Hello all!
I'm new, having just discovered Mr Money Mustache in the past few weeks.
I've been chewing through the backlog of the blog, and am up to 2014 so far...Holy shit, I wish I had discovered this place long ago. :-(
I wasn't sure if I should post this here, or in the Ask a Mustachian section...If this is the wrong place, cool, just let me know and I'll repost there.
So here's my situation:
I live in Colorado, I'm 43, no wife and no kids...and a late bloomer, Money Mustache-wise, unfortunately.
Major debts that can actually be paid off:
I have a mortgage and a new car (2017)
Yes, I have been giving myself frequent Face-Punches for that one after reading MMM. Despite it just being a $230 a month payment, that's for 6 years, so I should have searched for a reliable used car. But since I can't get out from under it now, I must deal.
The mortgage ($550/Month with 80K left) I manage to pay an extra 2 payments a year into the principal.
The car I have been trying to make double payments on to get it done.
I pretty much just have a 401K in addition to an emergency fund, and have only recently started a Roth IRA (Once again, thanks MMM!)
I have had the 401K since 2001. It was with Morgan-Stanley for about half that time, and then Wells Fargo the rest. Ugh.
Within the last year or so, I discovered the PCRA (through Schwab) option. So, not knowing what I was doing, I went the 'Financial Advisor' route.
Once again...MMM enlightened me.
I just got out of the 'Financial Advisor' situation. I was giving them 1% to (through the PCRA) do not much but occasionally put my money into their hand picked funds...All of which had ridiculous fees and not much better returns than if I had just put my money into some Vanguard funds (which I also did not know about until reading MMM)
I now have $154K, Liquid.
I'd like some suggestions as to where to put that and future contributions, and just some general advice about how to get my shit together!
I had read a bit about the Vanguard Admiralty Shares and a few others...But, fellow Mustachians, at 43 I'm still a babe in the woods!
*BRACES SELF*
L-