Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
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 5084  
Subject: Re: Wannabee newbie.. Date: 8/20/2003 2:18 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Hi Ya, bbydoll,

My family has one child under eight and one slightly older.

Our situation is similiar as we have no consumer debts or car loans. Our mortgage is about 20% of our gross income. It sounds like you are trying pretty hard to FIRE as you save 30-40% of your take home pay. You have me beat on that aspect. If you can maintain that savings rate, you are probably within 12-15 years of reaching FIRE. Of course, that all depends on what you currently have saved and what sort of return you have.

I would encourage you to go back and to read all of the posts on this board. There's still less than 500 posts so it really shouldn't take too long. You'll pick up a lot of good information in these posts.

Hey, just keep going like you are doing and you'll soon go from a Wannabee Newbie to a bonafide, certified FIRE resident. You're still welcome to stick around this board once you are FIRE'd, just don't rub it in too much. <grin>

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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