Hey all, thanks in advance for taking the time to read this. I'll just get right into it. I was involved in an accident where the other party was at fault. It's finally coming to a conclusion and after it's all said and done I'm going to net about $170k tax free. After paying off some credit card debt and an outstanding personal loan I had taken out I'll be sitting at about $155k remaining. I presently live in Denver and make about $92k/yr and am likely going to get a 4-6% raise this month. I have my 401k set to 7% and my company matches that to 4%. My monthly expenses after eliminating debt payments will be car insurance (car is paid off)/renters insurance, internet, electric, storage unit, & rent which comes out to about $1.6k/month. What little savings I had was wiped out after the accident so I'm not really working with much outside of this money coming in. I will likely need to have a knee replacement or two at some point down the line but I would say those are both 10yrs+ down the road. I would really like to buy a house in the Denver metro but the idea of putting $75-100k(20%) down on a house is kind of hard to think about. Houses are about $500k in the Denver metro and I have no desire to leave. I would like to make this money work for me as much as possible as I know $150k isn't really all that much, but I just want to make sure I'm going about this the right way. So just looking for guidance in general I guess. Thanks again for following along if you did!
Submitted September 08, 2021 at 11:00PM by throwaway123321563 https://ift.tt/3Ea2nsz
