Maybe because I lived the life of a typical American. Paycheck to paycheck, driving expensive cars, going out a lot etc. It didn't seem like a big deal when we made more money than we were spending but we weren't saving either.
Today my wife had a revelation. She has been onboard with our changes to a degree. We fought with her using the credit card a bit but we were able to keep it under control. She wasn't spending a ton and mostly stuff we could use/need but wasn't required. But overall we kept the extras to a few hundred a month.
But her big realization was when I told her by year end, we will have over $1200/month each to do whatever we want. She looked at me like how. I said because of how hard we've been working. We will lower our bills to $3,000 a month, and with the $4500 left over, $900 into 2 roth IRAs. Adding $1,000/month to our savings (we will already have $12k in emergency). We are maxing 401k match and Roth IRA.
I Don't see a need to go crazy, we will have 5M by age 65, why not live like no one else if we don't have debt (except the house).
Submitted April 03, 2019 at 09:00PM by Snaebakabeans https://ift.tt/2HWJO0Y
