget |