Where to begin?
Fairly average gen-x here, entering the 40's where life begins.
Career in engineering has been rewarding, but not financially.
The idea of early retirement appeals to me.
So I am officially giving ERE a go, right now.
Journal will help keep my aim.
Monthly income net (+): 4.3k
Monthly expense net (-): -2.8k
*Utilities (Electricity, Internet, Phone) $200
*Car Payment $400
*Insurance (Auto) $175
* Pension (before tax) - 100k
* deferred compensation (before tax) - 100k
* IRA (after tax) - 10k
* Savings (after tax) - 20k
*Credit Card - 25k
*Auto (new / 0% interest 60 mo.) - 25k
7-10 year planned retirement with or without pension depending on performance
Year 0 (2013)
Reduce Credit Card Debt by 75%
Increase IRA by 10%
Increase Savings by 10%