So I was casually looking into investing and what to do with money when it piles up. I found this web site and was reading a bit and finally found Don't underestimate ageism or women over 50 - #49 by Neville.
Now I think I have to put more brainpower into our future in order to avoid poverty when we hit the age of 50. That means I’d need to be financially independent in 13 years (holy moly!). So this is my situation currently.
My wife and me are both 37. We have 2 kids (9 and 7).
I work 100% in IT (cloud stuff) and I make 117k netto a year (before taxes). My wife currently works 60% (as a dentist), she makes 52k netto a year (before taxes).
We are not frugal at all, we rent a new 5 room flat (3.1k a month) and don’t want to move. We’d love to buy a house but don’t have the cash (20% of about 1 million CHF I guess?).
We go on vacation 1-2 times a year. We mostly visit Poland, that’s our home country. With the money we make here, we can book 5 star hotels and enjoy our time.
We are currently able to save about 36k CHF per year and started to max out 3a two years ago.
We currently have about 30k CHF in cash and about 50k CHF in 3a at VIAC (100 global strategy).
So apart from putting our money into VIAC with the global 100 strategy, what should I do additionally? I was thinking about putting between 1000 and 2000 CHF into ETFs (20% CHSPI and 80% VWRL). Is that a good plan?
How much cash would you keep on your account as emergency fund? Is 30k a good amount? I guess we will be able to live about 4 months without a job with 30k.
What else do you guys suggest for us?