BJ’s main concerns, in his own words:
My financial situation is relatively complex, for a 31 year old. I am in technology sales and have been pretty successful, especially over the last 3 years. The large increases in my W2 over this time span have led me to purchase a house (not on a 15 year mortgage, though…), start and contribute to a 401k, invest in an employee stock purchase program, etc. I am saving, but not sure I am saving enough.
To add to this, my wife owns a franchise restaurant and is paying off a large loan that she used to get started. She owns the land, the building itself, and the franchise now. She pays herself a decent wage to manage the store, but ultimately, my salary/commissions pay for the mortgage, bills, etc. We are DINKs…dual income, no kids.
I’d love to actually have a strategy with my money and be confident that I am not screwing up.
What we cover in this episode:
- How to manage a high income
- Setting net worth goals to measure progress
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