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Reply to "What a self made multiple millionaire would do in your shoes to increase your net worth."
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[quote=Anonymous]I'll bite, too. I'd love to hear your advice. Me: 52 YO, work PT make $100,000. Thinking about working FT again but I do love PT. DH 57 YO-$90,000. 1 house worth about $800K currently, we owe $100K on it. It will be paid off in five years. DH and I together have about $1.4M in retirement. DH plans to work another ten years but has a chronic illness and may need to retire sooner than that. Other savings: $50K emergency/liquid fund $150K liquid - I just inherited, not sure what to do with this $220K for the two kids' college educations; kids are 15yo and 12yo, 9th and 6th grades. We have a $10K HELOC we used to buy our two new-ish cars. We should probably pay that off with some of the liquid savings. I am thinking about what to do with the money I've just inherited. We will use some for travel, no idea beyond that. We do need to renovate a bathroom (1955 original). Any advice is appreciated! [/quote]
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