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  • #5508433
    What do you do with your money?
    John H Holiday
    Aug 16, 2021

    I’ve finally started closing some big deals at my company now, and I have some large sums coming in and I don’t see an end to this. I was in customer service before and I’m really not used to this.

    I don’t know what to do. Do you guys invest your money? Treat yourself to things? Cars? I don’t know where to go from here.

    Michael Stone
    Aug 18, 2021
    Michael Stone Aug 18, 2021

    Where are you in your life? In your forever home? £100,000+ liquid cash in the bank? Feeling secure in your job?

    I would focus on the basics. 1-3 years cash in the bank, mortgage paid off ASAP, reliable car paid off in full and then go have some FUN!

    Eli A
    Aug 18, 2021
    Eli A Aug 18, 2021

    Hey John,

    Congrats on your recent financial Success. If I were you i would do this:

    1-Emergency Fund: Have 1 year of your expenses liquid in a high yield savings account.

    2-Pay off All your debt ASAP.

    -Stock Market: Indef funds like SnP500 and Total Stock indexes will give you a safe, and steady returns.

    -Real Estate: Multi Family Homes are a great example of a cash flowing asset.

    4-After you invested, HAVE FUN!:

    5-Help people in need.



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