Who Are We?
- Married couple (17 Years)
- 43 year old white male
- 42 year old white female
- Region: West Coast
- Education: He: BA, She: BA & BS
- Employment: He: Information Technology, She: Health Care Administration
- Family: One 12 year old child
- Income: $174,000 (combined)
- No consumer debt (credit cards, car loans, revolving credit etc)
- Investment accounts: (2) 401K’s, (1) Roth IRA, (1) 529 plan, (1) Taxable acct
- Real Estate: (2) properties (Primary residence and vacation home)
- Mortgage: (1) loan for primary residence. Approx 38% equity
We come from lower middle class families. Neither of our parents had a lot of money growing up and there were many times through the years that both of our families struggled to pay the bills. I grew up eating store brands and casseroles, but we never went without. I don’t believe my parents ever took any government assistance when we were growing up but I’m sure they would have qualified more than a few times.
Coming from this background has always made me much more conservative with my finances. In my early adult years, while I did have car loans that were reasonable for my income level, I never carried any sort of consumer debt and have never missed a payment. When I finally went off to college (after years of working and saving), I was able to complete college with less than $5000 in student loans. I worked on campus and always made sure to live within my means (which meant a lot of cheap Keystone Light or Milwaukee’s Best beer back then). To this day, I don’t mind the taste of a cheap light beer.