Hi David! I’ve been trying to get the nerve up to add my success story for months, so here it goes! 3 years ago my new husband and I were renting an apartment in a city we didn’t like in jobs we didn’t love. We had over 3k in cc debt and a dream to buy a house. We decided to pay off our cc and start aggressively save for a house, we had a plan and we were a team together! Fast forward 2 years and we had just had our offer accepted on our house, when I came across The Automatic Millionaire. Man, do I ever wish I had found it earlier! We quickly worked to establish an emergency fund-we had saved everything for a downpayment, but nothing for emergencies! We then set up automatic retirement contributions for both of us though RRSP’s and set out to make our first ‘offical’ budget.
I’m happy to say that I’ve reread your book 3 times, checking it out of the library whenever i need inspiration. By rereading it this fall, we got inspired to up our RRSP contributions to reflect the raises we both got with our 2 new wonderful jobs! Our emergency fund continues to fund itself and our retirement accounts are getting healthier. A year ago we switched to biweekly mortgage payments, shaving 4 years off our ammortization. We watch our Latte Factor, while allowing room for the things we love, and pay cash and budget carefully. The best thing about all of this is that we are on the same page about money and talk openly with eachother about finances. We hope to start our family within the next year and when we do I’m positive your advice will have helped us reach that dream financially secure.
Sincerely,