Hi people,
My reason for starting this thread is twofold.
1) I’m a bit of a finance nerd and I have been for a while. I don’t know many people (in person) who share my views on finance so I’m starting this thread to get ideas, suggestions, criticisms, etc.
2) I’m a bit of an excel nerd and I like tracking my money. I know even fewer people (in person) who enjoy creating spreadsheets so I’m hoping to get ideas, suggestions, and criticism on my methods of tracking.
About me:
I’m 33 years old. I live in a fairly high cost of living area of the country but I have an above-average income which has allowed me to save aggressively for years. 2016 was my “year of becoming an adult”. I got married, bought a house, and my son was born. This aggressive saving took a massive hit during the past year or so. I used to be able to save >50% of my net pay, where recently I’m barely keeping my head above water.
My wife is currently on maternity leave with no plans to go back to her old job. Our plan is to start a business in the near future where she’ll be handling the day-to-day aspect of running the business and I’ll be handling the back end – automation, inventory, accounting, etc. This business should allow her to take care of our son simultaneously until he is old enough to go to school. I will work full time while she runs the business. If all goes according to plan this should allow us to maintain a reasonable savings rate while living comfortably at the same time.
It’s worth mentioning as well that part of the reason I’ve been able to save so much is because I tend to travel to remote sites for work. This typically involves 12+ hour days for weeks at a time where all expenses are paid for. I’m starting to get burnt out on this lifestyle. Ideally our business venture will be successful enough to allow me to take a steady 9-5 type job in town. I anticipate a pay cut of approximately 30% in exchange for the luxury of sleeping in my own bed every night.
So that’s me in a nutshell. Big changes have been happening in my life lately and big changes are planned for the future.
My reason for starting this thread is twofold.
1) I’m a bit of a finance nerd and I have been for a while. I don’t know many people (in person) who share my views on finance so I’m starting this thread to get ideas, suggestions, criticisms, etc.
2) I’m a bit of an excel nerd and I like tracking my money. I know even fewer people (in person) who enjoy creating spreadsheets so I’m hoping to get ideas, suggestions, and criticism on my methods of tracking.
About me:
I’m 33 years old. I live in a fairly high cost of living area of the country but I have an above-average income which has allowed me to save aggressively for years. 2016 was my “year of becoming an adult”. I got married, bought a house, and my son was born. This aggressive saving took a massive hit during the past year or so. I used to be able to save >50% of my net pay, where recently I’m barely keeping my head above water.
My wife is currently on maternity leave with no plans to go back to her old job. Our plan is to start a business in the near future where she’ll be handling the day-to-day aspect of running the business and I’ll be handling the back end – automation, inventory, accounting, etc. This business should allow her to take care of our son simultaneously until he is old enough to go to school. I will work full time while she runs the business. If all goes according to plan this should allow us to maintain a reasonable savings rate while living comfortably at the same time.
It’s worth mentioning as well that part of the reason I’ve been able to save so much is because I tend to travel to remote sites for work. This typically involves 12+ hour days for weeks at a time where all expenses are paid for. I’m starting to get burnt out on this lifestyle. Ideally our business venture will be successful enough to allow me to take a steady 9-5 type job in town. I anticipate a pay cut of approximately 30% in exchange for the luxury of sleeping in my own bed every night.
So that’s me in a nutshell. Big changes have been happening in my life lately and big changes are planned for the future.