Reply to What a self made multiple millionaire would do in your shoes to increase your net worth.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]New poster here. Thanks for offering to do this. 
HHI fluctuates between 400k and over 500k depending on end of year bonus, split evenly between dual salaries (although mine might go down slightly as I transition to a new role). Own a home worth just over 725k but owe almost 650 on it (we bought with little down FHA but are about to refinance with a conventional loan at a lower rate to lower our payment substantially each month). Hoping to buy a slightly larger home in the 1M range to stay close-in with more room. 10k in college savings for one DC. Max out our retirement accounts and have about 275k in those. No other investments or income. Somehow between childcare, life insurance, car payment (honda civic) and life, we only save about 60k a year. Not sure where to go from here. We are blessed (until the last few years we made very little) but seems like we should be further ahead. We have also had to give money to family over the years (extreme circumstances with illness) so money went there too. Thanks in advance.[/quote]

What ares do you want to move to?  Describe your current property (location, type, bedrooms, etc).  You save $60K per year, but have no money in investments or savings? ages?[/quote]

23:48 Back. We are hoping to stay close in to the city or a close suburb. Current property is 1600 sq ft, 3 bdrm 2 bath about a mile from the center of the city in NW (row house). We have about 75k in short term savings, 10k in college savings, about 275k in retirement accounts. We just started making money in the last few years and every year have had a major expense (wedding, down payment on home, fertility treatments). We are 37 and 40. Thank you for doing this. [/quote]

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