Team,
I just joined the MMM Community, but I have been a fan of FIRE for some time.
My wife and I have been married for nearly three years, but she is new/skeptical of the FIRE/MMM lifestyle. We are VERY fortunate, in that we make a great income between us and we managed to save a nice chunk of money each month. However, due to my wife's upbringing, she was never taught the benefit of investing. Her and her family have always hoarded money in savings accounts, living a life of zero risk and zero reward. Anytime she there is a risk of losing money, she is extremely against it.
With that said, she's a reasonable, intelligent, forward-looking person who just has a cultural roadblock when it comes to investing. What steps can I take to get her onboard and show her the value of investing in order to retire in the next 15 years.
Here is our breakdown...
My salary - $140k
Hers - $120K
We save roughly $7k per month after all our expenses, $175k in savings account
Targeting 2,500,000 in 12 years (age 52).
I want her to be on board and excited, how do I accomplish this?
Best,
TexasJeff