Get out of debt and pay off your house. You’ll be surprised how comfortably you can live on limited cash flow when you don’t have to make car, credit card, student loan, or mortgage payments.
After that — save 15 to 25% of your annual income. Invest. Diversify. You’ll be fine.
SnakeDoc
Yeppers...the basic foundation of financial freedom!
The college student will graduate soon and will hopefully be employed soon, and the mortgage is down to about $30K. So we should be able to start saving much more aggressively in the next year or so. But I do worry/wonder about how inflation, taxes, etc., will throw up unforeseen challenges in getting through retirement. I always thought it would be a good idea to put a couple refrigerator boxes aside for a last resort abode....