Hey Reddit community seeking your advice and lessons! Here's my story. I am 32 I joined the military reserves when I was 18 and also worked as a plumber. Thanks to my tours of duty and plumbing through out my 20s I managed to save up about 180k. Two years back I bought both sides of a duplex and live in one. I paid 1.1 million for the whole deal and it's now worth about 1.35 million. A roommate pays half my mortgage. And the other side profits about $400 a month after all expenses. I have no debt, loans, or family.
I gave up plumbing a few years back and joined the fire department and I make about 90k per year. I am currently finishing up another tour of duty and will come home with a total savings of about 35k. I don't have to worry about a retirement plan to much because I have a sweet pension.
I want cash flow, and I want my money to work for me. I would like to own a business and buy more real estate. I live in Vancouver Canada and houses start at 800k so it's hard to get into that more than I am now. I'm thinking of investing my 35k for now but not sure what direction to go?
I feel that I am doing well for a kid that grew up poor and it really was just saving and the military that got me where I am. Really my 180k was just sitting in a basic savings account as I added to it and my banker would call me every month telling me to move it. I never did though because I was too afraid of losing it. Now that I own a place I'm comfortable taking risks but my financial knowledge is limited.
Any advise would be much appreciated!
Sincerely
Submitted July 23, 2017 at 06:43AM by Swolley_Mammoth http://ift.tt/2vNqF7y
