Well

not a favorite, but our micro investing in a friend’s business went to crap and basically we lost about $30,000. We bought a new Jeep for cash (long term installment loans for bad credit) and practically gave the SUV to the wife’s cousin. They are more talented in replacing a transmission and the SUV was 14 years old. I was able to max out my 401K to $24K a year as I turned 50 last year. I think we saved about 40% of our income. We took an awesome trip to Prague, Salzburg and Munich and were able to pay for a few things for the group of 24 people that came along on the trip.

I guess this is part of homework

I was just looking at my Lifelock account at my credit history.

I still have a “good” score. There are no “good reasons” for my scores 675, 714 and 7140—nothing listed as a good reason whatsoever. However there are several negatives. Kind of the things DR might see on his but my balance sheet certainly is not as generous as his. All the negative stems from getting out of debt. Only exception to that is our mortgage. All the reasons they list as negative are actually good reasons I guess. It means we are doing something right to have gotten out of debt.

Here are all the “negative” reasons:
Lack of sufficient relevant account information.
The date that you opened your oldest account is too recent. (Most recent is mortgage from 2011.)
No open accounts in your credit file.
No open real estate accounts in your credit file.
You have either very few loans or too many loans with delinquencies. (Only the mortgage.)
Lack of sufficient credit history.

I am the owner of a legally registered business, an R-corp, I believe. I am wondering how this affects the future of my business. Our business operates on the DR philosophy as well. We do have accounts with vendors with terms but nothing is financed.

Hi all, I wanted to say Welcome as well

The previous posts have given good recommendations; I would only add that you may want to check out some of Dave Ramsey’s books (if you haven’t already). The Total Money Makeover book is a good one, and the Financial Peace University series is great if you like workshop-type environments. Either/both of those sources will help you put your situation (which BTW is extremely common), into a “big picture” so that you have a sense of where you are vs where you want to be. Both the book and the series will also give you concrete programs for getting from Point A to Point B. We frequently talk here about “being on the VB road”, because we’re all at different stages of getting from wherever we started, to wherever we have set as our financial goals. You’re in good company on that road, even if you’re not sure of some of the details yet. So check out either the book or the class if you’d like “the rest of the story” for the recommendations we’re making. And again, Welcome!