Author Topic: Saving ~70% of my net income  (Read 3360 times)

kendallf

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Saving ~70% of my net income
« on: May 09, 2014, 11:28:20 AM »
I have been feeling sort of stagnated on my financial status of late (partly due to a house renovation I'm working on that's going slowly, partly because we still spend more money on eating/drinking out than we should).

Today I calculated what I'm saving as a percentage of my net income and it's about 70%.  I had no idea, and I'm feeling better about things as a result.

I still don't have enough "liquid" savings as I'm paying on two mortgages that aren't bringing income in, but I hope to have one of those sold or rented by early next year.  The other one's a piece of property that's worth less than I owe on it; that one doesn't have an easy solution but paying the mortgage won't really slow down my FI plans tremendously. 

Cheers to MMM and all of you in this ongoing process!

arebelspy

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Re: Saving ~70% of my net income
« Reply #1 on: May 09, 2014, 11:42:24 AM »
Well done.  That's a great mark to hit!
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
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Zamboni

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Re: Saving ~70% of my net income
« Reply #2 on: May 09, 2014, 12:16:06 PM »
Congrats!

samburger

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Re: Saving ~70% of my net income
« Reply #3 on: May 09, 2014, 12:28:00 PM »
I should hope you're feeling better with numbers like that. Congrats!

myfirstdollar

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Re: Saving ~70% of my net income
« Reply #4 on: May 11, 2014, 04:23:13 PM »
Congrats on the savings.  Wish you the best.  I am sure those investments will start preforming for you soon.