Do you have $700k saved for each kid for college/graduate school? Do you have $10-20M saved for yourself for retirement? I’d just put your money in those buckets first, before doing anything else. |
What is the difference between invest and save? By save do you mean in the bank? That is nuts. If by save you mean invest, what is invest? Saving 66% of post-tax is done by no one. 25% and you are a rock star. |
We bought a 2nd home. Yes it is expensive to maintain, but it has appreciated more than 100% in the last decade. And we use it for about 1/3 of the year. |
You are not going to get “outside the box” advice from DCUM. This group of people believes in a very classic and traditional approach. They swear by a classic 9 to 5 W2 job, invest in index funds, wait and retire in your mid 60s. This is not the place where you are going to find people who are advocating for things like real estate investing or entrepreneurship. You have to go some place else for outside the box ideas. |