A reader informed me today that CNN Money has rolled out a couple of new Millionaire in the Making profiles. I’ve updated my complete list of Millionaire in the Making series profiles to include these two new couples. I’ve also subscribed to CNN Money’s Personal Finance Feed so I wouldn’t miss another new profile. I read the profiles and want to share some of the highlights with you and get your thoughts.
The Wisneskis: Future Millionaires (x3)
One couple, Nate and Nicki Wisneski, are 27 and have been together since seventh grade. They have a six year-old and live in Oneida, WI. They’re doing an excellent job with their combined incomes and are set to retire at 65 with more than 3 Million. See more of their profile.
Meet The Shifrins: Future Millionaires
The Shifrins are both U.S. Army Captains at the age of 27. They (Matthew and Kristen) met a few years back while based at the same location. They got married a year and a half later. They’ve served in Iraq and plan on retiring with the Army.
Not great savers on their own, since married they’ve been on a tear. Being deployed in Iraq for a while, along with their newly found passion for saving their money, helped them to be way ahead when they returned. Here are their current stats according to the CNN profile.
Since their return from Iraq, the Shifrins now save one of their paychecks and spend the other. This is similar to the automatic savings strategy that Mrs. PT and I are now using.
The Shifrins are definitely in excellent shape for a married couple their age. I’m impressed. They’ve been very wise with their decisions. The question now is what to do with that $20,000 in credit card debt?
Considering they will be buying a house within a year, what should be their strategy with the debt? Leave your suggestion in the comment section below…