Keys to Financial Security

My previous posts dealt with running and my inability to stop smoking. The focal point of this post will be finances, I will lay insight into my financial situation and how I deal with it.

With marriage, buying a house, and one day starting a family being future goals, achieving financial security often lingers at the back of my head. Anyone knows the initial steps to attain financial security involves becoming debt free. Luckily my parents aided me in never getting into debt.

The next step would be to put some money away as savings. The frugality my parents demonstrated directly influenced my spending habits. With a somewhat modest 30K salary, I have been able to save up quite a large sum of money, well above an average 25 year old (I think).

Still I have much to learn in order to truly be financially savvy. Books have enlightened me into recently opening a Roth IRA (for retirement) and to start investing. Luckily my girlfriend comes from a similar financial background hence making decisions together easy. Hopefully our dreams will become reality in the near future.

I apologize if this post comes off as cocky, I have been feeling somewhat down and this provides a way for me to forget my shortcoming.

4/16/08 – 4.6 miles in 43:51 seconds


6 thoughts on “Keys to Financial Security

  1. Tim Ramsey

    I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

    Tim Ramsey

  2. joetaxpayerblog

    I suggest you take a peak at
    and understand your marginal tax rate (15%). For you, the Roth is a great way to save. You see, you are very likely to earn far more in the years ahead and once you are in the 25% bracket, you should consider pre-tax 401(k) or IRA accounts. Then, after a child is born and/or you have a mortgage with the interest and property tax bringing your rate down, you can again flip to using more Roth deposits. In the end, you can use this concept to minimize your lifetime taxes paid. Just a thought, don’t mean to sound like I’m lecturing.

  3. bentlyr Post author

    Thanks for the responses Tim an Joe.

    Joe advice taken, I will continue to do research. Knowledge is the only way to succeed 😀

  4. bentlyr Post author

    It is probably a good idea for me to get a financial advisor, but right now I don’t think I have enough to pay someone. I don’t think it would be cost effective.

  5. antiphonsgarden

    i first really appreciated your contribution about food/worlethic…..why not apply that to your life/money choices?…

    it´s not irrelevant,…money dont fall from heaven for the more worthly ones!pensionfonds,hedgefonds,+the stockmarket AFFECTS DRAMATICALY our planet for the profit of few!think about!…we are a part of the problem or the solution!


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