Hey all,
So really the purpose of this post is me trying to reach out and gather wisdom from more seasoned individuals who have already walked these financial paths that I've yet to walk.
To start things off, a little about me.
I'm in my 20's. US active duty military. If you count all military pay entitlements I make roughly 40K a year; I save religiously each paycheck. My net worth was >30k at the start of the new year. No debt of any kind. Paid for car. I contribute 20% net income towards retirement(index funds); I save another 50% net pay into savings. My monthly expenses are 20-30% of my net income.
The biggest goal I have in this life(other than finding the right special someone/starting a family) is to own a house by the time I'm 30. I aspire for that stable suburban life. Something I can plant roots and build memories with. That's what drives my desire to save as much as possible. A pipe dream would be to pay cash for a <150k house, and if that's not feasible then a 15 year note paid off as early as possible. In the area I plan on moving back to a $150k house is by no means a mansion. It gets you a well taken care of older home on a good side of town, though.
I guess what I'm getting at is, am I doing this right?
I'm continuing my education so that when it's my time to leave the service I'll be able to sustain my current income, or ideally raise it in the civilian sector.
Sometimes it all just feels overwhelming trying to project out 5-10 years and seeing myself at that point in life.
Hoping that some of you guys/gals can share your experience!
Thank you!
Submitted April 29, 2018 at 05:10AM by CannedGrapes https://ift.tt/2r8vDLp
