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That revelation, along with some other economizing, has helped the couple put an average of $2,000 a month into their house fund, which is now about $34,000.
They've also become pretty good cooks in the process.
"We specialize in Tex Mex," said Bret, who regularly makes "dollar burritos," so named because that's about what they cost.
...lead to a million-dollar net worth
As a political consultant, Bret changes jobs at least annually, which doesn't make saving for retirement easy. Recently he set up a Roth IRA, to which he plans to contribute $2,000 or $3,000 (the max) each year.
Shannon's employer contributes 50 cents for every dollar she puts into her 401(k), up to 4 percent. Right now she's saving just enough to get that full match. "Once we buy our house we plan to focus on the 401(k)," she said.
Nevertheless, the couple has $13,400 in retirement savings, $16,000 in cash in their checking and savings accounts, $3,700 in taxable mutual funds and $10,500 in three individual stocks, the Advisory Board (ABCO: Research, Estimates), Cisco Systems (CSCO: Research, Estimates) andExxon Mobil (XOM: Research, Estimates).
"My godfather gave me one share of Exxon stock when I was born. Now it's worth $1,300," said Bret.
Shannon says that Bret has been talking about being a millionaire since she first met him their freshman year of college at James Madison University in Virginia. By very conservative estimates, the couple could have $1 million in net worth by the time they are 44.
Of course, if their income continues to increase as it has over the past few years and they keep their spending in check, they have a good shot at reaching this goal while still in their 30s.
For now, however, they'd just be happy moving into a place of their own. With interest rates so low, the competition for homes in the Wask's price range is extremely tough.
"The places we're looking at are getting three to seven contracts (offers)," said Bret. "You have to see a place on Sunday and decide by Monday what kind of bid you want to put on it."
Still, after two months of actively shopping for their first home, the Wasks haven't tired of their Sunday routine just yet. "We're still enjoying the process, and we're getting some good decorating ideas along the way," said Shannon.
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