36M + 34F Combined. We have some work to do!
My wife and I had over 80k in debt last year including 2 car loans (40k) and cc debt (43k).
The year before that we bought a new house and another car, completely furnished the house and did some crazy impulsive stuff with our money. We had to cut back on putting money away for the kids (1000 a month), live on a super strict budget, and cut our contributions to our 401k/saving so we can have as much cash as possible to pay off debts.
Has of Feb. 2026 we have no debt except for the house and what we owe our kids (14000$)
Goals :
1 year - pay off what we owe our kids + open 2 Roth IRA accounts and try to max them out for the year.
10 year - is to have over $1million saved throughout all accounts
15 year - pay off house and have enough to cover 2x kids colleges (will xfer to roth ira if not needed)
30 year - is to have at least 5 million with dividend payouts totaling 11k a month
We live in a tier 2 city on the east coast. Our Gross income is about 205k (100k me, 85k wife, 20k in side jobs/hustles) which sounds like a lot but, not when you have 2 in diapers + daycare.
The company I was working with for 8 years and taught me everything I know, which led my down a new path didn't offer a 401k so I started really late (mom & pop kind of business).
Tips/advice/questions and comments are highly welcomed and appreciated! Thanks! AMA.