Hello All, Im 31yrs old male from Sugar Land, Tx. I discovered MMM and Fire 6 months ago. I am still struggling with my consumerist ways but I have been making progress. Im hoping to grow my stache so I can hopefully Fire 10 yrs from now.
In Late Dec 2014, I opened a Vanguard Roth IRA and Brokearage account. I maxed my Roth IRA for 2014 and started buying Dividend Funds and Index Funds. In Jan. 2015 I iniatiated a 457 account and maxed my contributions.
I make about 60k with primary employer & 40k with secondary part time employer.
Primary Employer has define benefit Pension which vest at 8 yrs of service. I contribute 7% of gross and employer contributes 14% of my gross. Pension Account also grows at 7% interest which compounds annually. When Retiring total account contibuted plus matching funds will be used to buy annuity for a lifetime benefit. Im already vested with 8 years of service.
So far I have the following.
Pension account has 33k / (99k matched).
457 - $8,000
Vanguard Roth IRA.
VTSMX - $7,000 Hoping to convert to Admiral soon.
Vanguard Brokearage.
VGOVX - $3,200
VWEHX - $10,000
VGSIX - $3,000.
House is worth 250k with 50k left in mortgage.
RESIDUAL INCOME
VA lifetime benefit. $455 a month / $5460 a year residual income.
I cant believe how much I grew my net worth within 6 months!