Originally Posted by
acl65pilot
Agreed. I have been saving since the first paycheck I earned at 12 y/o as a caddy. I too have a sizable netegg and want to grow it as quickly as possible.
I am in a two income family with the wife working out of the home, but that is about to change. I agree that if you live smart in your earning years your investing power is awesome.
It is wise to have no debt, and live very meagerly. I take no vacations except to see family, buy the off brand food, shop sales only, pay cash or use the debit card and invest every penny I can. As you state living well within your means allows you the ability to truly save. Not paying the interest portion of a car payment or credit card payments adds up. Save, pay cash, and negotiate with everyone.
I want to see the DC increased as much as I can too. I would love to max the bad boy out. We are above the roth limits and will be if/when the wife quits due to a llc, but there are other ways to save. I tell guys all of the time to use the free consults that we get with our plans. Off the top of my head I think it is two sessions of up to four hrs a year.
The law of compounding is a nice thing to watch.
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The funny thing is I have all the toys that any full grown boy could want. I just pay cash for them.