Hi All,

Just got this message from a reader. It was inspiring so I wanted to share it with the rest of you.

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I have been reading your blog. I just want to encourage you to keep saving money cause it works. When I met my wife in 1985 I was 35 and she was 32 and we were both broke. We started saving about 30% of our income. I was a process engineer, she was an insurance supervisor. We put about 1/2 in stocks and the rest in safe bonds. We both retired early – at the age of 55 and 52 about 3 years ago. Last year our porfolio was $2M and today is still worth about $1.6M even after the latest recession. We travel and enjoy life and don’t even need a pension to live on.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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