Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: JustPaulATL One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: UAW or PAW Date: 8/15/2003 10:19 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Cyberisme, thanks for the definitions.

So not having read The Millionaire Next Door yet, I'll have to take a stab and say that my DW and I are probably AAW.

Since we're recently married (last November) and recently moved into a house (3 months ago), there seems to be so much to spend on! :( But, even with that, we still manage to:
- contribute to our 401(k)s, although I'd like my DW to contribute more than she is currently
- put away 10% of our after-tax income into an account specifically for investing
- put away another 15% of our after-tax income into accounts ear-marked for long term expenditures (e.g. our next car when mine dies, a vacation fund, house stuff, etc.). Not exactly wealth accumulation, but at least it's debt avoidance.

I'd really like to increase the amount going into the investment fund to be 15%. I think by next year that will be possible, because our major move-in expenses will have subsided by then (furniture & some remodeling). We should also, hopefully, both have raises. If we manage that, I think we'll be closer to PAW.

--Paul
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement