Hello, here is my situation:
30 year old male, $64,000 salaried income, no debt or liabilities as of today. I have a 2011 Yaris with 90,000 miles, a pension valued at $6,000, a 401(k) valued at $45,000, and $1,000 in my checking account after paying off everything today. My rent is currently $1,000 all in (rent, utilities, parking, etc.). My auto insurance is $100 a month but will go down when I renew in 3 months as my at fault bodily injury accident was in September 2012 and the 5 year mark is falling off. My rental insurance is $12 a month. My phone is $50 a month for the plan. The only other expenses I have are food / gas / entertainment, which I keep to roughly $100-$200 a month.
Where do I go from here? I have never looked at owning a home before as I'm a single dude. I've always just invested in the 401(k) because I got a free 4% match and never was in a position to invest outside of it. I don't know anything about real estate investing, playing the stock market, gambling on options, etc. I don't know if I should just watch my bank account grow and see where I'm at in a year, or triple the amount I'm putting into my 401(k), or something else, etc. I'm not the kind of person to save for a Jaguar or drop $5,000 on a 2 week vacation or anything like that. My only two real financial goals / priorities are to get a paid off house asap (assuming I ever buy one and don't just rent forever ...) and comfortably fund a retirement account and maybe retire a little early (55? 60? Definitely not 66-70)
Thanks!
Submitted August 18, 2017 at 10:11AM by NMM92 http://ift.tt/2w9lvqa
