Category Archives: $48000

Taking A Look At My Roth IRA

I thought I’d take a peak at my Roth IRA and see how it was performing.  My wife and I have four primary retirement funds.  I have a 403b through work, she has a pension plan through her work, and we both have Roth IRAs.  I’d breakdown my investment philosophy thusly: Pension Plan:  My wife’s [...]

I Only Focus On One Account At A Time

I have big plans for 2007. I am trying to save 60% of our gross income. While our pretax retirement contributions are made on a monthly basis (by our employers), I like to focus on our other investment (or savings) accounts, one at a time. I think of it like a debt snowball in reverse. [...]

$48000 Goal Update: 4 Months (Repaying Myself)

CLICK HERE TO WATCH MY SEGMENT ON CHANNEL 2 WSB ATLANTA WITH CLARK HOWARD This year, I am trying to save $48,000 dollars. $48,000 represent 60% of our household gross income. To read more about my goal and to see what I’ve managed to save, so far, click the category link labeled $48000. Last month, [...]

Using My Emergency Fund To Buy A Car (How To Buy A $10,000 Car For $7800!)

By the end of 2007, I plan to have $20,000 in my emergency fund. (Remember, I “borrowed” some money from my Emergency Fund so that I could fully-fund my Roth IRA’s for 2006. I am in process of “paying myself back”.) Since I’ve been thinking about purchasing a “new” car, I started thinking about how [...]