Today is a huge milestone for my wife and I. For those that don’t know I came from a very poor family where it was hard to purchase shoes and clothes even. My parents are still struggling financially, so much in fact that I have more money in one trading account than they have saved combined including their retirement account. One of my goals is to help them if I can.
My wife and I both have 6 figure jobs which we worked hard to get and move up. Our goal has been to save at least 50% of our take home income and we have surpassed that. This has taken several years and we started just trying to save 25% as we had lots of debt years ago. We have paid down all of our debt to 0 and are now saving nearly 65% of our income. Our next goal is to hit 70%, will likely need to make more money from my Amazon business to do this. We have lots of different investments similar to what Nick does, I am trying to follow in his footsteps and let compounding work its magic over the next few decades. Any spending we do is on necessary items, educational courses and emergencies, anything else we typically put off till later. Our investments include:
My 401k running a 10 MA strategy
Her 401k running a 10 MA strategy
My mean reversion system at x2 leverage
My aggressive momentum system, no leverage
SPX momentum system
Discretionary Futures trading system
Multi-unit apartment deal
Multiple Creative condo/single family home real estate properties
Amazon Business (relatively new launch) but already starting to produce profits
Gold and Silver hedging (Physical Gold and Silver not futures).
Emergency Savings plan (cash only)
Medical savings plan
We are looking at anyway possible to continue saving and growing our investing budget. All you guys’ post have been great and continues to give me lots of ideas, keep it up!
