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Author: mazske Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: What's your magic number? Date: 8/7/2003 2:00 PM
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Dilmatz,

Truth is, I don't even know where to start on my road to FIRE. Well, that's not entirely true, but I'm still in the getting-out-of-debt and build-up-the-efund stage of things. Honestly, once that's done, I'm not sure what the next step will/should be.

Here's an idea for you. Start a new thread that tells us a little bit about your debt and your plan for paying it off. Tell us a little about your budget and if possible break it down as to how much is coming in and how much is going out.

As far as building an e-fund up, tell us a little about your current situation as in are you married, kids, living with parents, going to school etc. Depending on your situation would make a difference to me in how much of an e-fund you build up.

Once you are out of debt and you have an e-fund, or maybe even before the e-fund is fully funded, I would look at starting an automatic investment into some sort of index fund, such as Vanguard's Total Stock Market Index Fund.

If you care to tell us a little more about your budget and current situation, I'm sure myself or someone else will give us our opinions on what you can do.


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