< notes

• Retirement savings by 65: 15 times your desired annual retirement income
  • for 70k ⇒ 1,050k, 50%+ stocks and % bonds, if 8% annual return, can withdraw 7% for living
  • retire whenever you wan: 25 times take out 4% every year “in perpetuity”
• Credit card monthly max: 30% of credit line
  • “utilization” and “payment history” so REDUCE _utilization_ or spread out among cards
• Housing monthly max: 28% of gross monthly income
  • FED regulators housing cost principle/taxes/insurance, roughly 2.5 x Annual income, invest savings
• Monthly debt: 8% of gross monthly income
  • for “recurring debt” (auto/student loans, CC, utilities) - if over, slash your budget
• Car loan length max: 60 months
  • end up owing more than the car is worth
• Save for child’s college: 1/3 of total cost
  • 529 savings plans, collegesavings.org