If I would have waited, I would have ten fold time with my kids in my thirties.

Apr 25, 2017
11:17:20am

Baron All-American

No perfect solution, but if you are trying to maximize time with your kids while they are young, waiting is best. If you want to maximize time when they are old, you shouldn't wait. (generally, there are exceptions)

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Baron

Previous username: jarocho
Bio page: Baron
Joined: Sep 1, 2006
Last login: Apr 28, 2024
Total posts: 94,004 (32,683 FO)

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Messages

Author

Time

CB teach me how to save up for retirement.

Cosmo4life

4/25/17 7:48am

At the very least you want to ensure you get the full company match in 401K

jreid191

4/25/17 7:50am

Who is interested?

TNT

4/25/17 7:53am

Put the max into 401k up to the company match. Then

Mister P

4/25/17 7:51am

Everytime you get a raise, increase the percentage you set aside for retirement.

Ozymandias

4/25/17 7:52am

If I were to do it all over again. I would save 50% of my money and live like a

Baron

4/25/17 7:53am

That plan wouldn't be for me.

Mister P

4/25/17 8:00am

I think many say that without actually doing the math and understanding the

Baron

4/25/17 8:03am

I'd rather have my kids.

rggee

4/25/17 8:05am

I am not sure why you wouldn't have your kids. Or are you saying I would rather

Baron

4/25/17 8:07am

I'm not in my thirties yet. Wouldn't trade my 3 kids for anything.

rggee

4/25/17 8:08am

Not sure who is suggesting that you would have to get new kids.

Baron

4/25/17 8:12am

They would be different kids as the ones you have now

mosterlow

4/25/17 9:12am

Why would they be different?

Baron

4/25/17 11:13am

Putting off kids until later is my biggest problem.

Mister P

4/25/17 8:07am

I guess, if you have your first by 28 and last by 32 (that would be 3 kids if

Baron

4/25/17 8:10am

As I say, that plan is not for me. I have different priotities and

Mister P

4/25/17 8:13am

I agree. And I don't think our situations are that different. Probably we

Baron

4/25/17 8:16am

Don't wait for retirement to have enjoy life. Do things now

kotacoug

4/25/17 9:23am

Exactly. That's why you wait on kids. Enjoy it now. No need to wait until the

Baron

4/25/17 11:14am

No thanks

Mr. Belding

4/25/17 8:59am

I don't necessarily agree on the kids thing (so much of planning depends on your

Ash

4/25/17 9:49am

Had first kid at 30. It's my biggest regret. Wish I had them earlier

jbonita

4/25/17 10:30am

If I would have waited, I would have ten fold time with my kids in my thirties.

Baron

4/25/17 11:17am

I'd say at least 10% in 401K, max out IRA, and max out HSA if available.

jensen46

4/25/17 7:54am

Go to the financial independence subreddit.

GilaHank

4/25/17 7:54am

I would advise contributing to your 401k up to where your employer matches, and

Skeptical Optimist

4/25/17 7:54am

Invest as little into your 401K as possible and as much into real estate as you

Revolution

4/25/17 7:55am

Amen. Don't forget gold bars and bullion specie.

Linescratcher

4/25/17 8:02am

Ask around your ward, probably plenty who could give you some good "business opportunities"

JohnnyComeLately

4/25/17 7:59am

I've got 1989 Upper Deck, 1992 Bowman, and 1994 Fleer Ultra in my portfolio

Linescratcher

4/25/17 8:03am

Wow. Very impressive. Especially 1989 Upper Deck

TNT

4/25/17 8:05am

Ahh, a fellow investor.

Linescratcher

4/25/17 8:08am

I'd like to see an assessment of TNT's vintage pinball software.

Revolution

4/25/17 8:13am

Start your own company and make it successful.

Niiineteeen84

4/25/17 8:04am

Lots of good ideas on here so far. Here is what I would do that few other

Y'zFan

4/25/17 8:23am

If you earn $100, spend $95.

Cougar-Duck

4/25/17 8:33am

and then find a new job that pays more than $100

Linescratcher

4/25/17 8:33am

you know all those 25-50k cars/trucks/vans you see on the road? yeah, don't do

Mayor of Cougartown

4/25/17 8:54am

Expensive cars and eating out.

Y'zFan

4/25/17 9:28am

I think it's a major reason people think they HAVE to have 2 incomes when kids

Mayor of Cougartown

4/25/17 9:38am

Listen regularly to the Clark Howard podcast. That guy will teach you tons

Bumpus Hound

4/25/17 9:26am

Oh, and congrats on thinking about this now. You're ahead of 95% of your peers.

Bumpus Hound

4/25/17 9:27am

401k up to employer match, then pay off your house and cars. It's the best

YouPuntYouDye

4/25/17 10:16am

Thanks for the awesome feedback everyone. You guys aren't too bad after all:)

Cosmo4life

4/25/17 1:13pm

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