u/AJECH44

37 years old
Make 2500-3k a week take home
Wife is 34 and takes home 900 a week

I have a 401k company doesn’t match such it is an esop.

I just opened an IRA and a UTM for each of the kids.
For stocks I have 40 shares of NOK I bought durning Covid and just help and a couple Netflix.

I have a mortgage, two car payments, the kids, life, and live in NJ so 3k sounds amazing a week but is just good here. So I can’t drop 1k a week in every account. My plan was 25$ in each kid account, 100$ in stocks, and 157 in Ira so I hit the 7500 for the year.

I went with 50$ each of VOO for the kids accounts when I opened them. I wanted to get to like a grand of that for each then start buying them pieces in Apple.

As far as my IRA I chose FHAOX.

I’m not trying to day trade or anything like that. I just want to set up my wife and I to have a nice retirement and leave our kids with something. Trying to set up generational wealth on a blue collar dad salary.

Does this sound ok for my situation? Is there something better I should be looking at?