quote:
We put $2500 into a money market fund every month, I max out my 401k, we max out our IRAs, pay $1,000/month into student loan debts, plus the normal stuff like mortgages etc... That being said, I have $10s of thousands of dollars tied up in some K-1 investments that are going to start paying out in the next few years, if they don't already this year

By the way, congrats on the ridiculous savings. Putting away nearly $5k/month is pretty impressive ($17,500 401k, $11,000 IRAs, $30,000 in M/M funds). Apparently those student loans went to degrees that paid pretty big dividends.

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Posted by ell_13

Member since Apr 2013

85284 posts

Posted on 1/28/16 at 2:26 pm to slackster

If he's making that much, depending on the student loan rates, I'd focus more on them.

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Posted by TheWiz

Third World, LA

Member since Aug 2007

11694 posts

Posted on 1/28/16 at 4:18 pm to slackster

quote:
By the way, congrats on the ridiculous savings. Putting away nearly $5k/month is pretty impressive ($17,500 401k, $11,000 IRAs, $30,000 in M/M funds). Apparently those student loans went to degrees that paid pretty big dividends.

I should preface that we only established doing this about six months ago. Had to cut out some of the fat. We still have fun, budget for one $250 date night every month, and we still have yoga, ballet, and cycling shite in our budget. We have $246,000 in student loan debts. They balloon into a five year note, not this July but next. I figured if we can get that down to $180,000-200,000 that's a hell of a lot better at low $3,xxx a month rather than $4,500 a month. I got my MBA and she is finishing her fellowship in Allergy/Immunology.

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