20-08-2014, 10:34 AM
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Quote:
Originally Posted by Unregistered
48, income $160k pa. Spouse, 45, income $105k pa.
I save $50k pa. Spouse saves $30k pa.
Current spending includes groceries, condominium mortgage payments, car loan installments, related car expenses, condo fees, insurance, taxes, parents allowance, kids fees and tuition, holidays, donations, utilities, entertainment, fine dining, luxury clothes and accessories, etc.
We hope to grow our net worth to $2.5m by the time we retire at 65.
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With so high income, i am surprised you save so little. I think you should able to reach your target much earlier. I am at similar age and income range and already with net worth of 2.7M.
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