We have been a nightmare for 17 years. I am 42 and 48. And we need to keep a long time at home with a high children. So we have an investment in our dual income, those kids money over the years.
We haven't been the worst. We don't carry any debt other than our mortgage. But we have very little savings in that retirement last August. That's what I said to the baby.
Oh, congratulations. Thank you. Yeah. So we are late in my parents.
And cotton, the cotton is in here. You're going, oh my gosh, we're going to prepare for this. So in hindsight, you know, we should have been planning for retirement course all along even without a baby. But now with a baby, I feel like I am at ground zero.
And I have no idea what to prioritize. And where to start to be able to fight in camp that not only retirement, but just, you know, solid financial ability while we're even in this baby in this community in the world. Totally. Are you guys looking?
I quit my job in April. I'm going to go back and I'm going to be in my grandkids' home office. Okay. Are you going to go back at all?
Do you know where you wait for the visit home? I wait for the intention to not. I just remain at the home office. Yeah.
But I don't know for years. I love it. How much does your husband make? Do you guys have any consumer debt?
No. No. Okay. Any savings?
Okay. That's great. Good emergency fund. Okay.
So what's wild is, and I'm going to send them some numbers here. We have an investment calculator on ransy solutions.com. So check it out because that's just always like a kind of a thing. Just a piddle with and look.
But let's say, we always say to save around 15% of your income. So I just threw in a thousand bucks a month. Say you guys invested a thousand bucks a month. And you guys have nothing right now.
And we'll say your husband's 48. I'm going to use his numbers since he's been working. And then let's say he retired at 67% of my different turns. That's about $676,000.
So that's not as much as I would probably want. If you miss health plan, open enrollment. Don't panic. So if you're interested in building your own insurance, you can join at any time.
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Check out CHL. That's not as much as I would probably want. So what if we just, again, I'm just messing around with this. Let's just say we doubled it.
Now we want $3 million. If you guys save $2 million a month. Because the reality is to his income is going to go out throughout his 50s. He'll be making more.
So I think you guys have a few certain how. I think you will end up being fine. I mean, after all is that done. If you had $1.3 million at $67 in order to retire for instance.
And you guys, you know, fit with a 10% return. You know, you'd be $130,000. But you won't take all of that. So let's say you took $70,000 of that.
To live off of it. We're talking about everything we paid off. You know, that's probably the possibility. So obviously there's still hope.
It's not like you guys are doomed by any means. But yeah, I would start. Right? And maybe a little bit aggressive towards it.
How much do you guys know? I'm 1.3. I'm about 300,000 million. Okay.
Great. Now it's also another thing to offer with you. Do we sell the house and take that? No, no, no.
You're fine, you're good. Yeah. And we have aoggie to this between 5.0. Yeah.
I would sit down with a small customer pro. I mean, there are some solutions. I find one in your area. But I wouldn't have out to say, OK, let's open up.
You need to have a Roth IRA. You can do a Spouse-E Roth IRA. Does he have just a company have a 401k? I think they do.
Yeah. Yeah. Because there's definitely a path for you guys to have retirement, 100%. But again, it will be you guys jumping on the train and moving forward with it.
But I would sit down with someone and look over your entire financial picture. You're in a great spot. I mean, honestly, you guys have no date with $30,000 savings. And then you guys are going to start putting some money away monthly to the retirement.
And we're counting tricks and all of it. It's great. That's how the start is now. So one of the things that I hear all the time that haunts calls in a situation is the phrase, I just want you back to.
Like, remember when I should have back in the day, we should have been saving money. I just want you back to, we could just go out to eat and everyone in it. And we could, the couples that I see do well are the ones that, oh, we have a baby at 42 and 48, right? Yeah.
Who can put a period at the end of their own life and not try to reclaim what was, but to rebuild something totally new. And it's saying, we had our fun. We spent it in one of the vacation. That was awesome.
And now inside this new world, we live in with a kid, with a few retirement, this came out with a thousand of the other things. We're going to have to create a new kind of awesome inside this new world. And the couples that live in that reality, when they come up with to go create their life, it's amazing. The ones that are trying to live this life, but keep their, look them back at the old them, drag them behind them, manage to become such a weight.
And that's the recipe for people who go off in the decision that they would never make. Barwing, cheating, always things, because they're carrying around this past. And instead of saying, dude, this is our new world, and we're going to go fully into it, right? That is so interesting.
I would think if you're carrying what you wanted to go high, we're going to have to come back. We're going to have to come back. We're going to have to have money for it. And we're going to be the best campers, or whatever.
But we're going to live in this reality. And we're not going to sit down there thinking about, oh, remember when we're going to fully embrace what we got, remember when we're going to forward with it. So yeah, in this case, especially looking at retirement and numbers, I think living in the present realize, okay, this is our new life. We're going to feel broke for a while.
Now, how are we going to shift this? We're going to feel broke. Because in 2000, once a month, they used to just blow on whatever. It's going to go into account for future them.
And I'm going to feel like they're failing. And I'm going to be able to put in with the example of which is a lot of the three of us. And I'm just messing with numbers. There are probably thousands more rules for 50% of them.
But with a lot of contributions, we're on 450,000. But the growth is almost 900,000. Like the growth starts to outpace the principles so quickly when you realize, okay, I can just start as early as possible. That's what I'm really is.
And I'll get to you. They're going to go to down the 401k. They're a person. And they're like, oh, we have a person.
But it's all about creating this new life. This new journey of goals, which is what I'm going to be on the internet doing. So we applaud you guys, man, that we are cheering you on. Christian healthcare ministries can save your family hundreds