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Reply to "If your HHI went from $350k to $900k +"
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[quote=Anonymous]This happened to us to us about five years ago. DH was an equity partner working his ass off carrying a small firm circling the drain and guaranteed a ~$200K draw that he didn’t always get. Switched to another firm where he gets a cut of the business he manages without being on the hook for what the rest of the firm is doing that he’s not responsible for. HHI variable but has been between $600K and $1.1M. We - Paid off a ton of debt we had accumulated while not always getting that draw Were finally able to refinance our house, cutting the payment almost in half Paid off student loans Replaced two cars that were 11 and 12 years old Stayed put but have renovated the kitchen and redone windows and siding Bought a vacation house and two investment properties. Have done a lot of work on all of them and they’re rented out Socked away a lot of money for retirement and 529s and we overpay monthly mortgage payments by about 20% extra every month going to principal [/quote]
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