"There is no real trick to generating great wealth. The missing magic is time. Unless you win the lottery or earn a great deal more than you spend, you have to allow wealth to accumulate over the passing years."
"You have no debt except a mortgage. You also have a fully funded emergency fund, a maxed-out 401(k), and a college savings plan for your child, even if you don't have that much in it."
"Altogether, your finances are ahead of the vast majority of Americans. The anxiety you're feeling isn't a sign of failure but a common concern among those managing their finances responsibly."
The individual is the sole earner, managing expenses, maxing out a 401(k), and contributing to a 529 plan for their child's college. They express concern about future job loss and the adequacy of their savings. Despite feeling stressed, they have no debt aside from a mortgage, a fully funded emergency fund, and a college savings plan. The advice emphasizes that wealth accumulation takes time and reassures that their financial management is already ahead of many Americans.
Read at Slate Magazine
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