I've been with my company for just shy of 4 years. I started working for them on Sept 28, 2016. I thought I was going to hit 100k in my 401k back in March but damn you Corona virus! Ive been waiting for this day for sometime and also - same day, we hit $1M net worth. I am so damn proud of my husband and I.
Back in 2013, my husband and I bought our first rental property on an FHA loan and 3% down. We lived in a tiny 1 bedroom for 2 years and the first floor covered our mortgage 100%. We purchased our second rental property in 2017, and put 20% down and moved out 1 year later, profiting $1890 between the two properties a month. Now we are living in our 3rd rental property, and have been living well below our means. We save 60-70% of our income which immediately goes into saving and retirement. When all of my friends are purchasing new vehicles, and spending copius amounts of money on their wardrobes, I'm content with spending money on experiences with my family that we will remember forever.
Currently we are looking for a single family home and though we were approved for $700k, I'd feel most comfortable in a home worth $375-$425k. It's simple. Live below your means. I'm proud to say we have $245k in cash just waiting for houses to come on the market. I'm hoping for a housing market crash so we can buy in cheap, but we will see. I have no one to tell, except Reddit but it's 6:35am, my daughter's asleep, we have one more baby on the way (due Jan 2) and couldn't be happier right now.
Back in 2013, my husband and I bought our first rental property on an FHA loan and 3% down. We lived in a tiny 1 bedroom for 2 years and the first floor covered our mortgage 100%. We purchased our second rental property in 2017, and put 20% down and moved out 1 year later, profiting $1890 between the two properties a month. Now we are living in our 3rd rental property, and have been living well below our means. We save 60-70% of our income which immediately goes into saving and retirement. When all of my friends are purchasing new vehicles, and spending copius amounts of money on their wardrobes, I'm content with spending money on experiences with my family that we will remember forever.
Currently we are looking for a single family home and though we were approved for $700k, I'd feel most comfortable in a home worth $375-$425k. It's simple. Live below your means. I'm proud to say we have $245k in cash just waiting for houses to come on the market. I'm hoping for a housing market crash so we can buy in cheap, but we will see. I have no one to tell, except Reddit but it's 6:35am, my daughter's asleep, we have one more baby on the way (due Jan 2) and couldn't be happier right now.
I am very into FIRE, but not lean fire. I do enjoy working, and we definitely spend money on things we want, but we've found a great balance and have made some decent decisions. Honestly unsure what I'd do if we FIRE'd, what I would most enjoy investing my time into - but it's exciting to think about!
