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What do you do with your money?
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.
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!
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.
3-Invest:
-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.
Cheers,
Liam
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