Here is my basic updated plan...My wife and I both work. We still live on 60% of my income alone.

Here is what I do each month in order:

1. Contribute to 401K ($15000/yr each)
2. Pay all bills (approx. $2900/mo)
3. Invest in Ameriprise Mutual Fund Portfolio ($1000/mo)
4. Contribute to cash fund ($3500/mo) until cash balance hits $50K then re-allocate more to stock market.

Income:

Me: $58,200/yr - fulltime job
$35,000/yr - side business

Wife: $104,000/yr

Here is my basic plan...My wife and I both work. we live on 60% of my income alone.

Here is what I do each month in order:

1. Contribute to 401K ($15000/yr each)
2. Pay all bills (approx. $2500/mo)
3. Invest in Ameriprise Mutual Fund Portfolio ($1800/mo)
4. Contribute to emergency cash fund ($1000/mo)
5. Contribute to vehicle replacement fund ($500/mo)
6. Contribute to "fun money" fund ($1400/mo)
7. Invest the rest in riskier investments. ($1300/mo)

Opened investment account 3/31/2006 with $55,000. Made deposit on 5/1 of $1800.

Current value of mutual fund portfolio: $59,400

Income:

Me: $58,200/yr - fulltime job
$35,000/yr - side business

Wife: $90,000/yr