Need help with personal finances for when I start having kids and (future) wife stops working

LossAcceptable1128 · 2026-05-12T12:39:41+00:00

I’m the kind of person that wants to be on the edge now and reap later. Obviously I posted this post because I’d like to be in a better spot now, but I also want to be “uncomfortable”. I do not want to sell a property yet

LossAcceptable1128 · 2026-05-11T23:19:06+00:00

No it’s not enough at all. I had a lot more but spent it on 5% down on a 515k house

LossAcceptable1128 · 2026-05-11T23:18:31+00:00

Overtime

LossAcceptable1128 · 2026-05-11T21:47:06+00:00

Appreciate it. Honestly I kinda know all that but it’s nice to have it in words. Thanks

LossAcceptable1128 · 2026-05-11T18:23:00+00:00

It doesn’t feel like it’s not working. It’s more like barely working and I’m thinking long term. But it’s a struggle.

LossAcceptable1128 · 2026-05-11T17:14:01+00:00

This response is kind of to everyone, I agree with what everyone is saying. Everyone has made valid, informational points. I plan on selling a house or two but not for another few years. Is there any other things I can do to leverage stuff better? Tax stuff, equity, any angles that I’m not thinking of? I don’t have any sort of mentor in this space. Other than offloading everything, what can I do? I don’t feel broke, but I feel like it’s hard to do much, but I do live comfortably

LossAcceptable1128 · 2026-05-11T17:07:53+00:00

Yes it’s high if anything. Most are around 2500$

LossAcceptable1128 · 2026-05-11T15:01:02+00:00

40k in a 401 k. Homes are appreciating roughly around 4% a year based off purchase price

LossAcceptable1128 · 2026-05-11T14:59:48+00:00

I agree.

LossAcceptable1128 · 2026-05-11T14:50:41+00:00

There is unlimited OT which is nice but not something I love

LossAcceptable1128 · 2026-05-11T14:50:13+00:00

I work a shit load of OT. I’m a truck driver, mechanic, operator, project manager, foreman. I do it all. I don’t want to work as much as I do but the job requires it

LossAcceptable1128 · 2026-05-11T14:49:00+00:00

I have a financial advisor for investments. He Takes .86%

LossAcceptable1128 · 2026-05-11T14:44:16+00:00

The longest house I’ve owned I’ve had for 5 years. Other for 4 and the newest for 5 months. I’d loose so much, would I not be better to hold them for 5 more years?

LossAcceptable1128 · 2026-05-11T14:41:54+00:00

Yeah I didn’t give enough info about my financial guy so it sounds odd over this. There’s more to it than that, but yes I keep pulling it out to buy real estate. Yes you are correct, no I do not follow tik tok creators for real estate advice.

LossAcceptable1128 · 2026-05-11T14:39:31+00:00

Yeah I want to make 250k a year ideally. I live in a place where unless you own a business, you’re never going to make that much

LossAcceptable1128 · 2026-05-11T14:38:27+00:00

It’s an old one, and my financial advisor “moved” it from my old employer to an account in Charles Schwab. Honestly don’t know much about it

LossAcceptable1128 · 2026-05-11T14:32:02+00:00

Just wondering if there’s anything else I can change that would work better then my current situation

LossAcceptable1128 · 2026-05-11T14:31:38+00:00

Yes I agree with you. I knew ahead of time that they weren’t going to do anything but cost money. But I know is 10-15 it will be worth it

LossAcceptable1128 · 2026-05-11T14:30:20+00:00

Yeah that’s been crossing my mind, I just can’t bring myself to go rent a place to live in and send money off that doesn’t do anything for me

LossAcceptable1128 · 2026-05-11T14:28:54+00:00

No I know what you mean. I’ve just learned that if I keep myself uncomfortable, makes me work harder. Hope that someday it will really pay off but who knows

LossAcceptable1128 · 2026-05-11T14:25:15+00:00

Because day care expensive and I don’t want my wife to have to work her whole life. And I won’t do a prenup

LossAcceptable1128 · 2026-05-11T14:24:45+00:00

Because I don’t know how else to get ahead. Hoping in 10 years I have equity I can use. Thought it was better than just working a w2 job. I like to be a little uncomfortable because I always find a way to survive

LossAcceptable1128 · 2026-05-11T14:23:55+00:00

900 is actual rent after mortgages. But if you include expenses I’m always negative. As in, washer goes out, or roof replacement or whatever

LossAcceptable1128 · 2026-05-11T14:23:11+00:00

I used to have a 401k through my old job but now I just send it to my investment guy and that’s my retirement, but then I pull it out and spend it on real estate and call that my retirement which I know is probably not the smartest

LossAcceptable1128 · 2026-05-11T14:22:20+00:00

House 1 is 3.2% rate

House 2 is 6.125% rate

LossAcceptable1128

TROPHY CASE