What a great story!!! Way to go!!!

Congratulations!!

Impressive!!! 🤩 stay weird 🙌

Awesome!

Howd you go mate?

Let's goo, good luck!

I have a similar story. I wish I had You Tube when I was young.

Millennial kids? Millennials in 2023 are between 27 and 40 years old. I hardly think 40 year olds can be considered kids.

Good on you guys! Its never to late! My wife and I are older Millennials and started later as well. Paid off our house this month. No consumer debt, fully funded emergency fund pumping 40% monthly into our investments and we currently have 2 rental properties. I feel like starting later can make you even more successful because you go harder!

@@therationalistparty9742 Outstanding!! Congratulations 🎉

I’m a millennial and I’m the same way

“I make myself rich by making my wants few.” Henry David Thoreau. Definitely wise words.

So you wanted all the same things when you were young, but now that you’re established and wise, you’re looking down on others who wanted the same things you did? Okay

They feel deprived AND BLAME BOOMERS when they have to sacrifice. FTFY.

Wanting those things when you’re young is completely normal. Sacrificing when you’re young in order to get yourself to the place where you can get them is not normal. I’m in my mid 30’s and we finished paying off our home last fall. We’re looked at as being lucky…but the reality is that we made intentional choices and sacrifices along the way to get here. Where I was lucky is that both my wife and I shared many of the same values, and we were both willing to work together to make our dreams a reality. We knew there would be work and sacrifices involved…but we’re definitely glad we made the choices we did. Rather than financing all the stuff we wanted and ending having to tell our kids that the bank is coming to take everything away because we can no longer afford to keep it…we get to tell them “we might not have taken as many trips or had as many toys as the others…but everything we own belongs to us, so you don’t need to worry about the bank ever coming to take our stuff away.”

What does the hubby do for work?

@@winterhavenfarmlife He is an electrician.

@@EFN86 trade jobs are the only way forward boomers and corps will pay the higher prices for repairs and additions. Great choice. College degrees are not viable in this economy.

Awesome!

Way to go!!! I home schooled and now my daughter does and just had her 6th child.

How do you know they are depressed and distressed?

Are you single and ready to mingle?😂

Is Jesus is hiring? How much does he pay an hour ?

​@@RL86most severly in debt people bc there in debt!

You put 42k into a retirement account every year? That's more than anyone my age I know makes in a year, and that's just your retirement. When you say

I totally agree. We grew up when the kind of information these new generations have today wasnt readily available like it is today unless we listened to am radio or went to the library

So true! It was “rude” to talk about money, salaries, and all that! I find it weird. It’s corporate conditioning.

B.C. , I agree, he should do a solar analysis. If done right, it's like prepaying your electric bills. If done wrong, it's like going in debt.

I’m in the same boat. I’m a slightly older millennial, and we are completely debt free, including our house as of last fall. My parents are boomers, and they had paid off their first house within 5 years after purchasing it. They weren’t the norm back then, and I’m definitely not the norm now. I faced different situations than my parents did, but the principles that they followed, and ultimately that I learned from them definitely played a huge part in me being where I am today. What’s crazy to me is that my parents know people their age that have no money saved up, and have mortgages larger than even I had when I first bought my house. Those people have lived their entire lives “trying to get ahead” and have ultimately ended up broke. I’m very thankful that my parents had the mindset they did. Not only did I learn a lot from them, but they are also fairly well off financially, so I don’t need to worry about having to support them financially in retirement either.

Good for you?

If you are working on your debt snowball, I would put everything on hold and save up about $3,000-$4,000 or as much as you can. You can do this while trying or even pregnant. Your insurance should cover most of the hospital delivery stuff, but you never know with your first if it's going to be a typical labor and delivery or not. After you leave the hospital make sure you add your new little one to your insurance. Then you just have to contact the hospital, and clinic with their new insurance info so they can bill for the baby. You technically have two months to give them that info but I wouldn't wait on it. When you get the actual bills you should have enough to cover it with the 3-4k. If the baby is healthy, whatever is left over can be thrown at normal debt, and there should be a lot left over if you have good insurance. You can do babies frugally. Don't feel like you have to have a ton of stuff. Breastfeeding if you can, and a good blender for grinding up a bit of your dinner into baby food when they are a bit older are the cheapest routes. Cloth diapers are a great money saver, I did it with 2 of mine for 4 years straight and hit my limit. A gal can only scrub poop out of diapers for so long. My last carseat I bought was like $89 on Amazon and it grows with your child covering them from 6-80lbs, I got my bouncer and swing for $20 each at a second hand shop and they have lasted through my last 4 babies. My hubs and I put a 5 year gap between our first set and our last 4. I wish we had saved the baby stuff but we didn't have the space at the time. -homeschooling Mom of 6

You get a tax credit of 2k per kid and 3k childcare tax credit per kid. A lot of stuff you can buy off of FSA which is pretax money.

@@boredoreos I mean it helps but it's not like you're making money by having children. If you use childcare, yes you get the childcare tax credit. You don't get that childcare credit if you stay home with them. Childcare for one child costs yearly more than both those tax credits combined. So having your children in daycare isn't a get rich quick off the tax payer scheme. Plus the child tax credit breaks down to just under $39 a week per child, that's not making you any money either.

@@EFN86 Right, but if you pay 20k per kid per year, if you take advantage of tax credits and deductions, you can be paying 12k per kid per year which is a whole lot cheaper.

@@boredoreos I see what you mean. I guess I get defensive a bit. Occasionally you get people that think we are gaming the system and making money through tax credits. I am like nope not when our food costs us more monthly than our mortgage payment. 🤣

Not really lol plenty of outliers. My brother lives in one of the most expensive suburbs of Chicago and he is a closer for a title company and his wife just entered the work force in HR. They have 2 kids and 4 cars paid off. One of which is a 1972 Nova. Not always about how much you make, it's what you do with it.

And yes, they are able to vacation lol

@@justincaldero5174 Lol you just contradicted yourself. There's a lot of money in HR. My stepfather's HR manager drives an M8 Competition Gran Coupe and a family friend is a retired recruiter. He lives in a large house and travels the world. I'm talking about "unskilled" workers who used to be able to comfortable afford that lifestyle and now even highly educated and skilled workers can no longer afford those same options or have to delay gratification much longer.

You are a Xennial, that's why you don't seem to fit either one. We are the Oregon Trail generation.

Gay. I bet you don't have a wife or a girlfriend 🤷🏽‍♂️🤣🤣