|United States Dollar - USD|
|2 lawyer couple living in LA. 1st kid born July 2016.
AGI 2010 and before: Still in school and essentially zero.
AGI 2011: ~$127,000.
AGI 2012: $208,257.
AGI 2013: $256,299.
AGI 2014: $345,422.
AGI 2015: $413,767.
AGI 2016: $434,716.
AGI 2017: 545,827.
AGI 2018: 443,547.|
|Why I Joined|
|To learn from others and to keep a record of our financial progress over time.|
|Best Financial Decision|
|Committing to paying off crippling student loan debt as quickly as possible|
|Worst Financial Decision|
|Acquiring crippling student loan debt|
|Current Investing Strategy|
|Max-out retirement accounts; auto-deposit $750 into Betterment account each month; save between $5,000 and $10,000 each month in money market savings account (depending on expenses that arise) with 2.25% interest while saving for down payment on first house. |
|How do you manage your finances?|
|We use the cash budget taught by Dave Ramsey, although now that we are debt free, we are a little more sloppy than before. But, we do try to stick to the cash budget and not use debit cards unless it's necessary for certain types of purchases. We do not use credit cards and will not borrow money except for a conservative mortgage. Our retirement investments are fully automated, and most of our monthly expenses are automatically paid. Our monthly living expenses amount to about 50% of our take-home pay, so the only thing we have to do each month is decide what to do with the other 50%: save, invest, give, or spend?|
|What tools do you use?|
|Mint.com, Fidelity, Vanguard, gurufocus|
|I need financial help with...|
|$zero to -$300k: 27 years; -$300k-$zero: 5 years; $0-$100k: 5 months; $100k-200k: 11 months; $200k-300k: 6 months; $300k-$400k: 9 months; $400k-$500k: 16 months; $500k-$600k: in progress.|
|Seth Klarman, Dave Ramsey|