Hey everyone,
Just found this website about a week ago, what a revelation!
Some background on me:
33years old
$57000 a year salary
$19K in student debt (8k at 8.75% and 11k at 2%)
$5 debt in the form of a loan from my folks (0 interest)
$58,000 in an IRA that I rolled over from previous job
$1000 in savings
I have a pretty nice living situation as I live at work. So no commute, no rent.
I have a 3% Simple IRA with the company matching it and I fully fund a Roth IRA at the moment.
I pay 725 a month for car insurance and utilities, student loan and loan from parents.
My take home pay is $3,000 a month.
I'm asking, where do I go from here?
1. Pay off debt?
2. Stockpile a rainy day fund?
3. Start investing?
I'm working on cutting back on food and personal expenses as I realize I have a unique opportunity here to really build up the 'Stache.
However, how do I figure what I really need to retire as I cant live here after that and would have to pay health insurance.
I'm not a real money man so simple advice only please, haha.
Thanks for any help, this place is great:)
JD