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Subject:  The Power of Paying Yourself First Date:  2/8/2004  1:45 PM
Author:  babyfrog Number:  39026 of 80509

Between my wife and myself, we expect to see more more money put away in our combined retirement plans this year than I earned in my first year working full time, back from mid-1997 to mid-1998. This includes all expected net contributions on our behalfs to our retirement accounts, such as IRA contributions, 401(k) contributions, employer ESOP/Profit Sharing contributions, and net additional preferred dividend contributions (a unique feature of our employer's retirement plan). Our combined vested retirement account balances as of right now exceeds one year of our combined salaries, and it works out to about 3.5 years of our living expenses. Seeing how far we've come financially in such a short period of time is really remarkable, and it is a testament to the power of Paying Yourself First.

I know what we earn