Hi everyone. It's our first time sharing anything this intimate so I'm sorry if I make any errors. If you need any more information please let me know. I'll try my best!
Preface:
My husband is a small business owner, who pays himself a salary of roughly 140k a year. He takes home total after profit from his company about 220k a year. He is the sole breadwinner for now, as I have decided to move to the states permanently last year after getting married (I'm not American) and am currently in wait to obtain my employment documents. We live in a MCOL state. We have just sold a house and we are going to receive about 60k in profit after expenses. He also currently owns two rental properties that pay out $1500. It used to pay for the mortgage in the aforementioned house, but the amount ($1500) will now be going to our main property and hence will be "offsetting" paying mortgage on this house. He does not hold or have money in any sort of mutual funds, REIT, whatsoever, and has his 401k maxed out. He has 250K sitting in the bank, and even with my limited knowledge in finance, I know its not good at all. Myself, I have about $35,000 USD saved up. I have zero debt, paid off all my University loans. I created a small flexible saving fund in my home country. I pay $150 USD every month. It gives a 4-8% return depending on how much I withdraw during the term (It ends at 55, I am currently 31 years old.) Otherwise, I did not take on any mutual funds myself until I know I was going to stay put in one place (which is now). We have a joint credit card with my husband for expenses.
We would both love some help on getting us started, will my husband and I are thrifty with money we are not good in putting it to good use with the financial tools available out there. Any help would be much appreciated. Thank you in advance!
Submitted April 21, 2019 at 08:14PM by akurtthrowaway http://bit.ly/2Xuoa7T
