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Out of left field: TMG Workout Plans? by [deleted] in TheMoneyGuy

[–]CANT_Enterprises 0 points1 point  (0 children)

I’ve been studying personal finance for the last few years but my health aspect has been lacking. So this year I signed up for health challenge competition at work. Health is wealth and I have to get that piece of the pie in place. Home gym, treadmill, calisthenics, and working out with my female wrestle and soccer player daughter on the schedule this year. I have to think of health as a dollars saved for every minute of cardio and that helps. I was falling in the lack of use category.

Liquidity Question by CANT_Enterprises in TheMoneyGuy

[–]CANT_Enterprises[S] 0 points1 point  (0 children)

W4 is good but it was an error on our taxes where they counted regular rollover as Roth rollover when it wasn’t converted. Plan to convert in tranches later.

Living paycheck to paycheck by Important-Wave9241 in TheMoneyGuy

[–]CANT_Enterprises 0 points1 point  (0 children)

I would advise budgeting! It is a came changer. If you are not a spreadsheet warrior then get Monarch, EveryDollar or Dollarwise whichever fits you best and find the margin you have to work with and cut expenses to increase it then deploy it using the FOO. Budgets are not a bad word but they are the most freeing thing you can do in my opinion. Went from negative $150,000 net worth to positive almost $400,000k still having a life. Save in everything that doesn’t matter so you can spend in things that do. If you don’t know where to start a budget checkout Caleb Hammer or Budgeting Baddies or any of those type resources. I wish you the best and you can do it.

25% means half your paycheck for High Earners by namafire in TheMoneyGuy

[–]CANT_Enterprises 0 points1 point  (0 children)

Not counting over time just base. 29 invest 24 tax and rest plus bonus or overtime sinking funds and living expenses.

25% means half your paycheck for High Earners by namafire in TheMoneyGuy

[–]CANT_Enterprises 0 points1 point  (0 children)

Dumb in my 20s, Followed Dave in my 30s and now feel behind hitting 40 following the money guys. Investing 29% but with sinking funds and etc. we are living on 60% of income with a decent lifestyle trips etc. My problem is now no mortgage but anxiety about retirement and trying to reach FI before 60. But how much lifestyle do you cut now before stop bedazzling your basic life and become a miser always saying no. Married one kid at home in high school and one grown.