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Money and Finances
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[quote=Anonymous] So to translate: You are saving $17K each into 401K, plus employer matches, so thats about $45K a year. You are putting away $1500 a month into savings, so thats another $18K a year. Plus the $15K a year into 529. Plus presumably, $5K to $10K a year in mortgage debt reduction With at least $350K in investments (If this is your emergency fund, then whats your investment fund? $1M? $2M?) growing at 6% a year or so... That means that in a normal year, you save $70 to $80,000 a year in savings. You probably reduce your debt load by $10K a year. You likely gain at least $20K or $30K a year in investment income. So, your net worth is growing by at least $120K a year. Dont sweat the next two years honey. I have $1.2 to $1.3M ... saving every penny and being careful. It became very stressful for me to worry about the little expenses. I just decided "screw it, im young, i make good money, ill make more later, im going to stop hitting $100K a year in net worth, and I'm going to aim for $75K." Since I did that, my stress has melted away. Simple solution here sweetie. Really simple. [/quote]
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