Hello all! This is my first time posting here, so hopefully I'm doing this right. Anyway, I'm 36, married, no kids (and none coming).
My goal is to first get my savings to a respectable amount, then or at the same time begin investing/saving for retirement. Let's say 55 yrs old as a retirement goal (knowing that might not be realistic based on the info below). Both savings and retirement are at 0. My wife though is at 20k retirement, but will not be working soon, and I will be the sole money maker. We will be debt free by about years end, hence why I want to start putting a plan together.
I make 100k/yr, which will continue to go to bills (mortgage, phone, internet, etc) and stuff for pleasure like vacations.
I also make approximately 25k (which will likely only increase) in royalties and payments based on a brand I created for the company I work for. So... my question is, knowing that I'll have between 15-20k after taxes per year of this income, what would be the best way to begin saving/investing?
And definitely let me know if I'm doing this wrong and I'll be sure to bugger off!! Thanks for any feedback. :)
Submitted July 01, 2017 at 09:46AM by davedechant http://ift.tt/2tbRYbH
