Thanks for the help!
Happy to! Feel free to ask more questions too.
Well, if you insist :)
Maybe you folks can critique my overall financial plan that I have been developing since getting into MMM and others.
Wife and I will continue putting %15 into our 401ks
Next year we will begin contributing the max to our individual Roths via total stock market index funds.
We are on track to pay off both of our car loans by the end of this year
By the end of next year we will knock off our $20k "avoid PMI while only putting down 10 percent cash) mortgage which is at 5.5 interest (bought the house this year). We will leave our lower interest %80 30-year mortgage alone for now
We will also pay off my ~$7k student loans by the end of next year.
At that point we will have no debt other than the 30-year mortgage
After that begin socking away additional money into either Total Stock Index funds or Dividend stocks (still reading up on this). May look into buying rental properties if we decide we are up to that task.
The plan being to do all of this while living off of the smaller of our two incomes and paying debt/investing with the rest. Goal is to be FI and/or RE in 10-15 years. Currently 29 and 25 years old.
Some of these goals may be accelerated by bonuses. In the past we have blown bonus money on toys and entertainment. I say "may" because this has been a rough year for oil and we both work in oil and gas.