First of all k/year is relatively high in the expense category. I don’t think it’s so unreasonable. There’s an economy of scale living with another person, but if we build in a margin of safety, that still means people can live reasonably well for k/year. I think in most areas of the country it’s possible to live well for k/month, single. You can fudge the numbers up and down a bit and it shouldn’t make too much difference – ie, a net income of k for the household but k/year of expenses would work out to roughly the same timeline.
If one of them was an engineer, programmer, or other skilled profession with a higher pay scale (but not one that required extensive schooling, such as medicine/law), things would go faster as well. Second, this assumes both people in the household are teachers, which is a relatively low paid profession – and all teachers ought to know this by now before they choose that profession.
Could be worth more today but we didn’t always take the most lucrative choices in life. We’re doing fine now but our choices then delayed our successes now. Could have attended a better school, could have made different choices in our careers, could have been more career aggressive, could have networked more, been more mainstream charismatic. We made a few mistakes that delayed savings. We started from nearly zero in every category. Zero knowledge, zero money.
My guess is that it will come but I want to be prepared when it does. I’m in no rush and am kind of hoping for a good entry point this fall. Up until now, I’ve just built savings around CDs and such, but that door is closed now. I think I would sleep well investing in senior citizenssure are a lot of them around Florida.
How do you advance within your career. I don’t understand not teaching your children every little nuance of financial and career management you can. He or she might be the competition. Questions dogged the pre-internet 20-something me like: “What is a person worth in the work place. ” I get not telling your neighbor or coworker how you got ahead in a career. Study it together if necessary. How does a person find a GOOD job if one doesn’t find you first.
We live in TX, which does not have a state income tax. Do I have a bad accountant. Does the article’s take-home pay seem right to you guys. I don’t understand how the calculator arrived at it’s take-home amount. My husband and I make k gross and our take-home pay is k if we have no medical or retirement taken from our checks. We usually get or owe about 0 after filing income taxes so our tax amount each month is okayor so i thought. If so, any suggestions for looking into why we are paying double that amount or so.
This is a very old article, and when I wrote that comment, the stock index happened to have recovered only partially from the big 2008 crash. Even so, the 2% per year dividends were there for investors. Since this post, however, the stock market has been on a tear and risen another 30% or more, bringing back a lot of the historical returns.
Systems Administrator Salary: 389(average). 36 Systems Administrator Salaries from anonymous employees in Sydney, Australia.
How is it that we’re assuming a 5% compounding interest rate on the entire savings value inclusive of the equity. I have a question about the savings that I don’t think has been asked in the comments (and my lack of understanding may just be because I’m such a newbie). In the example above we say the couple has 0 equity in the home (and I’m assuming the annual expenses don’t cover payments on it either). I thought the only soldiers we’re supposed to count are the ones that are freed up for investing. Otherwise, and please correct me if i’m wrong, the total value of the stash including equity wouldn’t really generate the returns highlighted above as the portions of it coming from equity would only be realized when you sell the home.
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You can find many articles over at Seeking Alpha discussing this strategy. You might be interested in dividend growth investing. One of the best I’ve found is http://seekingalpha.
36 Systems Administrator Salaries in Sydney, Australia provided anonymously by employees. What salary does a Systems Administrator earn in Sydney.