Player Profile: Steve

I have started a new series / category Mortalplus.com. I call "reader profile" this. Each post of this series describes the challenges and financial situation of FMF reader. This series, in a similar situation (it is to make it easier to identify people like us we to - To be, of course, but not all of them, but ultimately, that you are sure that you will find someone like you here) I am able to hear a little challenge of wisdom / I non-financial If you get to know the commenters frequently on the site I.

If you are interested in participating in this series, please send me an email.

In the next series, it is FMF "Steve" player. I asked several questions of him, but it, because there is a question without answering me, it was returned because it was good. That's it.

I am a father and 40 year old married man of three children. I owe credit card of $ 6K wedding in order to graduate from law school, move the $ 50K from school in Washington, DC, to get the job done. While watching TV, but I have to pay the professional experience and bill concert temporarily. I work to put the act of '10 "line of work" hard and firm, not been received. It is normally required of paid overtime mass, that it was good because of the salary. As, I have established a close relationship with customers on a regular basis, my responsibility has increased significantly in order to pay the basic charge.

I raise instead, is one of the most important financial, I'm moving (and life) if you have a controller that I wanted to work from home. I thought that to sell it would be difficult, but there was basically answer, "had me without a salary increase you ...". Then, I realized the sale already through the work of excellent value and good reliability. I moved to the countryside to be close to family and life in the city, had never loved me. I bought a four-room house on 2 acres for the school district great over $ 150K. There is a little room used to purchase wage cost "area of ??low-cost" of "high-cost city" way. I've built enough contacts to start a consulting business of your own in the end. That I manage their time more is allowed (a long day was my health), and this revised interest in my work fairly.

Initially, (the only option for retirement savings, there) will be sent to the households of all and make a payment of debt and student loans to high-speed home exception of IRA contributions we we. Responsibility for them, and even now, when you invest a lot of money actively, feel free to sleep well at night to zero and direct, your house, your car. In the past, I had a "real job" in the life of me to use a credit card to pay the protection and cash back every month. Of course, the "risk of" serious credit card, and reality, seems to have someone who can be a lot of people give a lot of damage to their checkbook.

Set the risk that a company that is independent now, take after being SAHM My wife is easy, we were not able to rely on one source of income for his business anymore. His company is very happy, it can children take the job easily. Preschooler this is not the case, is a high-side with us (they do a small amount of pre-school education for the social aspect) or to take care of the children of two of us.

We have spent (and provide after-tax) for about $ 4K/month always. Once or more years, (even spent far months) have seen the moon "low pass we., This year is our minimum target of our questions, realistic come to about $ 3K There is no thing to plan a budget really is, is broken a lot to find out how something is solved when you will be able to track expenses in account automatic load of Quicken. my dental health / medical (average of $ 800/mth is very different) when I saw, in the sense that "is the maximum value of the pocket" for health insurance in the private sector if the average monthly expenditure class the best insurance / is It is not, I am. depreciation you think you to mean it drove my car, costs, including service and fuel, not far automobile expenses, and then the public and services / household I food ($ 500), ($ I come to 300). this clothes, entertainment, toys, furniture, and "pocket money" of all such vehicles have a big amorphous category of Quicken "cash", here I throw it, we basically theater and $ (clothes / decor family appropriate goodwill like all things that may be a option for a very affordable price for either do not really need to be changed when the economy was tight suddenly easily to monitor the class of fund you think I do not know the difference) and children who would like to know how to spend the door of life of the state variable monthly monthly and is cheaper.

Then we do not think that you save / expenditure as a percentage of revenue, or not related to income at all really. In order for the payment of the mortgage replace other things gradually, the cost of living between we had a $ 1K/month is, has risen to no longer there. It does not, however, (but very unstable) to increase store had been stacked because of the time of some important, take my house to about $ 12K/month for on average. About $ 500K, the Company's investments is increasing 85% of the equity index ETF. It is a huge advantage now after years without providing access to 401K in September IRA.

Of course, we can also spend more now, but really, we want to buy almost everything. In order to achieve economic independence, every extra dollar, "In the past" you feel best. I'm a creature of habit, but I know that it is painful spending cuts and difficult, is important to me that I do not swell in my life than the point it, I little effort I know that it is possible to stay. To get the frugal spouse is the most important factor in economic success perhaps, but I few have observed an increase in the sales of the face without the need for basic expenditures growth I know the people. It also helps to be surrounded by neighbors and friends to enjoy humiliation or less the same. In addition, also, opposite of "keep up to believe" Nosumisu "Jones, a thing like I have a motive.

Savings and goodwill in the market, many years that there is no way EN Fortunately. It does not know whether or not lead to extreme "retire" early, but I know. Now, I enjoy my work, so I am now, I'm in a hurry to retire. I have to admit that you have never made a plan for the future of financial my long-term. Their lives, desires, needs, and constant change and unpredictability in the market, by performing this kind of design always, with the exception of the years of retirement just before (and potentially dangerous) and unnecessary I seem to be. If you spend a lot more than you deserve or less, able to adapt to the current situation, and be ready always to take care of your health, to be successful, I opportunity to bring life is just you You think you're setting yourself that you check.